Former Petrobras CEO Appointed Nubank Member

(Reuters, 1.Jul.2019) — Brazilian financial startup Nubank has appointed former Petroleo Brasileiro SA’s Chief Executive Ivan Monteiro as a member of its risk committee and finance consultant, it said on Monday in a statement.

Monteiro’s hiring comes at a time that Nubank is broadening its product offering beyond credit cards and also expanding from Brazil to Mexico and Argentina.

Monteiro joined Petrobras, as the oil company is known, in 2015 as chief financial officer and was tapped as CEO in June 2018. In February, he joined Brazilian food processor BRF SA as CFO, but three months later he resigned, mentioning health issues at the time.

Nubank, which has currently 7 million clients, has raised $420 million in seven financing rounds. (Reporting by Carolina Mandl; editing by Jonathan Oatis)

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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