The newest president of Petrobras, appointed by President Bolsonaro, has been in charge of the Itaipu hydroelectric plant since January 2019
President Jair Bolsonaro announced last night (19/02) that he will replace the current president of Petrobras, Roberto Castello Branco, with General Joaquim Silva e Luna. “The government decided to appoint Mr. Joaquim Silva e Luna to fulfill a new mission, as board member and president of Petrobras, after the end of the cycle, which lasted more than two years, of the current president, Mr. Roberto Castello Branco”, says the statement. oficial, attributed to the Ministry of Mines and Energy, published on Bolsonaro's Twitter.
Read also
- Multinational opens 300 job openings in SP, MG, SC and offers 7 scholarships to candidates
- Raízen, the largest ethanol producer in Brazil, opens vacancies for candidates without experience looking for their first job, in SP
- Coca Cola, the largest multinational producer of non-alcoholic beverages, calls for 67 job openings in SP, RJ, MG, RS and more
- Helper, boilermaker, servant, foreman and more job vacancies in primary and secondary education for industrial and civil maintenance works
- Petrobras puts up for sale 11 onshore oil fields, Waterway Terminal and Oil Pipeline in the state of Sergipe
The youngest president of Petrobras, reserve general Joaquim Silva e Luna, is 71 years old, married, father of three and born in the city of Barreiros, Zona da Mata in Pernambuco.
Silva e Luna has a postgraduate degree in Politics, Strategy and Senior Army Administration from the Army Command and General Staff School. He is also a post-graduate from the University of Brasilia (UnB), in Projects and Systems Analysis.
Currently, Silva e Luna has held the position of Brazilian general director of Itaipu Binacional since February 26, 2019 and is expected to leave the chair when he is officially appointed. Prior to that, he was the first soldier to hold the position of Minister of Defense, in the government of former President Michel Temer, and had a long military career, which began at age 19 and culminated in the position of Chief of Staff of the Army.
Petrobras informs about letter from the Ministry of Mines and Energy
Petrobras informs that it received an official letter from the Ministry of Mines and Energy, requesting measures to call an Extraordinary General Meeting, with the objective of promoting the replacement and election of a member of the Board of Directors, and appointing Joaquim Silva and Luna, in replacement of Roberto da Cunha Castello Branco. Furthermore, the Union proposes, as a result of the last Ordinary General Meeting having adopted the multiple vote, that all members of the Board of Directors be immediately reappointed at the Extraordinary General Meeting itself, to fulfill the remainder of the respective mandates.
The letter also requests that Joaquim Silva e Luna be subsequently evaluated by Petrobras' Board of Directors for the position of President.
Petrobras clarifies that President Roberto Castello Branco and other Executive Directors of the company have a mandate in effect until March 20, 2021.
Petrobras informs that new material facts will be disclosed to the market in due course.
An exchange announced by Bolsonaro
In recent days, President Jair Bolsonaro began and felt dissatisfied with the course of Castello Branco's management. The main criticism was with the successive increases in fuel prices at the refinery, prices rose for the fourth time in 2020.
With the advance followed by fuel prices, Bolsonaro indicated that there would be changes in the company. The president also promised to zero the tax on diesel and cooking gas.
The speech worried investors and the company's shares fell sharply yesterday (19). In market value, the company lost almost R$ 29 billion.
Petrobras has reaffirmed that its pricing policy follows what is practiced in the international market and varies according to the price of oil and the dollar.
Castello Branco took charge of Petrobras in January 2019, right at the beginning of Bolsonaro's term. His management has been marked by a divestment policy, with the sale of refineries and the state-owned company ceasing to be part of several businesses.
When he took office, Castello Branco criticized the existence of monopolies and defended less State interference in the economy.
In 2019, Petrobras even gave up the increase in the price of diesel in refineries after a determination by President Jair Bolsonaro.
