Petrobras Shareholders Elect CEO-in-Waiting to Board after Weeks of Turmoil

Kamis, 14 April 2022 | 13:25 WIB
Petrobras Shareholders Elect CEO-in-Waiting to Board after Weeks of Turmoil
[ILUSTRASI. FILE PHOTO: A worker walks inside the Brazil's Petrobras P-66 oil rig in the offshore Santos Basin in Rio de Janeiro, Brazil September 5, 2018. REUTERS/Pilar Olivares/File Photo]
Reporter: Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - RIO DE JANEIRO, April 14 (Reuters) - Shareholders in Brazil's Petrobras have elected José Mauro Coelho to the firm's board, according to a source with direct knowledge of the matter, paving the way for the government technocrat to take the helm of the state-run oil company.

The key issue at Petrobras' annual shareholders' meeting, which began on Wednesday afternoon and was still ongoing as of early Thursday morning, was the election of the company's 11 board members. Under company statutes, the chief executive must be on the firm's board.

Petrobras had previously stated that its board of directors would meet to formalise Coelho's elevation to the chief executive position in the event of his successful board election.

Since the government, with a controlling stake in Petrobras, tapped Coelho, his ascent was widely expected. He had also won supporters among other shareholders with statements supporting free-market policies, such as pegging domestic fuel prices to international crude prices rather than subsidising fuel for Brazilians.

Baca Juga: Tencent to Block Chines Gamers' Access to Foreign, Unapproved Games

A more contentious issue was the remainder of the board.

The government held seven seats going into the meeting, market investors had three representatives and company workers had one.

Market shareholders successfully increased their representation to four at the meeting, said the source, who accompanied the proceedings, but declined to be identified as the event was closed to press. As a result, the government is now down to six representatives.

Petrobras did not immediately respond to a request for comment regarding the results of the board election.

Baca Juga: South Korea's Central Bank Unexpectedly Raises Rates as Prices Surge

Winning an extra seat will increase market shareholders' say on the board, but analysts are split on the ultimate significance of the body's composition, given that the government retains a majority by statute.

This is an election year, and many Brazilians have demanded that Petrobras limit price increases for gasoline and diesel, which have soared recently.

President Jair Bolsonaro announced in March that he would replace Petrobras CEO Joaquim Silva e Luna. Read full story

The government later picked energy consultant Adriano Pires to succeed him, but Pires withdrew his name days later. On Apr. 6, the government announced Coelho as its new pick.

Bagikan

Berita Terbaru

Gelar Stock Split 1:10, Simak Rekomendasi Saham PTRO
| Jumat, 08 November 2024 | 10:04 WIB

Gelar Stock Split 1:10, Simak Rekomendasi Saham PTRO

PTRO terafiliasi dengan konglomerat Prajogo Pangestu mengumumkan rencana pemecahan nilai nominal saham alias stock split.

Bursa Lesu, Emiten Pilih Pinjaman Bank
| Jumat, 08 November 2024 | 09:41 WIB

Bursa Lesu, Emiten Pilih Pinjaman Bank

Kondisi pasar modal yang masih lesu membuat emiten cenderung memilih pendanaan lewat fasilitas perbankan. 

Dua Pabrik Prekursor Nikel di Indonesia Akan Ekspor Perdana ke AS dan Eropa di 2025
| Jumat, 08 November 2024 | 09:00 WIB

Dua Pabrik Prekursor Nikel di Indonesia Akan Ekspor Perdana ke AS dan Eropa di 2025

Septian Hario Seto Anggota Dewan Ekonomi Nasional (DEN) menyebut prekursor yang diekspor dari Indonesia telah melewati sertifikasi.

Perlambatan Ekonomi Nasional
| Jumat, 08 November 2024 | 08:10 WIB

Perlambatan Ekonomi Nasional

Fundamental ekonomi Indonesia serta daya beli masyarakat perlu diperkuat untuk bisa menjaga laju ekonomi.

Menyorot Perubahan Indeks MSCI Terbaru
| Jumat, 08 November 2024 | 08:05 WIB

Menyorot Perubahan Indeks MSCI Terbaru

PT Avia Avian Tbk (AVIA) masuk ke dalam indeks MSCI Indonesia Small Cap, sedangkan dua BTPS dan SCMA keluar dari MSCI 

Banyak Tantangan, Kinerja Emiten Perikanan Tertekan
| Jumat, 08 November 2024 | 07:50 WIB

Banyak Tantangan, Kinerja Emiten Perikanan Tertekan

Permintaan di negara tujuan ekspor melemah pada akhir semester I hingga pertengahan kuartal III-2024.

Antam Bakal Beli 30 Ton Logam Emas ke Freeport
| Jumat, 08 November 2024 | 07:25 WIB

Antam Bakal Beli 30 Ton Logam Emas ke Freeport

Antam sudah menyerap emas batangan sebanyak 28 ton hingga September 2024 dari total kebutuhan sebanyak 37 ton sampai 38 ton per tahun.

Ketahanan Pangan Bakal Menjangkau Pedesaan
| Jumat, 08 November 2024 | 07:15 WIB

Ketahanan Pangan Bakal Menjangkau Pedesaan

Kementerian Desa dan Pembangunan Daerah Tertinggal sudah mengalokasikan anggaran ketahanan pangan di 2025.

Pabrikan Semen Membidik Program Rumah 3 Juta
| Jumat, 08 November 2024 | 07:10 WIB

Pabrikan Semen Membidik Program Rumah 3 Juta

Dalam hitungan Asosiasi Semen Indonesia (ASI), program 3 juta rumah mendatangkan tambahan kebutuhan semen sekitar 5,8 juta ton.

Transaksi Judi Online  Kian Mengkhawatirkan
| Jumat, 08 November 2024 | 07:05 WIB

Transaksi Judi Online Kian Mengkhawatirkan

Di semester I-2024 total transaksi judi Rp 117,50 triliun dan sudah menembus Rp  283 triliun saat ini.

INDEKS BERITA

Terpopuler