Petrobras CEO Not Expected to Stay On

November 7, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Wednesday that the chief executive of state-controlled oil company Petroleo Brasileiro SA, Ivan Monteiro, is not expected to stay on during the new administration.

Speaking to reporters, Bolsonaro said he has not spoken yet to his chief economic adviser Paulo Guedes on whether the president of the central bank, Ilan Goldfajn, will remain in his job. Bolsonaro, who takes office on January 1, said the foreign minister in his government will be a career diplomat.


(Reporting by Marcela Ayres and Anthony Boadle Editing by Chizu Nomiyama)

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