The Brazilian government has nominated Pietro Mendes for a new term as Chairman of Petrobras, with a shareholder meeting set for April 16 to finalize board selections. Petrobras engages in oil and gas exploration, refining, and distribution, spanning various energy segments.

On March 13, 2025, it was announced that the Brazilian government has nominated Pietro Mendes for a new term as Chairman of Petrobras, the nation’s state-run oil company. This nomination is part of the board member selections received from the company’s shareholders. Petrobras shareholders are scheduled to vote on the new board during a meeting on April 16, 2025.

Petroleo Brasileiro S.A., commonly known as Petrobras, operates within the oil, natural gas, and energy sectors. The company is involved in various activities, including the prospecting, drilling, and refining of crude oil sourced from both onshore and offshore fields. Key segments of Petrobras’ operations include Exploration and Production, Refining, Transportation and Marketing, Gas and Power, Biofuels, and Distribution, each contributing to different aspects of energy production and distribution.

The nomination of Pietro Mendes for another term as Chairman of Petrobras reflects the Brazilian government’s strategic decision for the company’s leadership. As the shareholders prepare to select the new board, significant attention is directed toward Petrobras’ future direction and governance, particularly in the dynamic energy sector.

Original Source: www.marketscreener.com