![[Img #74675]](https://thelatestnews.world/wp-content/uploads/2024/12/They-discover-a-new-class-of-X-ray-sources-in-the-150x150.jpg)
First modification: Last modification:
The social communicator Caio Mario Paes de Andrade was admitted as a member of the Board of Directors of the state oil company Petrobras and approved as the new president of the company, a decision that raises controversy among shareholders and oil unions.
Brazilian oil company Petrobras has named its fourth president in two and a half years, after his predecessor resigned less than two months after taking office.
The social communicator Caio Mario Paes de Andrade, current secretary of De-bureaucratization, Management and Digital Government of the Ministry of Economy, was nominated by President Jair Bolsonaro as a replacement for José Mauro Coelho, who had also been nominated by the Brazilian president.
Without any experience in the sector, the appointment of Paes de Andrade, which will be in force until April 2023, generated controversy among the oil unions that announced that they will take the case to court, as they assure that it does not meet the legal requirements to assume The charge.
Specifically, they refer to the rule that requires the president of the company to have compatible academic training and experience of at least ten years in the energy sector or in a company the size of Petrobras.
The board of directors of Petrobras approves Caio Paes de Andrade as the company’s new CEO, the fourth person at the helm of Latin America’s largest oil producer this year amid rising pressure for it to lower fuel prices https://t.co/fFAwGqQl4q
—Bloomberg (@business) June 27, 2022
The fourth president of Petrobras in two and a half years
Caio Mario Paes were in office during the current government, in addition to his predecessor José Mauro Coelho, the economist Roberto Castello Branco and the reserve general Joaquim Silva e Luna.
Coelho had resigned under pressure from the president and his predecessors had been dismissed due to disagreements with the president over the company’s fuel price policy.
The popularity of the far-right president has been affected, mainly in an election year, due to the increase in the prices of diesel and gasoline, which in turn have triggered inflation.
The price policy that Petrobras applies for the sale of fuels in the domestic market is directly linked to fluctuations in the international market, a methodology that the head of state, who aspires to re-election in October, has sought to modify.
But Bolsonaro has met with vast resistance, since, despite being state-controlled, Petrobras has shares traded on the Sao Paulo, New York and Madrid stock exchanges, rules that prevent direct state intervention.
With Reuters and EFE
Add Comment