The early termination of Caio Mário Paes' mandate was communicated by Petrobras on the morning of the 04th.

The Brazilian giant Petrobras informed, this Wednesday morning, that its Board of Directors approved the early termination of Mr. Caio Mário Paes de Andrade as President of Petrobras, effective from today. The company also informed that Paes also resigned as a member of the q the company.

With the position vacant, the chairman of the board of directors appointed as interim president of Petrobras the executive director of production development, Joao Henrique Rittershaussen, until another election of the new president can take place.

Rittershaussen holds a degree in electrical engineering from UFMG (Federal University of Minas Gerais), and in petroleum engineering from Petrobras, with an MBA in Business Management from Coppead (UFRJ) and Advanced Management Program from Insead (Institut Européen d'Administration des Affaires) at France. The interim president of Petrobras has been with the company for 35 years.

Petrobras' new president already has a nomination from the Lula government

The Lula government has already made official the appointment of Jean Paul Prates to lead the company, which is already being analyzed by the Chief of Staff and will later be forwarded to Petrobras.

Check out Jean's resume:

• Lawyer and economist, with a master's degree in Energy Planning and Environmental Management from the University of Pennsylvania, in the USA, and in Oil and Motor Economics, from the French Petroleum Institute;
• Legal advisor at Petrobras Internacional (Braspetro), between 1988 and 1991;
• Consultant for the Ministry of Mines and Energy (MME) and the ANP;
• Secretary of Energy of Rio Grande do Norte, between 2008 and 2010;
• Elected first alternate for Senator Fátima Bezerra (PT/RN) in 2014;
• Senator in 2019, when Bezerra became governor.