Petroleo Brasileiro CEO executive Jose Mauro Coelho resigned on Monday and an interim CEO would now be appointed for the board’s consideration
The chief executive of Brazil’s state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.
The interim CEO would become Petrobras’ fourth chief executive since Brazilian President Jair Bolsonaro took office in 2019. On Friday, after Petrobras said it was raising gasoline and diesel prices at its refineries, Lower House Speaker Arthur Lira called for Coelho’s resignation and Bolsonaro called the move a betrayal of the Brazilian people.
Coelho was appointed CEO by the government in early April, but less than two months later the Bolsonaro administration decided to pick senior economy ministry official Caio Mario Paes de Andrade to replace him.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Listed low, negotiations bump up offer for Pickering townhouseThe buyers and sellers agreed to an offer $155,100 over the $649,900 list price after discussion
Read more »
Mark Shields, veteran PBS NewsHour pundit, dies at 85Shields’s tenure as a political commentator on PBS NewsHour spanned six presidencies
Read more »
Ontario losing farmland at a rapid rate amid urban sprawl, provincial agriculture group saysOntario Federation of Agriculture urged municipal governments and province to better protect farmland when planning new developments to ease the housing crisis
Read more »
Ontario losing farmland at fast rate amid urban sprawl: provincial agriculture groupTORONTO - The Ontario Federation of Agriculture says the province is facing an increase in the rate of farmland loss as urban sprawl swallows up land ...
Read more »
Ontario losing farmland at fast rate amid urban sprawl: provincial agriculture groupData from the 2021 Census of Agriculture suggests Ontario is losing 319 acres of farmland daily, equal to the loss of one average family farm per day.
Read more »