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Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

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Summary

Name Age Since Current Position

Eduardo Ferreira

67 2019 Chairman of the Board

Roberto da Cunha Castello Branco

75 2019 Chief Executive Officer, Director

Andrea de Almeida

2019 Chief Financial and Investor Relations Officer

Rudimar Lorenzatto

54 2019 Chief Technology and Production Development Executive Officer

Roberto Ardenghy

Chief Institutional Relations Executive Officer

Eberaldo de Almeida Neto

56 2019 Chief Corporate Affairs Executive Officer

Marcelo de Castro

Chief Governance and Compliance Executive Officer

Carlos de Oliveira

62 2019 Chief Exploration and Production Executive Officer

Anelise Lara

58 2019 Chief Refining and Natural Gas Executive Officer

Clarissa de Araujo Lins

52 Independent Director

Danilo Ferreira da Silva

37 2018 Independent Director

Walter Mendes de Oliveira

2016 Independent Director

Marcelo Mesquita de Siqueira

49 2016 Independent Director

Joao Neto

56 2019 Independent Director

Sonia Villalobos

56 2018 Independent Director

Ana Zambelli

46 Independent Director

Nivio Ziviani

73 2019 Independent Director

Biographies

Name Description

Eduardo Ferreira

Mr. Eduardo Bacellar Leal Ferreira is Chairman of the Board of the Company. Mr. Leal Ferreira has been a member of our board of directors since January 2019. He is a Fleet Admiral and was the Commander of the Brazilian Navy until January 2019. Before he held this post, Mr. Leal Ferreira served in the navy for 48 years in many different positions, having been the Commander in Chief of the Navy Fleet and the Commander of Brazil’s National War College. He was Director of the Ports and Coasts area of the Brazilian Navy which is responsible for the technical supervision of maritime safety of all vessels in operation in Brazil, including platforms and support vessels. He was also an instructor at the US Naval Academy, Annapolis, in the United States. Mr. Leal Ferreira was trained at the Brazilian Naval School, the Brazilian Naval War College, and the Naval War College of Chile.

Roberto da Cunha Castello Branco

Mr. Roberto da Cunha Castello Branco is Chief Executive Officer, Director of the Company. He holds a bachelor's degree in economics, with a doctorate from Fundação Getulio Vargas (FGV EPGE) and a postdoctoral degree from University of Chicago. He participated in executive training programs at Sloan School of Management (MIT) and International Institute for Management Development (IMD). He is affiliated professor at EPGE (FGV), also acting as director at Centro de Estudos em Crescimento e Desenvolvimento Econômico in this institution. He was a director at Vale S.A., Banco Central do Brasil, Banco Boavista, Banco Boavista Investimentos and Banco InterAtlântico. He was a member of Petrobras´ Board of Directors between May 2015 and April 2016, GRU Airport and Invepar, as well as a member of the Board of Directors of ABRASCA, Director of the American Chamber of Commerce (RJ) and a member of the Board of Directors of IBEF and Board of Curators of FGV. He was president of the Instituto Brasileiro de Relações com Investidores, executive president of IBMEC and vice president of the Brazil-Canada Chamber of Commerce. He has published articles in academic journals and widely circulated newspapers and has lectured at conferences held in Brazil and abroad (USA, UK, Canada, Hong Kong, Shanghai, Singapore and Sydney). Author of the book " Crescimento acelerado e o mercado de trabalho: a experiência Brasileira” (Accelerated growth and the labor market: the Brazilian experience).

Andrea de Almeida

Ms. Andrea Marques de Almeida is Chief Financial and Investor Relations Officer of the Company. She is a Production Engineer, with an MBA in Finance from IBMEC-RJ and an MBA in management from USP, as well as management courses at the Wharton School of Finance and Sloan School of Management (MIT). Worked in Vale S.A. for 25 years with extensive experience in Corporate Finance, Global Treasury and Risk Management. She was CFO of Vale Canada in Toronto from 2015 to 2018, most recently holding the position of Global Treasury Executive Manager at Vale.

Rudimar Lorenzatto

Mr. Rudimar Andreis Lorenzatto is Chief Technology and Production Development Executive Officer of the Company. Mr. Lorenzatto has been our Chief Production Development and Technology Officer since January 31, 2019. He joined Petrobras in 1987 and since 1995, has held management positions in several areas as Offshore Wells, Production Operations and Subsea Systems. Between 2013 and 2019, he was Executive Manager of Offshore Wells Construction and Subsea Systems. Between 2008 and 2012, he was General Manager of Technical Support for Production and Development in the International Business Area. Between 2007 and 2008, he was Production Process Manager (Upstream Basic Engineering) at our R&D Center (CENPES). Between 1995 and 2007, he held various management positions in the Exploration and Production Area (Manager of Well Evaluation and Completion Equipment, Operation Manager of P-19 Platform in Marlim Field, and Asset Manager (South and Marlim Fields) in Campos Basin. Mr. Lorenzatto graduated in Civil Engineering from the Universidade Federal de Santa Maria (RS) in 1987. He completed a specialization in Petroleum Engineering at Petrobras University in 1989. He also holds MBAs from the Fundação Getúlio Vargas (FGV),Columbia University (USA), and a degree from the Advanced Management Program from INSEAD(France). Between 2012 and 2013, he also worked as a lecturer in the of Production Development field of the Post-Graduation in Oil and Gas program at the Universidade Federal do Rio de Janeiro – UFRJ.

Roberto Ardenghy

Mr. Roberto Furian Ardenghy is Chief Institutional Relations Executive Officer of the Company. He holds a B.A. in Law from the Federal University of Santa Maria and holds graduate degrees in International Relations and Diplomacy, from the Diplomatic Academy of Rio Branco Institute, and Economics of Oil and Gas, from COPPE at the Federal University of Rio de Janeiro. Along his professional diplomatic career, he has held a number of positions in the Federal Government in Brasília, in the Civil Affairs of the Presidency of the Republic and in the Ministries of Foreign Affairs, Justice, Development, Industry and Trade, the Federal Administration Secretariat and the Brazilian Embassies in Washington and Buenos Aires. In the period from 2002 to 2007, worked as Chief of Staff, President of the Ethics Committee and Head of Downstream at the National Petroleum Agency - ANP. From 2007 to 2011, he served as Corporate Relations Manager at BG E&P Brasil. He was a member of the Upstream Committee of the Brazilian Petroleum Institute and Director of the American Chamber of Commerce of Rio de Janeiro - AmCham Rio. Roberto Ardenghy was a deputy professor of International Law at the Cândido Mendes School, Ipanema Campus, and for the graduate courses in oil at the Brazilian Petroleum Institute and the COPPE-Federal University of Rio de Janeiro. He returned to the Federal Government in 2012 and was transferred to Houston as Deputy Consul General and Head of the Department of Trade and Investments Promotion. He was also Honorary President of the Brazil-Texas Chamber of Commerce (BRATECC) and Deputy Consul General at the Brazilian Consulate General in New York from May 2017 to January 2019. Since then, he has held the position of Chief of Staff of the CEO Office at Petrobras.

Eberaldo de Almeida Neto

Mr. Eberaldo de Almeida Neto is Chief Corporate Affairs Executive Officer of the Company. He holds a degree in Electrical Engineering from UFRJ, an MBA in Advanced Business Management from COPPEAD, and took the Advanced Management Program at the IESE Business School (University of Navarra - Spain). He has been working at Petrobras for 31 years, and has held several management positions in the Exploration and Production and Submarine Services and Contracting areas. Before being appointed to the Board of Executive Officers, he held the position of executive manager of Good and Service Procurement.

Marcelo de Castro

Mr. Marcelo Barbosa de Castro, Zenkner is Chief Governance and Compliance Executive Officer of the Company. He holds a BA. in Law from the Federal University of Juiz de Fora (UFJF), specializing in Civil Procedural Law from the Catholic University of Petrópolis (UCP), Master in Fundamental Constitutional Rights and Guarantees from the School of Law of Vitória (FDV) and PhD. in Public Law, from the Universidade Nova de Lisboa (FDUNL). He worked as Public Prosecutor, member of the Prosecution Service of the State of Espírito Santo from 1997 to January 2019, where he held multiple roles in the fight against corruption and organized crime. Up until April 2016, he held the position of Secretary of State for Control and Transparency of the State of Espírito Santo, the first state in Brazil to create an administrative structure and to apply administrative sanctions based on the Corporate Anti-Corruption Law and awarded by the Office of Comptroller General with first place in compliance with the access to Information Law (2015) and by the Federal Prosecution Service with first place in the ranking of the best transparency websites in Brazil (2015). Since February 2019, he has held the position of CEO Consultant and member of the Petrobras Disciplinary Actions Committee, an internal body of the company's Integrity System and directly linked to the Board of Directors. Marcelo Zenkner is an associate professor at the Vitória Law School (FDV), in addition to performing academic activities in other foreign and local institutions, including the Universidade Nova de Lisboa (FDUNL) and the Getúlio Vargas Foundation (FGV), among others. He has published several books and received awards such as “Top of Mind 2016” - Public Authority by LEC - Legal, Ethics and Compliance.

Carlos de Oliveira

Mr. Carlos Alberto Pereira de Oliveira is Chief Exploration and Production Executive Officer of the Company. Mr. Oliveira has been our Chief Exploration and Production Officer since January 2019. Mr. Oliveira joined Petrobras in 1981 and has held various positions since then. He was our General Manager of E&P Integrated Asset Management from 2016 to January 2019, Executive Manager of Strategy and Organization in 2016, Executive Manager of Production Development Projects from 2013 to 2016, Executive Manager of E&P Investment Management Programs in Drilling Rigs and Stationary Production Units from 2012 to 2013, Executive Manager of Technical Support for International Affairs from 2008 to 2012, Director of Exploration and Production of Oil and Gas in Petrobras Energia S.A. from 2003 to 2008, Executive Manager of E&P Corporative from 1999 to 2003, General Manager of Reservoirs from 1998 to 1999. Mr. Oliveira graduated with a degree in Mechanical Engineering from the Instituto Militar de Engenharia do Rio de Janeiro – IME, and with a degree in Business Management from Universidade Federal do Rio de Janeiro – UFRJ. He holds a postgraduate degree in oil engineering and a master’s degree in finance and investments from Pontifícia Universidade Católica do Rio de Janeiro – PUC-RJ. Mr. Oliveira also completed a course in Petroleum Finance and Accounting at the University of Texas, in the United States.

Anelise Lara

Mrs. Anelise Quintao Lara is Chief Refining and Natural Gas Executive Officer of the Company. Mrs. Lara has been our Chief Refining and Natural Gas Officer since March 2019. She joined Petrobras in 1986 and has held various positions since, including Executive Manager for Acquisitions & Divestments between April 2016 and March 2019. Prior to that, Mrs. Lara was the Joint Project Team Director for the Libra Consortium, ruled by the first Production Sharing Contract in Brazil. She has managed several activities related to exploration and production, including in reservoir technology, reservoir engineering, subsurface studies, and production development projects for deepwater fields. Mrs. Lara earned a Bachelor of Science degree in chemical engineering and an Master of Science degree in petroleum engineering from Universidade Federal de Ouro Preto in Minas Gerais, Brazil, as well as a PhD in Earth Sciences from Université Pierre et Marie Curie (Paris 6), France. She also completed the “Top Management Executive MBA” program at the Universidade Federal do Rio de Janeiro/COPPEAD Graduate School of Business.

Clarissa de Araujo Lins

Ms. Clarissa de Araujo Lins is Independent Director of the Company. She is a founding partner of Catavento, a consulting firm specializing in strategy and sustainability. She stands out for the mapping of global trends, strategic vision and articulation with relevant players, with focus on the impact of energy transition and climate change in businesses. Moreover, Clarissa is executive officer of the Brazilian Institute of Petroleum, Gas and Biofuels - IBP (April/2016) and an independent member of Vale's Sustainability Committee, a statutory body advising the Board of Directors (May/2017). She is also a fellow of the Energy and Infrastructure Centers of the Brazilian Center for International Relations - CEBRI (July/2017). Clarissa was a member and chair of the independent external committee of Royal Dutch Shell (2012-2015) - External Review Committee, focusing on sustainability and long-term strategy. Clarissa was Executive Officer of the Brazilian Foundation for Sustainable Development - FBDS, where she led the corporate sustainability area (2004/2013). At Petrobras, she was Executive Manager of Corporate Strategy and adviser to the CEO (1999/2002), when she led the strategic planning process of the Company. She was special adviser to the CEO of the National Development Bank - BNDES (1995/99) and adviser to the economic team in the Ministry of Finance (1993/1994) during the design of the Real Plan. She was also a member of the Board of Directors of Grupo Technos' holding company (2008/2011). She took the training course for IBGC (2015) board members. Clarissa holds a bachelor’s degree in economics from the Pontifical Catholic University of Rio de Janeiro - PUC Rio, and a master's degree in economics from the same university. Clarissa Lins is a member of Petrobras' Board of Directors, Chair of the Committee on Safety, Environment and Health, member of the Strategic Committee and the Communication and Social Responsibility Committee, and a permanent guest of the Financial Committee.

Danilo Ferreira da Silva

Mr. Danilo Ferreira da Silva is Independent Director of the Company. He holds a degree in Social and Legal Sciences (Law) from Pontifícia Universidade Católica (“PUC”) - Campinas, an MBA in Financial Management from Fundação Getúlio Vargas (“FGV”), with extension by Ohio University, and a Global Executive MBA from the University Institute of Lisbon in partnership with FGV. He currently attends a degree in Pedagogy at Univesp. He joined Petrobras in 2003 as a maintenance technician at Refinaria de Paulínea (Replan), where he accompanied the implementation of large industrial projects. At Fundação Petrobras de Seguridade Social (Petros), he served as a Deliberative Counselor (2011- 2012), Advisor to the Presidency (2013-2015) and Chief Financial Officer (2015-2016). He served as a member of the Board of Directors of the following institutions: Fras - Le (2014- 2015), Invepar (2015-2016), Iguatemi Shopping Centers (2016-2018), Totvs (2015-2017). He is currently working in engineering area and operational technical support at Replan, a Petrobras refinery.

Walter Mendes de Oliveira

Mr. Walter Mendes de Oliveira, Filho is Independent Director of the Company. He holds a degree in Economics from USP and post-graduation degree from PUC-SP, with most of his professional career in positions related to investment management, such as: Head of Investment Research at Unibanco; Head of Schroder Investment Management Brazil and Latin America Executive Officer at Schroder Investment Management Plc.; Equities Superintendent at Banco ltaú; Managing Partner of Cultinvest Asset Management and Executive Officer of the Acquisitions and Mergers Committee. In 2016, he was appointed CEO of Petros - Fundação Petrobras de Seguridade Social and in 2018 he took over his current position as chairman of Funcesp - Fundação CESP. He was a Member of the Board of Directors of Petrobras, elected by the minority shareholders, where he headed the Statutory Audit Committee. He also held the position of Member of the Board of Directors at ltausa, lnvepar and Santa Helena. He was CEO at AMEC - Capital Market Investors Association, where he currently chairs the Deliberative Board. He was Chairman of APIMEC Investment Analysts Supervisory Committee. He is currently member of the Board of the Acquisitions and Mergers Committee and of the Deliberative Board of ABRAPP - Brazilian Association of Closed Entities of Complementary Pension Plans.

Marcelo Mesquita de Siqueira

Mr. Marcelo Mesquita de Siqueira, Filho is Independent Director of Petroleo Brasileiro S.A. - Petrobras. He has 27 years of experience in the Brazilian stock market. He is a founding partner of Leblon Equities, a fund management company focused on Brazilian stocks, created in 2008, and co-manager of equity and private equity funds. He has previously worked for 10 years at UBS Pactual (1998-2008) and 7 years at Banco Garantia (1991-1998). At UBS Pactual, he was co-responsible for the Capital Markets area (07-08), co-responsible for the equity area (05-07), responsible for the Business Analysis and Strategist area (98-06). At Banco Garantia, he was a commodities company analyst (91-97) and Investment Banker (97-98). Since 1995 Marcelo has been considered by investors as one of the main Brazilian analysts according to several researches made by the Institutional Investor magazine. He was ranked "# 1 Brazil Analyst" in 2003-2006 (#3 in 2002, #2 in 2001 and #3 in 2000). Marcelo was also voted "# 1 Stocks Strategist in Brazil" by the "Institutional Investor Magazine Brazil Survey" in 2005, 2004 and 2003. Marcelo is 48 years old, holds a B.A. in Economics from PUC-RJ, in French Studies from the University of Nancy II and OPM from Harvard. Marcelo is a member of the Board of Directors of Petrobras (where he also chairs the Minority Committee/COMIN and is a member of the Financial Committee/COFIN and the Communication and Social Responsibility Committee/CCRS), BR Home Centers and Tamboro. He has a CPA-20 certification.

Joao Neto

Mr. Joao Cox Neto is Independent Director of the Company. Mr. Cox has been a member of our board of directors since January 2019. He is an economist with a specialization in petrochemical economics. He has had a prolific career as an executive, having served as President of Telemig Celular and President of Claro, and in other distinguished positions. Mr. Cox has vast experience as a member of the board of directors of various companies including Tim Brasil, where he is the chair of the board, Tim Participações, Embraer, Linx and Braskem. Mr. Cox received a degree from the University of Oxford, in the United Kingdom.

Sonia Villalobos

Ms. Sonia Julia Sulzbeck Villalobos is Independent Director of the Company. She has 33 years of experience in the Brazilian stock market, being the first in South America to receive the CFA accreditation in 1994. Sonia worked from 1985- 1987 in the DTVM Team, and from 1987-1989 at Banco Iochpe as an investment analyst. From 1989-1996 at Banco Garantia as Head of the Investment Analysis Department, when she was voted best analyst in Brazil by the Institutional Investor Magazine in 1992, 1993 and 1994. She worked from 1996-2002 at Bassini, Playfair & Associates as Private Equity Officer in Brazil, Chile and Argentina. From 2005-2011 at Larrain Vial as fund manager. From 2012-2016 at Lanin Partners as founding partner and equity fund manager in Latin American. Since 2016 she has been a professor at Insper in the Lato Sensu postgraduate course, in asset management and financial statement analysis subjects. As of May 2016, she has been a member of the Board of Directors of Telefônica do Brasil, elected by the preferred shareholders. As of May 2018, she has been a member of the Board of Directors and the Statutory Audit Committee of Petrobras, and as of August 2018 she has been a Member of the Board of Directors of LATAM Airlines Group S.A. In the past, she was a member of the Board of Directors of TAM Linhas Aéreas, Método Engenharia (Brazil), Tricolor Pinturas and Fanaloza/Briggs (Chile), Milkaut and Banco Hipotecario (Argentina). Sonia has a B.A. in Public Administration from EAESP-FGV and a master's degree in Business Administration specialized in finance from the same EAESP-FGV.

Ana Zambelli

Ms. Ana Lucia Pocas Zambelli is Independent Director of the Company. She holds a B.S. in Mechanical Engineering from the Federal University of Rio de Janeiro, a master's degree in Petroleum Engineering from Heriot Watt University (Scotland) and a postgraduate degree in Leadership, Strategy, Innovation and Technology from the MIT - Massachusetts Institute of Technology (USA). She served as a member of the Board of Directors of Alcoa Latin America (2012 to 2014), as Senior Commercial Vice President of Maersk Drilling (2015 to 2017), Submarine Operations Vice President, South America CEO at Transocean (2012 to 2015) and Brazil CEO at Schumberger (2007 to 2011). Mrs. Ana Lúcia Poças Zambelli is a member of the Petrobras Board of Directors, Chairman of the Financial Committee and member of the Nomination, Compensation and Succession Committee, the Strategic Committee and the Communication and Social Responsibility Committee.

Nivio Ziviani

Mr. Nivio Ziviani is Independent Director of the Company. Mr. Ziviani has been a member of our board of directors since March 2019. He is emeritus professor at UFMG. He has also been a member of the Brazilian Academy of Sciences since 2007, and of the Ordem Nacional do Mérito Científico in the Comendador class (2007) and the Grã-Cruz class (2018). Mr Ziviani has also been a member of the boards of directors of Parque Tecnológico da Cidade de Belo Horizonte since 2017 and Kunumi since 2016. At UFMG, he was a Member of the Research Chamber (1992-1995), CEPE (1992-1995), the University Council (1998-1999) and the FUNDEP Curator Council (1999-2001). At CNPq, he was the coordinator of the Advisory Committee on Computer Science (1991-1993, 1999-2001) and a member of the Multidisciplinary Articulation Committee (2000-2001). He is a Level 1A Productivity Fellow at CNPq, author of five books in the field of Algorithm Design and co-author of over 180 technical articles in the areas of algorithms, information retrieval, and machine learning. Mr. Ziviani has trained more than 60 masters and doctoral students. An entrepreneur, he co-founded four startups: (1) Miner, established in 1998, the first Brazilian search engine, acquired by Grupo Folha de São Paulo/UOL in 1999; (2) Akwan, a search engine created in 2000 and acquired by Google Inc. in 2005—an acquisition from which Google created a R&D center for Latin America, located in Belo Horizonte; (3) Neemu, a search and price comparison company established in 2010 and acquired by Linx in 2015; (4) Kunumi—established in 2016 and which produces machine learning knowledge technology. Mr. Ziviani holds a bachelor’s degree in mechanical engineering from UFMG, a master’s in information technology from PUC-Rio and a PhD in computer science from the University of Waterloo.