financetom
Business
financetom
/
Business
/
Petrobras CEO exit imminent, reports CNN Brasil
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Petrobras CEO exit imminent, reports CNN Brasil
Apr 4, 2024 8:32 AM

April 4 (Reuters) -

The exit of Petrobras Chief Executive Jean Paul

Prates from the state-run company is "imminent," CNN Brasil

reported on Thursday, citing three unnamed sources.

The CEO of Brazil's state development bank BNDES,

Aloizio Mercadante, is being considered for the role, the

broadcaster reported. The report comes after newspaper Folha de

Sao Paulo said Prates was seeking a meeting with President Luiz

Inacio Lula da Silva to ask for support to stay in the role.

Petrobras shares reversed gains to fall around 1% after

the CNN Brasil report.

Petrobras did not immediately respond to requests for

comment. Lula's press office said in a statement that it was not

aware of any scheduled meeting.

CEO Jean Paul Prates has come under fire from some members

of Lula's cabinet, including Mines and Energy Minister Alexandre

Silveira, and wants a "definitive meeting" with Lula about the

situation, the newspaper reported.

Leaving Petrobras is among the outcomes mulled by Prates if

he fails to get a strong show of support from Lula, according to

the report, which did not say how it obtained the information.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Accolade to be Acquired, Taken Private by Transcarent in $621 Million Deal
Accolade to be Acquired, Taken Private by Transcarent in $621 Million Deal
Jan 8, 2025
02:43 PM EST, 01/08/2025 (MT Newswires) -- Accolade (ACCD) agreed to be acquired and delisted by Transcarent in a $621 million deal that's expected to deliver a more personalized healthcare experience for people. Transcarent, which recently launched a WayFinding artificial intelligence chatbot that promises instant and trusted health information, will pay $7.03 per Accolade share, according to a joint statement...
US to build new stockpile of bird flu vaccine for poultry
US to build new stockpile of bird flu vaccine for poultry
Jan 8, 2025
* USDA says new vaccines will match current virus strain * Current outbreak has killed over 130 million birds in all 50 states * Trade risks hinder immediate vaccine deployment, Agriculture Secretary Vilsack has said (Adds impact on egg prices, paragraph 2, background, quotes on prior vaccine development in paragraphs 8-12) By Leah Douglas and Tom Polansek Jan 8 (Reuters)...
Cogeco Media Appoints Caroline Jarnet as President
Cogeco Media Appoints Caroline Jarnet as President
Jan 8, 2025
02:44 PM EST, 01/08/2025 (MT Newswires) -- Cogeco Media, a subsidiary of Cogeco ( CGECF ) on Wednesday announced the appointment of Caroline Jamet as President, Cogeco Media, effective Feb. 3. Jamet is a seasoned media and entertainment executive. Most recently, she led Radio-Canada's French Radio and Audio sector, where she increased market share and spearheaded the development of its...
Edison International Shares Fall as LA Wildfire Rages On
Edison International Shares Fall as LA Wildfire Rages On
Jan 8, 2025
02:54 PM EST, 01/08/2025 (MT Newswires) -- Edison International ( EIX ) shares fell more than 13% in recent Wednesday trading as wildfires raged on in Los Angeles. Edison's Southern California Edison is the main power utility for the areas directly surrounding the city of Los Angeles and nearly 70,000 of the company's customers were out of power as of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved