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He Will Take Over Marcelo Magalhães’ Position, Who Will Leave The Company To Take A Sabbatical And Dedicate Himself To Other Personal Ventures, Thus Making Room For New Opportunities For Growth.
The PetroReconcavo Was Established 23 Years Ago And Is Responsible For The Operation Of A Set Of 56 Oil And Natural Gas Concessions In Several Basins, Including Potiguar, Recôncavo And Sergipe-Alagoas. In Addition, The Company Has Control Over 6 Exploration Blocks, 5 In The Recôncavo Basin And 1 In The Potiguar Basin, And Holds Participation In 2 Concessions Managed By Other Companies.
The PetroReconcavo Has A Significant Presence And Influence In The Oil And Natural Gas Sector, With A Diversified Portfolio Covering Multiple Regions Of Brazil.
In A LinkedIn Post, He Announced His Intention To Leave The Position Of CEO Of PetroReconcavo. After Nearly 15 Years At The Helm Of The Company, He Expressed His Satisfaction With The Work Done, Highlighting The Exponential Growth And The Achievement Of An Important Space In The Oil And Gas Market As One Of The Most Relevant Independent Operators In The Sector. He Also Highlighted The Importance Of His Team, Qualified And Engaged, In The Process Of Transforming The Brazilian Onshore Oil And Gas Sector.
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Marcelo’s Contribution To The Company’s Growth
“During Nearly 15 Years As CEO, Marcelo Played A Key Role In Driving Growth And Transforming The Company, Consolidating It As One Of The Leading Independent Producers Of Oil And Onshore Gas,” The Company Stated In A Statement.
“He Led A Restructuring Process, Acquisitions, IPO, And New Share Issuances, Providing Significant Value To Shareholders And The Community, Especially In The Interior Municipalities Of Northeast Brazil. Marcelo Will Collaborate With The New CEO In A Gradual Transition Over The Coming Weeks.”
In Addition, The Organization Has An Exceptional Technical Team And A Significant Competitive Advantage, Which Is The Verticalized Structure That Provides Greater Autonomy, Productivity, And Reduced Costs. I See Great Potential In The PetroReconcavo And We Are Committed To Charting An Even More Ambitious Future Compared To The Current Situation. We Want To Elevate The Company To A New Level.
Marcelo Magalhães Led The PetroReconcavo For 15 Years, During Which He Supervised The Company’s Expansion.
“I Am Very Excited About My New Venture. At PetroReconcavo, I Found A Set Of Exceptional Opportunities: The Company Has Shown Robust Organic Growth Year After Year – While Generating Profit To Distribute Dividends To Shareholders, Maintaining A Healthy Position In Terms Of Debt, And Holding High-Quality Oil And Gas Assets – With Great Potential For Production Increases,” Said Firmo.
José Firmo Will Take Over As CEO Of The PetroReconcavo Starting January 1, 2024, As Announced By The Company This Friday (24/11). He Will Succeed Marcelo Magalhães, Who Will Leave The Company To Take A Sabbatical And Dedicate Himself To Other Personal Projects.
With Over 30 Years Of Experience In The Oil Industry, Firmo Currently Serves As The CEO Of The Porto do Açu, A Subsidiary Of Prumo, Since 2019. In Addition, He Has Served As President Of Schlumberger In Brazil And Senior Vice President Of Seadrill In The Western Hemisphere, And He Also Led The Brazilian Institute Of Oil And Gas (IBP) And The Brazilian Association Of Oil Service Companies (Abespetro).
This Is A Significant Change For The PetroReconcavo, Which Relies On The Vast Experience And Knowledge Of José Firmo To Continue Its Growth And Expansion In The Oil And Gas Sector.
Source: EPBR
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