Quick Telecast
Expect News First

Petrobras committee rejects two board nominees from government (NYSE:PBR)

0 41


Joa_Souza/iStock Unreleased via Getty Images

Two of the Brazilian government’s seven nominees for the new board of directors at Petrobras (NYSE:PBR) do not meet the requirements to hold the position, its eligibility committee said on Thursday.

The committee said the candidates would have a conflict of interest serving on the board because they have high ranking positions in President Bolsonaro’s government.

The committee’s findings are non-binding, and both candidates can become board members pending approval by the current board and by Petrobras (PBR) shareholders.

The other five government picks and the two minority shareholder appointees were approved by the committee.

Last month, the eligibility committee cleared the nomination of Caio Paes de Andrade as the company’s next CEO.


Joa_Souza/iStock Unreleased via Getty Images

Two of the Brazilian government’s seven nominees for the new board of directors at Petrobras (NYSE:PBR) do not meet the requirements to hold the position, its eligibility committee said on Thursday.

The committee said the candidates would have a conflict of interest serving on the board because they have high ranking positions in President Bolsonaro’s government.

The committee’s findings are non-binding, and both candidates can become board members pending approval by the current board and by Petrobras (PBR) shareholders.

The other five government picks and the two minority shareholder appointees were approved by the committee.

Last month, the eligibility committee cleared the nomination of Caio Paes de Andrade as the company’s next CEO.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Quick Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

buy kamagra buy kamagra online
Immediate Access Pro