Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$79.10	Nxwx	Hmftschd

Petrobras Changes CEOs…Again; Increasing FVE, but Risk of Government Intervention Increasing

Allen Good

May 25, 2022

Petrobras announced it received a letter from the Ministry of Mines and Energy requesting an extraordinary general meeting to replace CEO Jose Mauro Ferreira Coelho, who was just elected in April. He is to be replaced by Caio Mario Paes de Andrade, who currently is special secretary for debureaucratization and has previous experience in information technology, real estate, and agribusiness as an entrepreneur.

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