People: Petroleo Brasileiro Petrobras SA (PBR)

Mr. Guido Mantega has served as Chairman of the Board of Directors of Petroleo Brasileiro Petrobras SA since March 19, 2010. Prior to that, he served as a Member of the Board of Directors of the Company since April 3, 2006, as Representative of the Controlling Shareholder. He was Member of the Workers’ Party’s (PT) Economic Program Coordination for the 1984, 1989, 1998 and 2002 presidential elections, and has been Brazil ex-President Luiz Inacio Lula da Silva's Economic Advisor since 1993. He has published articles in magazines such as Revista de Economia Politica, Estudos CEBRAP, and Teoria em Debate. He was Minister of Planning, Budget, and Management until November 18, 2004, when he became President of the Development Bank (BNDES). On March 28, 2006, he took over the position of Minister of the Treasury and, on April 3, 2006, he was elected Member of the Board of Directors of the Company and Petrobras Distribuidora SA. He was Professor of Economics at Fundacao Getulio Vargas (FGV)’s School of Business Administration, hired in 1981. He graduated from Universidade de Sao Paulo (USP) with a Doctorate in Philosophy degree in Sociology in 1977 and from Universidade de Sao Paulo (USP) with a degree in Economics in 1971.