Petrobras Moves CFO Up To CEO

June 6, 2018


Petrobras‘ chief financial officer is now the new interim CEO.

The board of the Brazilian producer and refiner elected Ivan Montiero to head the company on Friday, Platts reports, completing the company’s “surprise transition of power.”

He’ll fulfill the “remaining portion of predecessor Pedro Parente‘s term, which is set to expire March 26, 2019, Petrobras said in a filing with local stock regulators late Monday.