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PetroReconcavo (RECV3) Announced Today the Beginning of the Succession Process of Its President, Marcelo Campos Magalhães, as Informed by the Company This Friday (24). The Aim Is to Ensure a Smooth and Efficient Transition in the Company’s Leadership.
The Company PetroReconcavo Informed This Friday (24) the Beginning of the Succession Process of Its President, After Marcelo Campos Magalhães Announced His Intention to Resign from the Position. Magalhães Has Served as CEO of PetroReconcavo for 15 Years, Leading the Company During a Period of Significant Growth and Transformation, Consolidating It as One of the Leading Independent Oil and Natural Gas Exploration and Production Companies in Brazil.
With the Assistance of Heidrick & Struggles, the Board of Directors Selected José Maria de Mello Firmo to Assume the Position of CEO of PetroReconcavo. His Election Will Take Place at a Meeting to Be Held Before His Taking Office, Scheduled for January 1, 2024. Until Then, Magalhães Will Remain in Office.
José Firmo Holds a Master’s Degree in Business Administration from Rotterdam School of Management, Erasmus University, and Accumulates Over 30 Years of Experience in the Oil Industry. He Has Worked at Companies Such as Schlumberger and Seadrill, and He Was Also the President of the Brazilian Institute of Oil, Gas and Biofuels (IBP) Between 2017 and 2019. Since 2019, Firmo Has Held the Position of President of the Port of Açu, a Subsidiary of Prumo Holding de Investimentos.
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The Board of Directors Emphasizes the Company’s Vision for Organic Growth, Efficient Management of Production and Costs, as Well as Disciplined Capital Allocation in the Development of Its Reserves. Furthermore, the Company Remains Attentive to Inorganic Growth Opportunities That May Add Value to the Company, Stated PetroReconcavo.
Source: MoneyTimes
