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In a letter printed on Monday, Brazil’s Mines and Power Ministry introduced that the federal government will use its powers as controlling shareholder of Petrobras to vary its chief government officer. Once more. José Mauro Coelho, who took workplace simply over a month in the past, couldn’t resist a latest hike in diesel costs and has been the most recent casualty attributable to gas inflation.
His substitute, the federal government introduced, shall be Caio Mário Paes de Andrade, who at the moment serves because the Economic system Ministry’s Debureaucratization Secretary. Mr. Andrade’s nomination have to be confirmed by the Petrobras board.
Mr. Andrade holds an undergraduate diploma in…
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