🕐10.02.12 - 02:54 Uhr

PETROBRAS - PRESS RELEASE: EXECUTIVE BOARD CHANGES.



Dear Mr/Mrs Ramin Farzanehfar,

 

 
 
 
Rio de Janeiro, February 9th, 2012 – Today, Petrobras’s Board of Directors approved:
 
  • The proposal to change the make up of the Petrobras Board of Executive Officers by creating a new office, which will be headed by a Chief Corporate Services Officer.

    The proposal states that the new Officer will be in charge of Organization, Management and Governance; Human Resources; Safety and Environment, Energy Efficiency and Health; and Shared Services.

    This proposal stems from a study on the managerial challenges that Petrobras will face due to the significant rise in the number of employees and the need for greater oversight given the huge volume of investments.

    The creation of this new office will be submitted for vote during the next Extraordinary Shareholder’s Meeting.
 
  • The nomination of the current Pre-salt E&P Executive Manager, José Miranda Formigli Filho, to replace the current Exploration & Production Officer, Guilherme de Oliveira Estrella.

    José Formigli has a Bachelor’s Degree in Civil Engineering from the Military Institute of Engineering – IME, a Graduate Degree in Matrix Analysis of Structures from the Rio de Janeiro State University – UERJ and an MBA in Business Administration from the Federal University of Rio de Janeiro (Coppead).

    He has been at Petrobras for 29 years and has held various management level offices, all in the Exploration & Production area.

    In 2008, José Formigli was appointed Executive Manager of the area created to plan and develop pre-salt discoveries and was in charge for managing the entire production development program of these areas.
 
  • The nomination of the current Executive Manager for Operations and Participations in Energy, José Alcides Santoro Martins, to assume the Gas and Energy Executive Office left vacant by Maria das Graças Silva Foster.

    José Alcides has a Bachelor’s Degree in Civil Engineering from the University of São Paulo – USP, a Graduate Degree in Geotechnics from PUC-Rio and a Graduate Degree in Energy Systems Planning from Unicamp.

    He has been at Petrobras for 32 years and has held various management level offices, in addition to being a Board member in various subsidiaries of the Company.

    He was also Technology Director at the Center for Gas & Renewable Energy Technology – CTGAS-ER from February 2004 to May 2005 and Director for Oil, Gas and Biofuels at the Energy Research Company – (Empresa de Pesquisa Energética, EPE) from May 2005 to June 2006.
 
Petrobras is grateful for the contributions made by Mr.

Guilherme de Oliveira Estrella.

The company would like to thank him for his leadership, technical competence and high level of professionalism and dedication in the exercise of his office.
  
 
 
Sincerely,

Investor Relations.
 

To be removed from this E-mail Alert service, please send a reply with the subject: Unsubscribe.


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.

 




Products & Services | Jobs