Portuguese 
English 
Spanish 
4 min of reading 
The Current President of Petrobras Could Not Withstand Popular and Union Pressure and Has Resigned from the State Company
Petrobras announced this Friday (1) that Pedro Parente has resigned from his position as president of the company. “The appointment of an interim CEO will be considered by Petrobras’ Board of Directors throughout today. The composition of the other members of the company’s executive board will not undergo any changes,” the state-owned company informed in a statement. The resignation comes amid the pressures and strains faced by Parente during the oil workers’ strike and criticism of Petrobras’ fuel pricing policy.
-
Haiti’s capital is experiencing an energy and construction crisis, facing blackouts, a blocked port, and buildings at risk after years of instability and a significant earthquake.
-
Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
-
Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
-
Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
Read Pedro Parente’s Resignation Letter
“Honorable Mr. President of the Republic,
When Your Excellency extended to me the honorable invitation to be the president of Petrobras, we discussed at length my vision of how I could work to recover the company, which was going through serious difficulties, without capital injections from the Treasury, which was then said to be indispensable and in the order of tens of billions of reais. Your Excellency entirely agreed with my vision and granted me the necessary autonomy to carry out such a difficult mission.
During my time as president of the company, I had the full support of your Board. Petrobras’ journey during this period was closely monitored by the press, public opinion, and its investors and shareholders. The results obtained reveal the correctness of the set of measures we adopted, which go far beyond pricing policy.
I make a calm judgment of my performance and feel authorized to say that what I promised was delivered, thanks to the selfless work of a team of executives, managers, and the support of a large part of the company’s workforce, always, I repeat, with the determined support of your Board.
Petrobras is now a company with a restored reputation, safety indicators in line with the best companies in the sector, very positive financial results, as demonstrated by the last results published, debt on a clear trajectory of reduction, and a strategic plan that has proven capable of allowing the company to invest responsibly and sustainably, generating jobs and wealth for our country. And all of this without any capital injection from the National Treasury, as per our initial conversation. It seems to me, therefore, that the foundations for a virtuous path for Petrobras have been laid.
The truck drivers’ strike and its serious consequences for the life of the Country triggered an intense and at times emotional debate about the origins of this crisis and put Petrobras’ pricing policy under intense scrutiny. Few can see that it reflects shocks that have affected the global economy, with their effects on the Country. Movements in oil and exchange rates increased the prices of derivatives, magnified the tax distortions in the sector, and led the government to seek alternatives to solve the strike, opting for consumer subsidies for diesel.
I have reflected a lot on everything that has happened. It is clear, Mr. President, that new discussions will be necessary. And, in light of this scenario, it is clear that my continued presidency at Petrobras is no longer positive and does not contribute to the construction of the alternatives that the government has ahead. I have always sought to demonstrate, throughout my public life, that above all, my commitment is to the public good. I have no attachment to positions or roles, and I will not be an impediment to the discussion of these alternatives.
Therefore, through this letter, I submit my irrevocable and unrecallable resignation from the position of President of Petrobras. I am at your disposal to make the transition for the necessary period for my successor.
Your Excellency has been impeccable in the professional management vision of Petrobras. Allow me, Mr. President, to register my suggestion that, to continue this historical contribution to the company — which has been managed without any political interference during this period — Your Excellency rely on corporate rules, which have been so improved over these two years, and on the contribution of the Board of Directors for the choice of the new president of Petrobras.
Few Brazilians have been given the honor of presiding over Petrobras. I am fully aware of this and am very grateful that, for a period of two years, this unique honor was conferred upon me by Your Excellency.
Finally, I want to express my gratitude to the Board of Directors, my colleagues from the Executive Board, my direct support team, the other managers of the company, and the entire workforce that make Petrobras the great company it is, a source of pride for all Brazilians.
Respectfully,
Pedro Parente” – Source: O GLOBO
https://youtu.be/COWlGWhmdak
Seja o primeiro a reagir!