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

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
- AstraZeneca could have COVID-19 vaccine against variant by end-2021: Austrian newspaper
- UK government doubles down on lobbying defence
- A tale of two carmakers: GM and Toyota take different electric roads in China
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!