News Formal

Brazil's securities industry watchdog to investigate change of Petrobras CEO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Brazil's securities industry watchdog CVM is expected to launch an investigation on Monday following the announcement by President Jair Bolsonaro of the change of CEO at state-controlled oil company Petrobras, according to one source with knowledge of the matter.

FILE PHOTO: Roberto Castello Branco, CEO of Petroleo Brasileiro S.A. , speaks during a compliance event in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes/File Photo

Bolsonaro first announced the nomination of former General Joaquim Silva e Luna to replace current CEO Roberto Castello Branco to head Petroleo Brasileiro SA, as the company is formally known, on social media after the market close Friday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

short $EWZ short $PBR short $Brasil

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines