Incoming Petrobras CEO tells committee he has no gov’t guidance on pricing policy
SAO PAULO (Reuters) – The incoming chief govt of Brazil’s state-run oil firm Petrobras instructed a company committee he has not acquired any steering from the federal government on altering the agency’s gasoline pricing coverage, a doc confirmed on Saturday.
Caio Mario Paes de Andrade, a former financial system ministry official appointed by President Jair Bolsonaro to run Petrobras, was authorized by the eligibility committee on Friday, a key step for him to take the reins of the corporate.
The minutes of the assembly, revealed by Petrobras on Saturday, confirmed the committee had requested Andrade in regards to the firm’s pricing coverage, a subject that helped deliver down three CEOs throughout Bolsonaro’s tenure as worth hikes created tensions with the far-right chief.
“I’ve no particular or common steering from the controlling shareholder or some other shareholder within the sense of fixing the corporate’s pricing coverage,” Andrade mentioned.
He’s on the verge of taking on as CEO a month after he was named by Bolsonaro, awaiting a board vote on June 27.
The committee minutes additionally confirmed Andrade’s approval was not unanimous as the top of the four-person committee, Francisco Petros, voted towards his nomination.
“A fast evaluation of the issues by which the corporate is immersed reveals {that a} candidate with expertise in managing massive firms and/or public our bodies was very essential,” Petros mentioned, including that Andrade doesn’t have the mandatory abilities.
Andrade, who holds a grasp’s diploma in administration from Duke College, beforehand suggested Financial system Minister Paulo Guedes on digital governance.
(Reporting by Gabriel Araujo; Enhancing by Daniel Wallis)
