Brazil: Another Petrobras CEO resigns, office turns into a hot seat

José Mauro Coelho leaves the state oil company after criticism and pressure from the government and Congress due to adjustments.

RIO DE JANEIRO, BRAZIL - Petrobras President José Mauro Ferreira Coelho resigned from his post on Monday (20). The announcement comes after the state-owned company readjusted prices for diesel and gasoline on Friday.

José Mauro Coelho's departure was announced at a meeting of the board of directors.

Petrobras published the resignation in a related announcement. Here is the complete statement. The appointment of an interim president will be decided by the Board of Directors.

With the departure, President Jair Bolsonaro (PL) will have appointed the fourth CEO of the state-owned company. José Mauro Coelho had been in office . . .

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