Petrobras names new CEO and board member

RIO DE JANEIRO -- Petrobras has annouced the resignation of Aldemir Bendine from Petrobras’ board member and CEO positions.

 

In light of the resignation presented, the board of directors held a meeting, during which engineer Pedro Pullen Parente was elected Petrobras’ board member. The board, at the same meeting, also elected Pedro Parente to the position of CEO, effective May 31, 2016.

 

Petrobras also announced the resignation of Board Member Luciano Galvão Coutinho. The position will remain vacant until the election of a new member of the board.

 

Pullen Parente began his public service career at Banco do Brasil in 1971, and was transferred to the Central Bank in 1973, in both cases following public examination. He has been a consultant for the International Monetary Fund and public institutions in Brazil, including several State Departments and the National Constituent Assembly of 1988, and has occupied various government positions in the economics area. He was Minister of State between 1999 and 2002, having led the team handling the transition from President Fernando Henrique Cardoso’s government to President Lula’s administration. During this period, he played an important role as President of the Energy Crisis Management Chamber. He was a member of the board of directors of Petrobras between March 24, 1999 and December 31, 2002, and chairman of the board as of March 25, 2002. He was chief operating officer of RBS Group between 2003 and 2009, and president and CEO of Bunge Brasil from 2010 to 2014. He is currently a member of the board of directors of SBR-Global, as well as an Executive Partner of the Prada group of consulting and financial advisory companies. He has also been chairman of the board of directors of the BM&FBOVESPA – Securities, Commodities and Futures Exchange since March 2015.