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According to the Category, the President Does Not Meet the Requirements to Lead the State-Owned Company
The protest took place yesterday, 27, in front of the building being used by the Petrobras top management, on Rua do Senado, in Rio de Janeiro. Participants point to the approval of Caio Paes de Andrade as the reason, a week after the departure of José Mauro Ferreira Coelho.
The oil workers are relying on the State-Owned Companies Law and the social statute of the oil company to raise their complaints.
The expectation, however, is that the manifesto will not disrupt Petrobras’s schedule, which is under pressure amid rising diesel and gasoline prices.
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Petrobras buys 75% of Oranto and becomes the operator of block 3 in São Tomé and Príncipe, resuming its strategy in Africa to diversify its portfolio and replenish oil and gas reserves.
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China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.
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While the world felt the pinch of rising oil prices, oil companies pocketed at least $23 billion extra from the crisis in Ormuz.
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Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.
Caio Paes de Andrade Takes Over as President of Petrobras
Caio Mário Paes de Andrade took over as president of Petrobras this Tuesday (28/6). The manager was approved as a member of the Board of Directors and CEO of the company in a meeting held yesterday (27/6). His term as a councilor will continue until the next General Shareholders’ Meeting (date yet to be scheduled), and as president until April 13, 2023. Caio was sworn in in Rio de Janeiro, company headquarters, in an internal event.
Paes de Andrade holds a degree in Social Communication from Universidade Paulista, has a postgraduate degree in Administration and Management from Harvard University, and a master’s degree in Business Administration from Duke University. An entrepreneur with proven successes in information technology, real estate, and agribusiness, he founded and/or led the establishment of several emblematic companies in the Brazilian Information Technology market.
In the social area, he founded and oversees the activities of the Instituto Fazer Acontecer – a self-sustainable organization that has a direct positive impact on 4,000 children and adolescents in the semi-arid region of Bahia, through sports. In 2019, he took over the Presidency of the SERPRO, the main state-owned information technology company in the Americas.
He then became the Special Secretary for Bureaucratization, Management, and Digital Government, the former Ministry of Planning, where he coordinated the drafting of the Administrative Reform and the GOV.BR Platform, the central hub for Digital Transformation of the Brazilian state.
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