The Union lost a seat on the Petrobras Board of Directors. The composition before the shareholders meeting was seven federal government representatives, three of the minority shareholders and one of the workers.
As of this Thursday (14), the federal government will have only six representatives of the group that makes strategic decisions about the future of the country’s largest state-owned company.
The loss is a consequence of a shareholder strategy. The first two seats, for which Marcelo Mesquita and Francisco Petros were elected, were voted separately.
For the other posts, multiple voting was opened, when holders of voting shares can ‘unload the chips’ in specific names and, therefore, are not obliged to divide votes by seat. The federal government held back the chips for the last seats and, therefore, ended up with only six seats.
The meeting also approved the name of José Mauro Coelho to compose the Board of Directors of Petrobras and, consequently, fulfill the last formal requirement to become president of the state-owned company.
The chemist and materials engineering specialist was appointed after a double setback by the federal government: the withdrawal of Adriano Pires and the refusal of Decio Oddone, former president of the National Petroleum Agency (ANP).
Plan C, Coelho became a ‘homemade solution’, he is a man trusted by the Minister of Mines and Energy, Bento Albuquerque. He was also Secretary of Petroleum, Natural Gas and Biofuels between April 2020 and October 2021.
The state-owned company’s general meeting began at 3 pm on Wednesday (13). In dispute, 10 of the 11 seats of the Board of Directors were placed. The workers’ representative, Rosangela Buzanelli, started the afternoon with a guaranteed chair.
The federal government indicated 8 names, being able to keep 5 to 8 seats. Minority shareholders indicated 7 names, being able to occupy 2 to 5 seats. The current composition of the board has 7 nominees from the Union and 3 representatives from the other shareholders.
The Petrobras Board of Directors has the objective of approving rules of complianceevaluate the performance of technical groups, decide the direction on the risks that the company will assume, request internal audits on Petrobras’ activities, analyze goals, business plan and strategies and review the state’s policies.
Earlier, the government removed from the Assembly’s agenda a change that would shield the Governance and Compliance Directorate. The suggested proposal provided that this member of the state-owned company’s board could only be hired or fired with 2/3 votes on the Board of Directors.
Currently, it is only necessary to have more than 50% of the votes. The idea, rejected for now by the Union, could take away powers to command the person responsible for the internal inspection of the company. The position was created by former president Pedro Parente, in the midst of Operation Car Wash. The information was provided by the analyst of CNNThais Heredia.
The shareholders’ meeting also aimed at composing the Fiscal Council, approving the allocation of the record profit for 2021 and setting the remuneration of the company’s president and directors, recurring topics in the meetings and that follow the rite of the company that has publicly traded capital. .
The meeting of the Board of Directors that should formally elect José Mauro Coelho to the presidency will be held this Thursday (14). The meeting of the new council does not yet have a time, as well as the inauguration of the new president, which is scheduled for the afternoon.
The following were appointed to the Board of Directors:
Nominated by the government:
1- José Mauro Ferreira Coelho (nominated for President of Petrobras)
2- Márcio Andrade Weber (nominated for Chairman of the Board)
3- Murilo Marroquim de Souza
4- Carlos Eduardo Lessa Brandão
5- Luiz Henrique Caroli
6- Eduardo Karrer
7- Ruy Flaks Schneider
8- Sonia Julia Sulzbeck Villalobos (representative of the Ministry of Economy)
Appointed by minority shareholders:
1- José João Abdalla Filho (nominated by Banco Clássico)
2- Rodrigo de Mesquita Pereira (nominated by Banco Clássico)
3- Daniel Alves Ferreira (nominated by Banco Clássico)
4- Marcelo Gasparino da Silva (nominated by Banco Clássico)
5- Ana Marta Horta Veloso (nominated by Navi Capital Administradora e Gestora de Recursos Financeiros Ltda)
6- Francisco Petros (nominated by Magnus Barbagallo Gomes de Souza and Hassan Jorge Mourani Filho)
7- Marcelo Mesquita de Siqueira Filho (nominated by Navi Capital Administradora e Gestora de Recursos Financeiros Ltda., Távola Capital Gestão de Recursos Ltda, Kapitalo Investimentos LTDA and Kapitalo Ciclo Gestora de Recursos Financeiros LTDA)
Source: CNN Brasil
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