Petrobras president Maria das Graças Silva Foster has been voted best Latin America CEO in the oil, gas and petrochemical sector, according to Institutional Investor magazine’s 2013 ranking. Graça Foster was chosen by both sell-side (brokers) and buy-side (investors) analysts. Sell-side analysts also voted Petrobras the company with the best investor relations in its listing of ‘Best Investor Relations Companies’.
To prepare the 2013 ranking, the magazine listened to buy-side analysts, portfolio managers and sell-side analysts who cover Latin America. Interviewees could vote for up to four CEOs, CFOs and investor relations professionals from different sectors. The votes were aggregated to produce two classifications: buy-side and sell-side. Brazil was the country with the highest number of companies mentioned in the survey: 65. Mexico was in second place with 17. The results reflect the opinions of 395 investment managers and professionals from 250 institutions, and 417 sell-side analysts from 37 investment brokers.
Institutional Investor is a North American organization considered the number one publisher on international financial market matters. In addition to the magazine, it produces newsletters, newspapers, books, surveys and rankings, and also provides an information service.