Brazilian judge suspends Petrobras board chair, Pietro Sampaio Mendes, due to conflict of interest and non-compliance.
A Brazilian judge has suspended Petrobras' board chair, Pietro Sampaio Mendes, due to a conflict of interest regarding his role in the Ministry of Energy. The court cited other alleged non-compliance issues, including the lack of use of a recruitment agent during Mendes' appointment. This suspension follows the recent suspension of another board member, Sergio Machado Rezende, for "alleged failure to comply with company bylaws."
April 12, 2024
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