🕐27.03.15 - 01:27 Uhr

PETROBRAS - MATERIAL FACT: RESIGNATION OF THE CHAIRMAN AND ELECTION OF NEW CHAIRMAN OF THE BOARD



 
 

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  Petrobras www.petrobras.com.br/ir  
 
Petrobras
 
  Resignation of the Chairman and Election of New Chairman of the Board
 
 

Rio de Janeiro, March 26, 2015 – Petróleo Brasileiro S.A.

– Petrobras informs that Mr.

Guido Mantega resigned today from his position as member and Chairman of Petrobras Board of Directors.

The Board of Directors, in a meeting also held today, approved, by majority vote, the election of Board member Mr.

Luciano Galvão Coutinho as Chairman of the Board, replacing Mr.

Guido Mantega.

The Board did not elect a new member.

Luciano Galvão Coutinho has been a member of Petrobras Board of Directors since April 2008.

He is also a member of the Board of Directors of Petrobras Distribuidora S.A.

and has been the President of the National Bank for Economic and Social Development (BNDES) since April 2007.


 
This election, as stated in Brazilian law 6.404 and in the Company’s bylaws, is valid until the next Shareholders Meeting. 

 

 
 
 
Petrobras | Investor Relations Departament www.petrobras.com.br/ir
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República do Chile, 65, Room 1002, Rio de Janeiro, RJ, Brazil / Zip code: 22031-912
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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties.

The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe,” “expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

There is no assurance that the expected events, trends or results will actually occur.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

The Company’s actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors.

These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk management policies and procedures, including operational risk; and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies.  A description of other factors can be found in the Company’s Annual Report on Form 20-F for the year ended December 31, 2013, and the Company’s other filings with the U.S.

Securities and Exchange Commission.

 
 



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