Petrobras said on Thursday (13) that two executives appointed by the federal government to the state-owned Company's Board of Directors were deemed ineligible by the Securities and Exchange Commission (CVM).
Here is the statement from Petrobras:
"Petrobras informs that it received a letter from the Superintendence of Relations with Companies (SEP) of the Securities and Exchange Commission (CVM), in which it communicates that, considering the information available up to the present moment and in line with the understanding of the Eligibility Committee and the Board of Directors of Petrobras, it concluded for the ineligibility of the candidates Pietro . . .
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