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Petrobras (NYSE:PBR [https://seekingalpha.com/symbol/PBR]) said Thursday its board of directors approved Bruno Moretti as the company's new chairman [https://www.reuters.com/business/energy/petrobras-board-approves-bruno-moretti-chairman-2025-08-21/], replacing Pietro Mendes, who resigned [https://seekingalpha.com/news/4487712-petrobras-chairman-mendes-resigns-moves-to-brazils-oil-regulator] a day ago after being confirmed by Brazil's Senate as a director at the country's oil and gas regulator.
Moretti, who already is a member of Petrobras' (NYSE:PBR [https://seekingalpha.com/symbol/PBR]) board, currently serves as special secretary for government analysis in the office of Brazil President Lula da Silva's chief of staff.
Petrobras (PBR [https://seekingalpha.com/symbol/PBR]) said in a Brazilian securities filing that Moretti's term as chairman will last until the next general shareholder meeting, Reuters reported.
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Petrobras board names Moretti as new chairman
Published 2 months ago
Aug 22, 2025 at 12:18 AM
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