Prates received a request on May 14 from the Rio de Janeiro-based company’s board to consider his early termination, the company announced in a press release. (Source: Shutterstock)
Petrobras’ Jean Paul Prates is expected to step down as CEO after a reported dispute with Brazil’s President Luiz Inácio Lula da Silva over dividend payments, according to Bloomberg.
Prates received a request on May 14 from the Rio de Janeiro-based company’s board to consider his early termination, the company announced in a press release.
RELATED
Petrobras Not in a Race with Guyana to Boost Production, CEO Says
Magda Maria de Regina Chambriard is expected to replace Prates as Petrobras’ CEO and as a member of the company’s board, Petrobras said in the release.
Most recently, Chambriard worked with Brazil’s oil regulator ANP.
Chambriard holds a Master's degree in Chemical Engineering from Alberto Luiz Coimbra Institute for Graduate Studies and Research in Engineering of the Federal University of Rio de Janeiro (COPPE/UFRJ) and a degree in Civil Engineering from UFRJ.
Additionally, the board removed Sergio Caetano Leite from the position of CFO and investor relations officer, and appointed the current Finance Executive Manager Carlos Alberto Rechelo Neto as interim, until the election of a new CFO.
Recommended Reading
GridStor Acquires Battery Storage Project from Black Mountain
2025-01-16 - GridStor’s acquisition of the battery energy storage project in Oklahoma from Black Mountain Energy Storage comes amid a need for new power resources to support the region’s electric system reliability.
Green Lantern Sells Vermont Solar Project to Sea Oak Capital
2025-01-15 - Green Lantern Solar’s 500-kW Brighton Solar project is sited on the closed portion of an operating family-owned gravel operation.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Amplify to Add D-J, Powder River Assets in Merger Agreement with Juniper Capital
2025-01-15 - Amplify Energy Corp. is combining with certain Juniper Capital portfolio companies in a merger agreement that adds 287,000 acres in the Denver-Julesburg and Powder River basins.
WhiteHawk Badgers Response from PHX on Acquisition Offer
2024-11-12 - WhiteHawk Energy’s move follows months of unsuccessful attempts to engage PHX Mineral's leadership, including a previous stock-for-stock merger proposal in August 2023.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.