Brazil: Caio de Andrade, nominee to take over Petrobras

The federal government announced a new invitation for the presidency of the state-owned company; the nominee is a special secretary of the Ministry of Economy.

RIO DE JANEIRO, BRAZIL - On May 23, the Brazilian federal government announced an invitation for the entrepreneur Caio Mario Paes de Andrade, special secretary for Debureaucratization, Management, and Digital Government of the Ministry of Economy, to assume the presidency of Petrobras.

Andrade is an entrepreneur in the information technology and real estate market and was previously quoted to be the oil company president. However, Mines and Energy Minister Bento Albuquerque chose Adriano Pires for having experience in the . . .

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