Pietro Mendes Nominated for New Term as Petrobras Chairman

Petrobras has nominated Pietro Mendes for another term as chairman, ahead of the board meeting on April 16, 2025, where shareholders will finalize the new board member selections. Petrobras is a leading player in the oil and energy industry.

On March 13, 2025, Petrobras, the Brazilian state-run oil company, announced the nomination of Pietro Mendes for a new term as chairman. This decision comes as part of a series of board member nominations from the company’s shareholders. Shareholders are scheduled to select the new board during a meeting on April 16, 2025.

Petroleo Brasileiro S.A.-Petrobras operates primarily in the oil, natural gas, and energy sectors. The firm is involved in various activities, including prospecting, drilling, refining, trading, and transporting crude oil. It has multiple operational segments that encompass exploration, production, refining, transportation, marketing, and biofuels, among others.

In summary, the Brazilian government has nominated Pietro Mendes to continue as chairman of Petrobras, signifying continuity within the leadership of the state-run oil firm. The forthcoming board meeting on April 16 will determine the official appointment of Mendes and other nominated board members, reinforcing Petrobras’s pivotal role in the energy sector in Brazil.

Original Source: www.marketscreener.com