Ivan Monteiro is the new president of Petrobras

After Pedro Parente's resignation from the presidency of Petrobras, Ivan Monteiro is immediately replaced by the state's board of directors

Petrobras' administrative leadership has just nominated Ivan da Silva Monteiro, with a degree in engineering and effective director, to definitively assume the position of president of the state-owned company, after Pedro Parente was fired today (01). Despite being assigned the new position, he will still continue to accumulate his current role as Chief Financial Officer and Investor Relations Officer. Monteiro may meet with Michel Temer this evening to align company guidelines.

The truth is that even with the departure of Parente, little or nothing of the work and management policy should change, since the 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 a position from the interim president to assess new projections.

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