May 20, 2016 / 12:38 PM / 2 years ago

New Petrobras CEO plans to stay on board of exchange operator BM&FBovespa

SAO PAULO, May 20 (Reuters) - The nominee for chief executive of Brazil’s state-run oil company Petroleo Brasileiro SA, Pedro Parente, plans to keep his post as chairman of exchange operator BM&FBovespa SA if the companies see no conflict of interest.

The plan, announced in a BM&FBovespa securities filing on Friday, followed news from the oil company, known as Petrobras, that its board would meet on Monday to discuss Parente’s appointment. (Reporting by Brad Haynes)

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