Bolsonaro taps market-friendly consultant to head Petrobras after ousting second straight CEO
Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed.
In a statement on Monday, Brazil’s Mines and Energy Ministry announced the slate of board members it would put forward at a shareholders’ meeting in April, with Adriano Pires tapped for the CEO spot and Rodolfo Landim, a well-known sports magnate with significant oil experience, set to be the new chairman.
The nomination comes as something of a surprise, given that Pires has consistently defended the market-oriented policies at Petrobras that have provoked criticism from Bolsonaro.
