🕐28.04.12 - 04:27 Uhr

PETROBRAS - PRESS RELEASE: CHANGES TO THE EXECUTIVE BOARD.



Dear Mr/Mrs Ramin Farzanehfar,

 

  
 
Rio de Janeiro, April 27, 2012 – Petróleo Brasileiro S.A.

– Petrobras announces that today its Board of Directors approved:
 
  • The nomination of José Carlos Cosenza, currently Executive Manager of Refining, to replace Paulo Roberto Costa, currently Downstream Director.

    José Cosenza is a Chemical Engineer with 36 years of experience at Petrobras and has held many different managerial posts in the Supply and International areas.
  • The nomination of Richard Olm, currently Executive Manager of Production Development Projects, to replace Renato de Souza Duque, currently Engineering, Technology and Materials Director.

    Richard Olm is a Mechanical Engineer with a degree from the Federal University of Rio Grande do Sul (UFRGS).

    He has 33 years of experience at Petrobras and has held many different managerial posts in the Exploration & Production and Gas & Energy areas.
 
Petrobras would like to thank Directors Paulo Roberto Costa and Renato de Souza Duque for their services to the company, notably their leadership, technical expertise, high level of professionalism and commitment during their term as Directors.


 
 
 
  
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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