Petrobras chairman to take leave of absence

Murilo Ferreira is taking a temporary leave of absence until Nov. 30 as chairman of Petrobras, according to the Wall Street Journal, citing a company statement. Ferreira remains as CEO of mining entity Vale SA, and insiders have suggested that his leave of absence from Petrobras may be due to Ferreira disagreeing with recent board decisions.

WSJ also noted Lauro Jardim, a columnist at the Brazilian newsmagazine Veja, reported on his blog Monday that Petrobras CEO Aldemir Bendine would like to replace Ferreira at Petrobras with Luciano Coutinho, who is the president of Brazil’s state-owned development bank, BNDES – suggesting that boardroom turmoil may be brewing as Petrobras struggles to recover from a recent corruption scandal, its debt burden, and the current industry downturn.  

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