Petrobras Approves Election of José Mauro Ferreira Coelho as CEO

(Petrobras, 14.Apr.2022) — Petrobras, following up on the release disclosed on 12 April 2022, informs that its Board of Directors, in a meeting held today, elected José Mauro Ferreira Coelho to the position of CEO of the company, for a one-year term.

Below is an extract of the new executive’s resume.

José Mauro Ferreira Coelho has a degree in Industrial Chemistry from Faculdades Reunidas Professor Nuno Lisboa, a specialization in Materials Science from the National Institute of Technology (INT), a master’s degree in Materials Engineering from the Military Institute of Engineering (IME) and a doctorate in Energy Planning from the Energy Planning Program of the Federal University of Rio de Janeiro (UFRJ). After serving as an Artillery Officer in the Brazilian Army from 1983 to 1991, he joined the National Institute of Technology (INT) where he remained until 1992. Between 1993 and 1995, he worked as a researcher in Materials Engineering at the Military Institute of Engineering (IME). Between 1995 and 1996, he participated in the Ibero-American Program of Science and Technology for Development (CYTED). After that, he worked until 2007 as a professor of undergraduate and graduate courses in several public and private universities in subjects related to the oil and natural gas sector, among others. In 2007, he joined the Energy Research Company (EPE), where he remained until 2020, having assumed the positions of Energy Research Analyst, Coordinator of the Oil Refining Sector of the Superintendence of Oil Products and Biofuels, Director´s advisor of the Board of Oil, Gas and Biofuels Studies, Deputy Superintendent of Natural Gas and Biofuels, Deputy Superintendent of Oil, and finally, Director of Oil, Gas and Biofuels Studies. Between 2020 and 2021 he served as Secretary of Petroleum, Natural Gas and Biofuels at the Ministry of Mines and Energy (MME). Since 2020 he has served as Chairman of the Board of Directors of Empresa Brasileira de Administração de Petróleo e Gás Natural S.A (PPSA).

The company appreciates the important work done by General Joaquim Silva e Luna, for his leadership, dedication, and contribution at the head of the company’s Presidency and as a member of the Board of Directors. His management was marked by the valorization of Petrobras’ workforce, with emphasis on the formation of a technical Executive Board composed mostly of the company’s staff. During Joaquim Silva e Luna’s administration, Petrobras consolidated its financial position, becoming a strong, healthy company so it could play its social role of investing, generating jobs, paying taxes, returning dividends to shareholders, including the Union, and contributing to the country’s development. Its management was also guided by the consolidation of its governance and compliance mechanisms.