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Petrobras dismisses production executives in wake of CEO change

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Petrobras dismisses production executives in wake of CEO change

Petróleo Brasileiro SA - Petrobras said Jan. 10 that its board of directors dismissed Chief Exploration and Production Officer Solange da Silva Guedes, who will be temporarily replaced by Rafael Salvador Grisolia. Grisolia also serves as chief of the financial and investor relations office and the strategy organization and management system.

The state-owned integrated oil and gas company also dismissed Chief Technology and Production Development Executive Officer Hugo Repsold Jr., who will be temporarily replaced by Chief Corporate Affairs Executive Officer Eberaldo de Almeida Neto. Neto will also hold the post of chief refining and natural gas executive officer.

Guedes' dismissal will take effect Jan. 20, and Repsold's is effective Jan. 12.

Grisolia and Neto will hold the temporary posts for 90 days until new appointments are announced.

The company also named potential appointees Anelise Quintão Lara as chief refining and natural gas executive officer; Carlos Alberto Pereira de Oliveira as chief exploration and production executive officer; Lauro Cotta for the strategy, chief organization and management system executive officer; and Rudimar Andreis Lorenzatto as chief technology and production development executive officer. They are undergoing the procedures for nomination, compensation and succession, including the deliberation of the board of directors.

Petrobras CEO Roberto Castello Branco was sworn in Jan. 3. He said earlier this that month the company will boost oil production, focus on its core business and leave other sectors.