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Brazil's Petrobras approves Chambriard as new CEO
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Brazil's Petrobras approves Chambriard as new CEO
May 24, 2024 6:43 AM

SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new Chief Executive.

Chambriard, who was also appointed to a seat on the board, has already taken office in the position, Petrobras said in a securities filing.

The incoming chief executive, a former head of oil and gas regulator ANP, was chosen by President Luiz Inacio Lula da Silva to replace former CEO Jean Paul Prates after he was dismissed last week.

Chambriard, a four-decade industry veteran, was tasked by Lula with making the oil giant an engine of job creation and industrial development.

She will be looking to breathe fresh life into domestic shipyards, fertilizer plants, refineries, and gas lines, sources have previously told Reuters.

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