Petrobras CEO candidate pulls nomination

Petrobras CEO candidate pulls nomination

Corporate & Sovereign Strategy Economy & Policy Equity Brazil Energy People

Adriano Pires, an energy consultant picked to run Brazil's Petrobras, has withdrawn his nomination due to questions of a conflict of interest, according to press reports. Local newspaper O Globo first reported that Pires had pulled out, but the ministry of mines and energy denied the reports on Monday and said it had not received a statement from Pires. O Estado de S. Paulo reported later in the day that Pires had informed the president's office that he had withdrawn after federal audit court TC

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