Jose Mauro Coelho has officially assumed the role of CEO at Brazil’s Petrobras during a critical moment marked by public outcry over rising fuel prices. As the third CEO under President Jair Bolsonaro, Coelho faces intense pressure to curtail gasoline and diesel price hikes while navigating the company's significant financial transitions, including a recent 5.26 billion reais compensation from Shell. Despite past underperformance concerns, Petrobras is poised for a recovery with expected revenue growth of 72.12% year-over-year, highlighting a complex yet pivotal shift in the energy giant's leadership and strategy.
“Jose Mauro Coelho · was formally elected · new CEO of Brazil’s Petrobras”
“Petrobras · has elected · Jose Mauro Coelho · chief executive for a one-year term”
“Petrobras · voted · Coelho onto its board · paving the way for the government technocrat to take the helm”
“Petrobras · announced · final results and settlement · April 14, 2022”
“PGF · engaged · dealer managers · BNP Paribas, Citigroup, HSBC, Mizuho Securities, Morgan Stanley, Scotiabank”
“PGF · paid · holders whose Notes were accepted for purchase · approximately US$2.0 billion”
“Petrobras · received from Shell · amount · 5.26 billion reais”
“Petrobras · received from Shell · dollars · $1.12 billion”
“Petrobras · received · compensation from Shell · 5.26 billion reais ($1.12 billion)”
“Petrobras shareholders · elected · José Mauro Coelho · to the firm's board”
“many Brazilians · have demanded that Petrobras · limit price increases · for gasoline and diesel”
“Petrobras · elected · Jose Mauro Coelho · chief executive for a one-year term”
