• Hands Tied, Brazil's Petrobras CEO Quits After Telling Shareholders He Would Not

    11 monthes ago - By Forbes

    Here's why Parente had no choice but to quit.
    Read more ...


  • Petrobras CEO Pedro Parente Resigns as Strikes Take Down Market Favorite

    11 monthes ago - By Fortune

    Pedro Parente resigned as Petrobras chief executive officer, leaving the helm of the state-controlled oil company he helped revive as a nationwide strike against fuel prices unleashed criticism against his free-market policies.
    Parente stepped down on Friday, the company said in a filing, adding that there will be no further changes to its board. Petrobras' American Depositary Receipts were down 16 percent at 11:10 a.m. New York time, and local shares plunged 15% after a temporary trading halt was lifted.
    Parente is the highest-profile victim of an 11-day trucker strike against fuel prices...
    Read more ...