Brazil's Petrobras to name Parente as CEO on Monday
BRASILIA May 20 (Reuters) - The board of Brazil's state-run oil producer Petroleo Brasileiro SA will meet on Monday to formalize the nomination of Pedro Parente as chief executive, replacing Aldemir Bendine, according to a securities filing on Friday.
Parente, a 63-year-old engineer and one-time chief of staff to former President Fernando Henrique Cardoso, was appointed by interim President Michel Temer as Petrobras faces a financial crisis brought on by low world oil prices, crippling debt and a massive corruption scandal. (Reporting by Silvio Cascione)
© Thomson Reuters 2017 All rights reserved.