Petrobras names new CEO

Petrobras names new CEO

People Loans Energy Politics Brazil

Brazil's Petrobras announced that Ivan Monteiro has become CEO, rising from the post of CFO he had held since 2015. Shares in the state-owned energy company rose as high as 8.5% on Monday morning, the first day of trading after Monteiro replaced Pedro Parente, who resigned last week. Petrobras' American Depositary Shares (ADSs) ended the day at $10.7, up 5.63%%, after shedding more than 35% since the start of a trucker strike on May 21. As CFO, Monteiro lowered Petrobras' debt levels, extended m

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