Brazil's Petrobras executive management in talks on possible mass resignation - sources

February 19, 2021 6:57 PM EST

A worker checks the fuel volumes on a train wagon near a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil, February 19, 2021. REUTERS/Ueslei Marcelino


Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

By Sabrina Valle

RIO DE JANEIRO (Reuters) - Petroleo Brasileiro SA's executive management is considering resigning en masse after the Brazilian government decided to replace Chief Executive Roberto Castello Branco, three people close to the management said, asking not to be named as information is private.

President Jair Bolsonaro earlier said he had decided to appoint former Defense Minister Joaquim Silva e Luna as the state-controlled oil company's CEO.

(Reporting by Sabrina Valle; Editing by Christian Plumb)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters