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It's official: Petrobras names Banco do Brasil's Bendine as new CEO

  • Petrobras (PBR -9.8%) confirms that its board has approved the election of Banco do Brasil chief executive Aldemir Bendine as its new CEO, replacing Maria das Graças Foster, who also will leave the board.
  • Investors have reacted negatively to earlier news reports of the selection of Bendine, who is perceived as too close to the government.
  • Also, Banco do Brasil CFO Ivan Monteiro is appointed as PBR's new CFO.

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Petróleo Brasileiro S.A. - Petrobras