June 1, 2018 / 3:15 PM / in 10 months

Petrobras outgoing CEO says presence at company 'stopped being positive'

FILE PHOTO: Pedro Parente, President of Brazil's state-run oil company Petroleo Brasileiro SA (Petrobras), attends a news conference in Rio de Janeiro, Brazil May 8, 2018. REUTERS/Sergio Moraes/File photo

BRASILIA (Reuters) - The former Chief Executive Officer of state-controlled oil company Petroleo Brasileiro SA Pedro Parente said in his resignation letter that his presence at the company has “stopped being positive” and that he will not be an “obstacle” to alternatives under discussion by the Brazilian government.

Parente said president Michel Temer “should adhere to corporate governance rules” when choosing a new CEO.

Reporting by Lisandra Paraguassu; Editing by Chizu Nomiyama

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