June 1, 2018 / 8:13 PM / 5 months ago

Petrobras board approves CFO as interim CEO following Parente exit: source

RIO DE JANEIRO (Reuters) - The board of Brazil’s state-controlled oil giant Petroleo Brasileiro approved current Chief Financial Officer Ivan Monteiro to act as interim chief executive officer, a company source said on Friday.

Monteiro will replace Pedro Parente, who resigned earlier on Friday in a surprise move that wiped some $12 billion off the company’s market valuation after a national trucker strike drove the government to intervene in Petrobras’ fuel pricing policy.

Reporting by Marta Nogueira; writing by Alexandra Alper; editing by Jonathan Oatis

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