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Latin American Economy & Business - January 2019

Brazil: Ex-admiral appointed chairman of state oil giant Petrobras

Until January 2018, Fleet Admiral Eduardo Bacellar Leal Ferreira commanded the Brazilian Navy. Now he’s overseeing the board of the state oil giant, Petrobras. Ferreira will be the chairman of a new-look 10-member board that will be entrusted with securing Petrobras’ steady recovery from its notoriously central role in the long-running corruption investigation, Operation Car Wash. Roberto Castello Branco, grandson of the eponymous liberal economist who served as the first planning minister during the military dictatorship, is the chief executive.

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