Minorities question experience of new nominee for Petrobras

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Caio Mario Paes de Andrade may not fulfill the requirements to occupy the presidency of Petrobras, assess representatives of minority directors consulted by the CNN . The economist was nominated on Monday (23) at night for the post by the federal government, which asked for the replacement of the current president, José Mauro Coelho.

The assessment of these directors is that Andrade would not have the necessary experience required by the State-owned Companies Law and by the Petrobras statute. By law, the applicant must work for ten years in the same area of ​​the company or at least four years in a company of equivalent size or in a position of trust in the public service.

Andrade built his career in the area of ​​information technology, but in startup companies. From the beginning of the Bolsonaro government, he headed the Federal Data Processing Service (Serpro) and is now the secretary for debureaucratization at the Ministry of Economy.

To complete the required four years of experience, you would also need to consider your academic career. The executive has a degree in social communication and states in his resume that he has a master’s degree in business administration abroad.

In a statement released yesterday, the Ministry of Mines and Energy states that “the nominee has all the qualifications to lead the company”.

Andrade’s name will be evaluated by the Petrobras eligibility committee, which issues an opinion recommending or not his hiring. However, it is up to the board of directors to have the final word on the appointment of the state-owned company’s president.

Recently, two nominated by the federal government to assume the presidency and the board of directors of Petrobras – Adriano Pires and Rodolfo Landim – ended up giving up their positions after being informed that the committee would not endorse their names.

In these cases, the reason was not a lack of experience in the area but a possible conflict of interest, as both had business with Petrobras competitors.

Source: CNN Brasil

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