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Expert Interview
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Discussing Petrobras and the recent firing of its CEO
Ticker(s): PBRWho's the expert?
Institution: Rafael Chaves
- From 2019 to 2023 (at Petrobras) I was the leader of strategy, external affairs and sustainability at the biggest Brazilian company, responsible for 3% of the global supply of oil and gas (leading 2000+ employees). Petrobras has increased its “sustainable-explicit” capex from less than 1% (2018) to 6% of the total Capex (today). Represented Petrobras as the Chairman of the Boards of Directors of Transpetro and TBG (logistic companies) and of IBP (Brazilian Petroleum institute). Represented Petrobras as a member of the board of directors of OGCI-CI, an oil and gas investment fund (US$1bn+) based in London.
Interview GoalDiscussing Petrobras and the recent firing of its CEO: Focusing on the former CEO's firing and the reasons behind that; the new CEO, her management capabilities. and her vision for the company. And understanding what this means for capital allocation: capital investments and shareholder returns going forward.
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