New Petrobras CEO says president wants firm to boost national economy By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2024
0mins
Source: Investing.com
- Petrobras CEO and President's Priorities: The new CEO of Petrobras, Madga Chambriard, is working to boost Brazil's economy while maintaining profitability at the oil firm, aligning with President Lula's priorities.
- Lula's Statement: President Lula emphasized that no one wants shareholders to lose money and stressed the importance of Petrobras remaining profitable.
- Leadership Changes: Chambriard announced a new management team with three directors experienced in state-run firms, aiming to bring technical expertise to Petrobras.
- Investment Plan Acceleration: One of Chambriard's key goals is to expedite Petrobras' $102 billion investment plan for 2024-2028 to create job opportunities.
- Stability in Management: Chambriard mentioned that there are no further changes expected in the senior management staff of Petrobras after the recent appointments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
