Dear Mr/Mrs Ramin Farzanehfar,
Rio de Janeiro, February 9th, 2012 – Petrobras informs that its Board of Directors elected Maria das Graças Silva Foster as CEO, replacing José Sergio Gabrielli de Azevedo.
Mr.
Gabrielli will remain in office until next Monday, February 13th, when the new CEO will take office.
José Sergio Gabrielli de Azevedo is also leaving the Company’s Board of Directors, which elected Maria das Graças Silva Foster as new member.
This election, according to the provisions of the Brazilian legislation and Petrobras’ By-law, is valid until the next General Shareholders Meeting.
Maria das Graças Silva Foster has worked at Petrobras for 31 years.
She has been Director for Gas and Energy and CEO of Gaspetro - Petrobras Gás S.A since 2007.
Mrs.
Maria das Graças Foster has a Bachelor’s Degree in Chemical Engineering from the Federal Fluminense University (UFF), a Master’s Degree in Chemical Engineering and a Graduate Degree in Nuclear Engineering from the Rio de Janeiro Federal University
(COPPE/UFRJ).
She also has an MBA in Economics from Fundação Getulio Vargas (FGV/RJ).
Aside from occupying different executive level offices in the Company, Maria das Graças Silva Foster has been CEO of Petroquisa – Petrobras Química S.A., and CEO and CFO of Petrobras Distribuidora S.A.
She is Chairwoman of the Board of TBG – Transportadora Brasileira Gasoduto Bolívia-Brasil S.A., and TAG – Transportadora Associada de Gás S.A, and is member of the Board of Director of Transpetro –
Petrobras Transporte S.A., Petrobras Biocombustível S.A.
and Braskem S.A.
In her career, she was also Secretary of Oil, Natural Gas and Renewable Fuels at the Brazilian Ministry of Mines and Energy from January 2003 to September 2005.
Petrobras is grateful for the contributions of José Sergio Gabrielli de Azevedo as CEO and member of its Board.
We thank Mr.
Gabrielli for his leadership skills, technical competence and high level of professionalism and dedication during his administration.
Sincerely,
Investor Relations.
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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.
A.
- PETROBRAS
Investor Relations Department I E-mail: /
Av.
República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management.
Such terms as
“anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements.
These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and readers
must not base their expectations exclusively on the information presented herein.
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