Petrobras appoints interim CEO after resignation of predecessor

SÃO PAULO: Brazilian oil company Petróleo Brasileiro SA has appointed Ivan Monteiro, the company's CFO, as acting general manager amid growing concern over government meddling in the state-controlled company.

Former Chief Executive Pedro Parente resigned earlier in the day amid strong union criticism of his market-oriented pricing policy after a 10-day truckers' strike that led the government to temporarily cut and freeze the price of diesel fuel, among other things, to put an end to harmful labor action.


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