|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||11.20 - 11.84|
|52-week range||11.20 - 11.84|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||2.62|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The board of directors of Brazil's Petrobras elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion. Andrade, a former economy ministry official, was also voted onto the company's board ahead of his election as CEO, the company said in a securities filing, a move required under Petrobras bylaws. Andrade had been tapped by Brazilian President Jair Bolsonaro last month to run the firm and is set to replace Chief Exploration and Production Officer Fernando Borges, who took over as interim CEO after Jose Mauro Coelho resigned earlier this month.
The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was approved by the eligibility committee on Friday, a key step for him to take the reins of the company. The minutes of the meeting, published by Petrobras on Saturday, showed the committee had asked Andrade about the company's pricing policy, a topic that helped bring down three CEOs during Bolsonaro's tenure as price hikes created tensions with the far-right leader.
(Bloomberg) -- Former President Luiz Inacio Lula da Silva saw his lead over incumbent Jair Bolsonaro grow to 17 percentage points in a possible second round, the widest in five months, according to a new poll carried out after the latest fuel price increase in Brazil. Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsSwitzerland Imports Russian Gold for First Time Since WarStocks Snap Rally as Recessi