Petrobras Provides Details About Executive Dismissals

(Petrobras, 10.Jan.2019) — Petrobras, following up on the press release of Jan. 4, 2019 and Jan. 7, 2019, informs that its Board of Directors approved the dismissals of Mrs. Solange da Silva Guedes, on Jan. 20, 2019, from the position of Chief Exploration and Production Executive Officer and Mr. Hugo Repsold Júnior, on Jan. 12, 2019, from the position of Chief Technology and Production Development Executive Officer.

Mr. Rafael Salvador Grisolia, Chief Financial and Investor Relations Executive Officer, will hold temporarily the positions of Chief Exploration and Production Executive Officer and of Chief Strategy, Organization and Management System Executive Officer; and Mr. Eberaldo de Almeida Neto, Chief Corporate Affairs Executive Officer, will hold temporarily the position of Chief Technology and Production Development Executive Officer, in addition to the position of Chief Refining and Natural Gas Executive Officer that he has also been holding temporarily. Both cases without prejudice to their other functions, for a period of 90 days or until the Board deliberates on the new Officers for these positions.

The nominees already announced as the new Officers – Anelise Quintão Lara as Chief Refining and Natural Gas Executive Officer, Carlos Alberto Pereira de Oliveira as Chief Exploration and Production Executive Officer, Lauro Cotta as Chief Strategy, Organization and Management System Executive Officer, and Rudimar Andreis Lorenzatto as Chief Technology and Production Development Executive Officer – are following the company’s internal corporate governance procedures for analysis by the Nominating, Compensation and Succession Committee and deliberation of the Board of Directors.

The company reiterates its appreciation for the dedication of Ms. Solange da Silva Guedes and Mr. Hugo Repsold Júnior in their work at Petrobras.

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