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After Pedro Parente’s Resignation as President of Petrobras, Ivan Monteiro Is Immediately Appointed by the Company’s Board in His Place
The administrative leadership of Petrobras has just appointed Ivan da Silva Monteiro, who has an engineering background and is an executive director, to officially assume the position of president of the company, following Pedro Parente’s dismissal today (01). Although designated for the new role, he will still continue to hold his current position as executive director of finance and investor relations. Monteiro may meet with Michel Temer later tonight to align the company’s guidelines.
The truth is that even with Parente’s departure, little or nothing in the work and management policies is expected to change, as projections were made within the 2017-2020 business plan, including many with contractual terms that cannot be broken. Little is known about Monteiro’s profile, and the international financial market is waiting for the interim president to assess new projections.
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