RIO DE JANEIRO, Dec 23 (Reuters) – Caio Paes de Andrade, the chief govt of Brazil’s state-run oil agency Petrobras (PETR4.SA), has determined to resign earlier than his time period ends in April, however has not but set a date for his departure, six sources instructed Reuters.
Andrade’s early exit would offer a pathway for leftist President-elect Luiz Inacio Lula da Silva to rapidly set up his personal selection to guide the corporate. Lula, a leftist former president, takes workplace on Jan. 1.
Lula is anticipated to select Senator Jean Paul Prates as the subsequent head of the corporate. Prates has beforehand mentioned the incoming authorities won’t have an interventionist stance on Petrobras.
Petroleo Brasileiro, as the corporate is formally identified, declined to remark.
Andrade didn’t instantly reply to a request for remark. Petrobras had beforehand mentioned Andrade had accepted an invite from future Sao Paulo state Governor Tarcisio Freitas to hitch his group.
Andrade was handpicked by right-wing President Jair Bolsonaro and took the helm of the agency in June, after three of his predecessors left following clashes with Bolsonaro over Petrobras’ gas pricing coverage.
Reporting by Marta Nogueira, Rodrigo Viga Gaier, Sabrina Valle
Writing by Peter Frontini
Modifying by Gabriel Stargardter
Modifying by Chris Reese
Our Requirements: The Thomson Reuters Belief Ideas.
