Consists of a minimum of seven and a maximum of eleven members, who are elected at the General Ordinary Meeting for a term of up to two years, with a maximum of three consecutive reelections allowed. Of all board members, only the Chairman, the CEO and employee representative are non-independent. All others are non-executive independent members. In 2019, the average board meeting attendance was 96,9%.
Eduardo Bacellar Leal Ferreira
Chairman of the Board of Directors
Mr. Eduardo Leal Ferreira is currently the Chairman of Petrobras’ Board of Directors. He is Reserve Fleet Admiral and was Commander of the Brazilian Navy until January 2019, having therefore reached the top of his career. In addition to the Naval School, Eduardo Leal Ferreira took postgraduate courses at the Brazilian Naval War College and at the Chilean Naval War Academy. Among the positions he held it is worth mentioning the Captain of the Ports of Rio de Janeiro and Director of Ports and Coasts, when he had the opportunity to deepen connections with the offshore activities related to the oil industry. He was also Commander of the Naval School, of the War College, and Commander-in-Chief of the Brazilian Fleet. Abroad, he served in Chile and was an instructor at the U.S. Naval Academy in Annapolis.
Cynthia Santana Silveira
Elected by the Controlling Shareholder
Mrs. Cynthia Santana Silveira is an electrical engineer graduated from Universidade do Estado do Rio de Janeiro -UERJ, with Master’s degrees in Mechanical Engineering from Universidade Federal do Rio de Janeiro -COPPE/UFRJ and in Gas Engineering from École des Mines de Paris. Her professional career was developed in the oil and gas industry, having worked at the French operator Total for 17 years. Between 2004 and 2015, she was the Executive Director of Gas and Electricity of this company. She also served as an elected Executive Officer at the Brazilian Institute of Oil, Gas and Biofuels -IBP between 2011 and 2015 and as an Executive Officer at BBPP Holding from 2004 to 2015. Since 2015, she has been an independent consultant at EXERGIA Consultoria e Projetos, where she is a partner. Cynthia Silveira has relevant experiences as Board Member and Member of Committees of companies and institutions in the oil and gas sector. She has served as a member of the Board of Directors of Transportadora Associada de Gás (TAG), Transportadora Brasileira Gasoduto Bolívia -Brasil (TBG) and Transportadora Sul Brasileira de Gás (TSB); member of the Executive Committee of the International Gas Union (IGU); and member of the Natural Gas Coordinating Committee of the Brazilian Petroleum Institute (IBP).
Joaquim Silva e Luna
Elected by the Controlling Shareholder
Mr. Joaquim Silva e Luna is currently the Brazilian General Director of Itaipu Binacional. He is a reserve Army General and served in the Ministry of Defense from March 2014 to January 2019, as General Secretary of the Ministry and as Minister of Defense. In addition to the Military Academy of Agulhas Negras, where he graduated in Military Engineering, Joaquim Silva e Luna holds a PhD in Military Sciences, a master degree in Military Operations, post-graduation in Projects and Systems Analysis from the University of Brasilia and in Army Policy, Strategy and Senior Management, Communications Officer course held at the School of Communications and Jungle Warfare training held at the Jungle Warfare Instruction Center. During his 45 years of service to the Army, 12 of them were as active duty General Officer: as Brigade General he was Commander of the16th Jungle Infantry Brigade, in Tefé-Amazon and Patrimony Director, in Brasilia; as Division General, he was Chief of Staff of the Army Commander, in Brasília; and as Army General he was Chief of Staff of the Brazilian Army, in Brasilia. He was a Board member of Amazônia Azul Tecnologia de Defesa S.A. (AMAZUL) for three years. Abroad he was a member of the Brazilian Military Mission of Instruction and Engineering Advisor in the Republic of Paraguay as an instructor at undergraduate, graduate and PhD schools; and Defense Attaché of the Navy, Army and Air Force in the State of Israel.
Marcelo Gasparino da Silva
Elected by Minority Shareholders
Marcelo Gasparino da Silva is a lawyer with specialization course in Corporate Tax Administration from ESAG (Santa Catarina State University).He has been Chairman of the Board of Directors of Eternit since 2017, member of the Board of Directors of Valesince 2020, of Cemigsince 2016 and member of the Fiscal Council of Petrobras since 2018. With experience in the sectors of mining and steel, oil & gas, petrochemical, logistics, generation, transmission and distribution of energy, distribution of natural gas, transformation of steel, basic industry, civil construction, roofing for civil construction including photovoltaic generation, storage and basic sanitation acquired skills, abilities and knowledge, skills that allow to contribute in the most diverse subjects and strategies that are dealt with in the boards on which it participates, such as turnaroud, ESG, capital structure, merger & acquisitions, sale of non-core assets, financial restructuring of companies in crisis, including judicial reorganization, executive succession, highly complex legal issues and leadership in coping with global impact crises such as COVID-19. He is a Board Member certified by the Brazilian Institute of Corporate Governance -IBGC since 2010. He started his executive career as Legal and Institutional Director of Celesc(2007-2009).He was Chairman of the Board of Directors of Usiminas during the height of the 2015-16 economic crisis in the midst of the greatest Brazilian corporate conflict, with its shares reaching R$ 0.85 in January 2016 and exceeding R$ 4.00 in April, after important action by the Council. In April 2017, he was elected President of the Board of Directors of Eternit to lead the Company turn around with the election of a new executive board, but in the same year the Company suffered a major setback in a legal issue that banned the use of Chrysotile Asbestos in Brazil, and which ended up dredging it for a Judicial Reorganization Process in 2018. Leading the board at the complex moment acted for Eternit to search for a new business in the photovoltaic area, being launched the photovoltaic roof tiles Eternit Solar and Tégula Solar, including in its product portfolio with technology and innovation. He was member of the boards of directors of Bradespar (2015-16), Battistella (2016-17), Casan (2019), Celesc (2011-14 and 2018-19), Eletrobras (2012-14 and 2016), Eletropaulo (2016-18), Gasmig (2020-21), Kepler Weber (2017-20) Tecnisa (2012-14) and Usiminas (2012-16).He was a fiscal advisor to AES Tietê (2013-14), Bradespar (2014-15) and Braskem (2018-19).
Márcio Andrade Weber
Elected by the Controlling Shareholder
Mr. Márcio is a civil engineer with a degree from UFRGS, specialized in petroleum engineering by Petrobras. He joined Petrobras in 1976 where he worked for 16 years, having been one of the pioneers in the development of the Campos Basin, and then held several managerial and directive positions among which are activities abroad, in the international area of Petrobras, in Trinidad, Libya and Norway. He was a member of the Board of Petrobras International Services (Braspetro) and Director of Petroserv S.A., developing the company’s participation in E&P activities, support navigation and drilling rigs for deepwater. As CEO of BOS Navegação (a JV between Petroserv and two foreign companies) he was responsible for the construction of 4 support tugboats in Brazilian shipyards. In parallel, as Director of Petroserv he participated in the construction and operation of 4 deepwater drilling rigs, units that among his clients are Shell and ENI (Indonesia). He is currently advising the PMI group that operates these units.
Murilo Marroquim de Souza
Elected by the Controlling Shareholder
Mr. Murilo has a degree in geology from the Federal University of Pernambuco and a master’s degree in geophysics from the University of Houston, Texas, USA. He has worked in the petroleum industry for 47 years, having performed activities in more than 20 countries in America, Europe, Africa, and Asia. He worked at Petrobras from 1971 to 1994, where he held several managerial positions in the exploration and production area, and was Director of Brasoil UK, in London, with exploration activities in the North Sea and other Basins. He was General Manager for IBM’s Oil Industry Solutions Unit in Latin America. He worked as a consultant, working for ANP in several projects, and at Ipiranga as an Advisor for Exploration and Production. From 2001 to 2011 was CEO of Devon Energy do Brasil (Ocean Energy) and since 2011 is CEO of Visla Consultoria de Petróleo, a consulting firm focused on special projects for the energy industry.
Ruy Flaks Schneider
Elected by the Controlling Shareholder
Mr.Ruy Flaks Schneideris an industrial mechanical and production engineer graduated from PUC-RIO as well as a Master of Sciences in Engineering Economy from Stanford University. Navy reserve officer, he attended the Brazilian Superior War College. He founded the Industrial Engineering Department at PUC-RIO, becoming its first director and establishing the first master’s program in Industrial Engineering in Brazil. With several published articles, he works as a speaker, in Brazil and abroad. He has accumulated vast experience, both as an executive and as a member of the Board of Directors and Fiscal Council of large companies, including Xerox do Brasil S.A., Banco Brascan de Investimento S.A., Banco de Montreal S.A.-MontrealBank, Grupo Multiplan and INB Indústrias Nucleares do Brasil. Mr. Ruy Schneider served as a member of the Central Bank’s capital market advisory Board, participating in advising on the preparation of the external debt conversion program. He is Chairman of the Eletrobrás Board of Directors and of the Brazilian Naval Reserve League. Creator of the first multi-sponsored pension fund and introducer of Defined Contribution funds in Brazil.
Sonia Julia Sulzbeck Villalobos
Elected by the Controlling Shareholder
Consists of five members with a one-year term, with reelection allowed. One of whom is appointed by minority shareholders, one by preferred shareholders and three by the Federal Government, which includes an appointment by the Finance Minister, as a representative of the Treasury.
Agnes Maria de Aragão da Costa
Elected by the Union | Holder Member
Ms. Agnes Maria de Aragão da Costa is Head of the Special Advisory on Regulatory Matters, with special emphasis on Energy and Mining Economies. She has been working for the MME for 14 years, formulating public policy recommendations and monitoring the results of these policies. She holds a bachelor’s degree in Economics by the Federal University of Rio de Janeiro (UFRJ) and a master’s degree in Energy by the University of São Paulo (USP). She has a civil servant career as Public Policies and Governmental Management Specialist. She has been a member of the Audit Committee of Eletrobras since 2015, and President since 2017. She has been a substitute member of Petrobras’ Fiscal Council since 2015. She was a member of the Board of Directors of CEAL and CEPISA.
Jairez Elói de Sousa Paulista
Elected by the Union | Alternate Member
Mr. Jairez Elói de Sousa Paulista is Business Administrator; Systems Analyst; Specialist in Human Resources Development and Master in Public and Business Management, Fundação Getúlio Vargas – FGV. He has a degree in Executive Development by IDORT/SP; in addition to several training courses in various areas of General Administration such as organization, systems and methods, administrative modernization, strategic planning, financial and budgetary administration, logistics, people management, project management, ethics management, general ombudsman, controls administrative and conflict of interests, and quality management, among others. He is currently General Coordinator of Strategic Planning, Supervision and Management Evaluation of the Ministry of Mines and Energy. He has over 30 years of public management services – in the MME alone for more than 26 years – and has, over that time, held several positions of advising and managing intermediate and higher levels of coordination, supervision and direction in all segments of activities, such as: Coordinator of Management areas; General Coordinator of Human Resources; Deputy Secretary for Administrative Affairs; Deputy Secretary of Planning, Budget and Administration; Advisor to the Minister of State; as well as a member of Fiscal Council – both effective and deputy – of State Companies.
Sérgio Henrique Lopes de Sousa
Elected by the Union | Holder Member
Sérgio Henrique Lopes de Sousa, graduated in Naval Sciences from the Naval School, specializing in International Management and holds an MBA in Business Management from COPPEAD/UFRJ Institute. Holds a master’s degree in Production Engineering from Universidade Federal Fluminense (UFF). Holds a master’s of Science degree in “National Resource Strategy” by the National Defense University (NDU) in Washington, DC and Doctorate degree in Naval Sciences by the School of Naval Warfare. Captain of the Sea and War of the Navy Steward Corps, in addition to having served as Director and Deputy Director of administrative units, he has performed, for about 37 years of service for the Navy, multiple activities related to budgetary and financial planning and execution, logistics and internal control. He is Head of Special Internal Control Advisory at the Ministry of Mines and Energy, Member of the Fiscal Council of the Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Sal Petróleo S.A. (PPSA).
Alan Sampaio Santos
Elected by the Union | Alternate Member
Alan Sampaio Santos holds a B.A. in Law, a B.S., in System Analysis by PUC/RJ, graduated as Artillery Officer by the Academia das Agulhas Negras and in Physical Education by the Army Physical Education School. Master in Defense, Security, Integral Defense and Integration, Institute of High Studies and National Defense – IAEDEN, Caracas/Venezuela, Master’s degree in Military Sciences – School of Command and General Staff of the Army and Master in Sports Training from Gama Filho University. Special Advisor to the Minister of Mines and Energy (2018/2019). Officer in the Army Commander’s Office (2004/2005 and 2013/2015). Head of the Public Relations Section of the Army’s Social Communication Center (2011). Social Communication Officer for the Brazilian Battalion in Haiti (2009). Commander of the 11th Field Artillery Group (2007/2008). Military Advisor to the United Nations, in East Timor (2006).
José Franco Medeiros de Morais
Elected by the Union | Holder Member
Mr. José Franco Medeiros de Morais is an economist. He is currently the National Treasury’s Undersecretary of Public Debt. He was a Consultant in Public Debt Management, Capital Markets and Fiscal Risks of the World Bank and the IMF between the years of 2008 and 2015. He holds a degree, a master’s degree, and a doctorate in economics by the University of Brasília. He was Professor of Economics and Finance at the IBMEC-DF, FGVDF, ESAF-DF, Faculdades Integradas do Planalto Central. José Franco was a member of the fiscal councils of the following companies: Engepron (2006 to 2008), BB BI (2012 to 2014), BB Administradora de Cartões (2008 to 2012), BB DTVM (2014 to 2017), TERRACAP (2016 to 2017) e BNDESPar (2017 to 2018).
Gildenora Batista Dantas Milhomem
Elected by the Union | Alternate Member
Ms. Gildenora Batista Dantas Milhomem has been a Federal Auditor of Finance and Control of the National Treasury Department since February 8, 1994. She completed her Bachelor of Science in Accounting in 1988, with a Postgraduate Degree in Public Administration – CIPAD, level of specialization – EBAPE / Fundação Getúlio Vargas, completed in 2007. Deputy Secretary of Public Accounting – NATIONAL TREASURY DEPARTMENT, from June 03, 2015 to the present date. Member of the Advising Group of Brazilian Accounting Standards Technical of the Public Sector (GA NBC TSP), of the Federal Accounting Council, as representative of the National Treasury Department, from 2015 to the present date; Chairman of the Board of Directors of the Assefaz Foundation (2016 to 2019); Member of the Fiscal Council of the Asset Management Company – EMGEA, as representative of the National Treasury Department (20 15 to 20 17); Member of the Fiscal Council of the Brazilian Petroleum and Natural Gas Administration S.A. – PréSal Petróleo S.A. – PPSA, as representative of the National Treasury Department (2015 to 2018).
Marcelo Gasparino da Silva
Elected by the Common Share Minority Shareholders | Holder Member
Mr. Marcelo Gasparino da Silva is Chairman of the Board of Directors and member of the Board of Directors and Fiscal Council, coordinator and member of committees of finance, auditing, risks, legal, compliance and related parties in publicly-held companies. He is a Lawyer Specialist in Corporate Tax Administration by ESAG and MBA in Controlling, Auditing and Finance (attending). He is Chairman of the Board of Directors of ETERNIT (2017-2019), Member of the Board of Directors of CEMIG (2016-2019), CELESC (2018-2019) and KEPLER WEBER (2017-2019), and member of the Fiscal Council of BRASKEM (2018-2019). He was Chairman of the Board of Directors of Usiminas (2015-2016) and a member of the board of directors of Bradespar (2015-2016), Battistella (2016-2017), Celesc (2011-2014), Eletrobras (2012-2014 and 2016), Tecnisa (2012-2014) and Vale (2016-2017), in addition to Usiminas itself (2012-2016). He was member of the Fiscal Council of Bradespar (2014-2015), AES Eletropaulo (2012-2013), AES Tietê (2013-2014), and Eletrobras (2014-2015). He was Chairman of the Stakeholders Committee and member of the Audit Committee of Eletropaulo(2017-2018), and member of the Finance, Audit and Risk Committee of CEMIG (2017-2018). He was Coordinator of the Legal and Compliance Committee of ETERNIT (2015-2017), Eletrobras’ Audit Committee (2013-2014 and 2016), and Celesc’s Legal and Audit Committee (2012-2014). He began his executive career as Legal and Institutional Director of CELESC (2007-2009). He participates in the CEO Program FGV2016 (IBE / FGV / IDE). He attended the Executive Program on Mergers and Acquisitions at London Business School, and attended specific courses in the financial and strategic areas at the IOD-Institute of Directors in London. He is co-founder and Coordinator of the Santa Catarina Chapter, Certified Board of Administration Member, and has a set at the IBGC Board of Directors. He is a member of the AMEC’s Technical Committee and the IBGC’s Legal Committee and Mixed Economy Companies Committee. He lectures on Board of Directors at the Corporate Governance Course of the ENA Brazil Government School Foundation. He has solid training in Corporate Governance, and experience in boards of directors and fiscal councils. He has helped IBGC and to AMEC with preparing the Brazilian Corporate Governance Code – “CBGC,” and with implementing it as a working tool in all companies in which he works, particularly regarding the “APPLY OR EXPLAIN” model, a system that recognizes the practice of corporate governance is a journey and should not be translated into a rigid model of regulation that applies equally to all companies. In March 2018, he attended the IIC Spring Conference organized by the Council of Institutional Investors, Whashington/USA, and spoke to The Emerging Markets Investors Alliance on the topic Corporate Governance in Brazil: the impetus for reform” in New York/USA.
Paulo Roberto Evangelista de Lima
Elected by the Common Share Minority Shareholders | Alternate Member
Paulo Roberto Evangelista de Lima, Brazilian, Administrator, M.B.A Training for Senior Executives at Banco do Brasil, Fundação Dom Cabral; Lato Sensu Post Graduate Degree in Financial Administration, IBMEC; Specialization Degree in Business Management, Fundação Dom Cabral; Course of Corporate Governance, USP. BANCO DO BRASIL S.A.: Team Coordinator at the State Superintendence of Goiás (1991-1994); Deputy State Superintendent of the Superintendence of Goiás (1994-1995); Regional Superintendence in Goiânia, Sorocaba and São Paulo (1995-1999); Executive Manager of the Controllership Board (1999-2000); Executive Manager of the Internal Controls Board (2000-2007); Interim Officer of Internal Controls (October to December 2005); Officer of Internal Controls (05/2007-07/2010); Risk Management Officer (07/2010-01/2012); Member of the Supervisory Committee of Banco do Brasil in Japan (05/2008-07/2010); Board Member of Banco do Brasil Securities -New York and London (08/2010-01/2012); Member of the Technology Committee of Banco do Brasil (08/2007-01/2012); Coordinator of the Risk Committee of Banco do Brasil (07 / 2010-01 / 2012); Board Member since April 2019; Member of the People, Compensation and Eligibility Committee -Corem -since May 2019; Member of the Risk and Capital Management Committee since September 2019.BANCO DE BRASILIA S.A.: Chairman of Banco de Brasília S.A. (01/2013-10/2014); Member of the Board of Directors of Banco de Brasília S.A. (01/2013-10/2014); Chairman of the Board of Directors of Cartão BRB S.A. (01/2013-10/2014); Coordinator of the Technology Committee of Banco do Brasília S.A. (01/2013 -10/2014). Member of the Fiscal Council of Rio Grande Energia in Porto Alegre (05/2000-04/2001); Member of the Fiscal Council of CPFL Distribuição e CPFL Geração (04/2002-04/2004); Board Member of Celesc –Centrais Elétricasde Santa Catarina S.A. (05/2008-04/2012),where he was also responsible for the coordination of the Legal and Audit Committee; Member of the Fiscal Council of Caixa de Previdência dos Funcionários do Banco do Brasil –PREVI –(07/2002-05/2004); Member of the Fiscal Council of Caixa de Assistência dos Funcionários do Banco do Brasil -Cassi -(02/2010-05/2012); Board Member of Cadan –RJ –(04/2002-04/2003); Member of the Fiscal Council of Distribuidora de Produtos de Petróleo Ipiranga S.A. (04/2004-04/2006); Member of the Fiscal Council of Cecrisa Revestimentos Cerâmicos S.A. (09/2016-07/2019). Member of the Fiscal Council of Usinas Siderúrgicas de Minas Gerais S.A. –Usiminas –(11/2016-04/2018), working as Presidentof the Fiscal Council from 10/2017 to04/2018; Member of the Operational Risk Commission of CIP –Câmara Interbancária de Pagamentos –representing Banco do Brasil S.A. (01/2004-07/2007). Member of the Supervisory Committee of Fundo Garantidor de Crédito –FGC –(09/2007-01/2012); Member of the Risk Committee of Federação Brasileira de Bancos –Febraban –(07/2010-01/2012); Sitting Member of the Compliance Committee of FEBRABAN –(12/2007-01/2012); Member of the Fiscal Council certified by the Institute of Corporate Governance -IBGC (10/2016). Shareholding Partner to provide consultancy and advisory services in the acquisition process of part or all of the capital of a Financial Institution authorized to operate by the Central Bank of Brazil together with JL RODRIGUES, CARLOS ÁTILA & CONSULTORES ASSOCIADOS S/S –(03/2015-12/2017).Independent member pursuant to criteria set forth in article 18, paragraph 5 of the Company’s Bylaws.
Daniel Alves Ferreira
Elected by the Preferred Share Minority Shareholders | Holder Member
Mr. Daniel Alves Ferreira is associate lawyer at the Alves Ferreira and Mesquita Law Firm since 04/2018. Partner lawyer of the MPAE Office, having worked in the areas of Mass Litigation and Capital Markets. He has been a member of Petrobras’ Fiscal Council since April 2018. He was a member of the Board of Directors (2016-2018) and the Corporate Governance Committee (2018) of CEMIG. He participated in the Conference on Civil Procedural Law by the Institute of Lawyers of São Paulo (IASP), Aspects of Reform of the Code of Civil Procedure, Stable Union, Amendments to the Code of Civil Procedure, all by the IASP.
Fabricio Santos Debortoli
Elected by the Preferred Share Minority Shareholders | Alternate Member
Fabricio Santos Debortoli, CRC/SC Accountant 25.570/O-0 and holds a post-graduate degree in Tax Management from Univali. He is Vice-Chairman of Finance of GASPART Participações S.A., Member of the Fiscal Council of USIMINAS (2019/2020 and 2020/2021), and Member of the Board of Directors of CELESC S.A.(2019/2020 e 2020/2021). Served as Financial Controller of Videolar Innova S.A. (2012 to 2017), was Member of the Board of Directors of Companhia de Águas de Santa Catarina -CASAN S.A. (March, 2020 to June, 2020), was also Member of the Fiscal Council and the Board of Directors of CELESC S.A. (2016 to 2018) and Member of the Fiscal Council of ETERNIT (2018 to 2019).
It comprises of a chairman and seven executive directors elected by the Board of Directors, with a term of up two years, with a maximum of three consecutive reelections permitted, and may be dismissed at any time. Among the members of the Executive Board, only the president is a member of the Board of Directors without, however, presiding over the body.
Carlos Alberto Pereira de Oliveira
Interim CEO and Chief Exploration and Production Officer
Carlos Alberto Pereira de Oliveira is the Chief Exploration and Production Officer. He holds a degree in Mechanical Engineering from the Military Institute of Engineering, and Business Administration from the Federal University of Rio de Janeiro. He holds a master’s degree in Finance and Investment Analysis from the Pontifical Catholic University of Rio Janeiro. He has been with Petrobras for 38 years and has held several executive positions in the Exploration and Production area linked to the senior management of the Petrobras System companies.
CFO and Chief Investor Relations Officer
Andrea Almeida is Chief Financial and Investor Relations Officer. Andrea is a Production Engineer, with an MBA in Finance from IBMEC-RJ and an MBA in management from USP, as well as management courses at the Wharton School of Finance and Sloan School of Management (MIT). Worked in Vale S.A. for 25 years with extensive experience in Corporate Finance, Global Treasury and Risk Management. She was CFO of Vale Canada in Toronto from 2015 to 2018, most recently holding the position of Global Treasury Executive Manager at Vale.
Rodrigo Costa Lima e Silva
Chief Refining and Natural Gas Officer
Rodrigo Costa Lima e Silva holds a degree in Business Administration from Universidade Católica de Salvador. He has a master’s degree in Business Administration from IBMEC and an MBA in Corporate Finance from FGV. He has been working at Petrobras for 15 years, having held several managerial positions in the areas of Exploration and Production, Gas and Energy and Strategy and having been chairman of the Board of Directors of some Petrobras subsidiaries. Since 2019, he has held the position of Gas and Energy Executive Manager.
André Barreto Chiarini
Chief Trading and Logistics Officer
André Chiarini had been the Petrobras CEO´s advisor for logistics since November 2019. He was a founding partner and Chief Officer of Infra Partners Investimentos em Logística, has more than 20 years of a career in Logistics, working at the head of operations, planning, business development, and corporate functions, in several countries. In addition to founding 3 other companies, he was Chief Planning and Logistics Development Officer at Vale, Chief International of Shared Services Officer (based in Switzerland at Vale International), Chief Electronics and Consumer Goods Officer at TNT Logistics and Senior Associate at the Operations Competency Center at Booz & Co.
André is a chemical engineer by UFRJ and Master in Business Administration by COPPEAD/UFRJ, with interchange at the Master of International Management (MIM) of AGSIM/Thunderbird. He has participated in executive training programs at Sloan School of Management (MIT), IMD, Chicago Booth and University of Michigan Business School.
Marcelo Barbosa de Castro Zenkner
Chief Governance and Compliance Officer
Marcelo Zenkner holds a BA. in Law from the Federal University of Juiz de Fora (UFJF), specializing in Civil Procedural Law from the Catholic University of Petrópolis (UCP), Master in Fundamental Constitutional Rights and Guarantees from the School of Law of Vitória (FDV) and PhD. in Public Law, from the Universidade Nova de Lisboa (FDUNL). He worked as Public Prosecutor, member of the rosecution Service of the State of Espírito Santo from 1997 to January 2019, where he held multiple roles in the fight against corruption and organized crime. Up until April 2016, he held the position of Secretary of State for Control and Transparency of the State of Espírito Santo, the first state in Brazil to create an administrative structure and to apply administrative sanctions based on the Corporate Anti-Corruption Law and awarded by the Office of Comptroller General with first place in compliance with the access to Information Law (2015) and by the Federal Prosecution Service with first place in the ranking of the best transparency websites in Brazil (2015). From February 2019 to August 2019, he held the position of CEO Consultant and member of the Petrobras Disciplinary Actions Committee, an internal body of the company’s Integrity System and directly linked to the Board of Directors. Since September 2019, he has held the position of Chief Governance and Compliance Officer of Petrobras. Marcelo Zenkner is an associate professor at the Vitória Law School (FDV), in addition to performing academic activities in other foreign and local institutions, including the Universidade Nova de Lisboa (FDUNL) and the Getúlio Vargas Foundation (FGV), among others. He has published several books and received awards such as “Top of Mind 2016” – Public Authority by LEC – Legal, Ethics and Compliance.
Jairez Nicolás Simone
Chief Digital Transformation and Innovation Officer
Nicolás Simone is a Software and Systems Engineer from O.R.T University – Uruguay, with extensive international experience and knowledge of information technology, digital transformation, cyber security, AI, omnichannel, CRM, innovation, sales, logistics, process reengineering, large projects, shared services center (SSC) and industry 4.0. He has led transformational global projects, M&A processes, implemented management systems such as SAP/ERP, outsourcing and off shoring models, sales systems, among others, always focusing on innovation and adding value to the business. He has held leadership positions in large companies such as Itaú-Unibanco, Lojas Renner, ABInBev and Grupo Boticário, with a strong business expertise in industry, consumer goods, retail and financial market segments. His focus is to act with empathy and systemic vision of the business to achieve results and exceed expectations with added value.
At the digital transformation front, he is very knowledgeable in transforming and connecting business and analog processes into digital according to the characteristics of each organization, implementing different methodologies to define and lead this cultural change in partnership with areas and business units.
With extensive experience and focus on innovation, he has transformed IT areas from a traditional to a bimodal format in order to add value to the business, structuring innovation labs with co-working areas and enabling partnerships with startups to incubate solutions using methodologies such as Design Thinking, Agile, Devops, and others to enhance end-user experience, adaptability, and interaction to reduce lead times. Throughout his career, he has published numerous articles, given lectures and interviews about the journey for digital transformation, innovation, ecosystem creation, and how to transform traditional IT into value-adding IT. His work has been recognized by several awards: CIO Executive Award in the Consumers Goods Category; CIO Executive Award in Retail; and in 2017 he published a paper that was a global case about how to transform the CIO and IT roles into Value Added entities strengthening the business collaboration.
Roberto Furian Ardenghy
Chief Institutional Relations and Sustainability Officer
Roberto Ardenghy holds a B.A. in Law from the Federal University of Santa Maria and holds graduate degrees in International Relations and Diplomacy, from the Diplomatic Academy of Rio Branco Institute, and Economics of Oil and Gas, from COPPE at the Federal University of Rio de Janeiro. Along his professional diplomatic career, he has held a number of positions in the Federal Government in Brasília, in the Civil Affairs of the Presidency of the Republic and in the Ministries of Foreign Affairs, Justice, Development, Industry and Trade, the Federal Administration Secretariat and the Brazilian Embassies in Washington and Buenos Aires. In the period from 2002 to 2007, worked as Chief of Staff, President of the Ethics Committee and Head of Downstream at the National Petroleum Agency – ANP. From 2007 to 2011, he served as Corporate Relations Manager at BG E&P Brasil. He was a member of the Upstream Committee of the Brazilian Petroleum Institute and Director of the American Chamber of Commerce of Rio de Janeiro – AmCham Rio. Roberto Ardenghy was a deputy professor of International Law at the Cândido Mendes School, Ipanema Campus, and for the graduate courses in oil at the Brazilian Petroleum Institute and the COPPE-Federal University of Rio de Janeiro. He returned to the Federal Government in 2012 and was transferred to Houston as Deputy Consul General and Head of the Department of Trade and Investments Promotion. He was also Honorary President of the Brazil-Texas Chamber of Commerce (BRATECC) and Deputy Consul General at the Brazilian Consulate General in New York from May 2017 to January 2019. Since then, he has held the position of Chief of Staff of the CEO Office at Petrobras.
Rudimar Andreis Lorenzatto
Chief Production Development Officer
Rudimar Andreis Lorenzatto is the Chief Production Development Officer. He holds a degree in Civil Engineering from the University of Santa Maria in Rio Grande do Sul, and a MBA from Getúlio Vargas Foundation and other institutions abroad. He has been with Petrobras for more than 30 years, having held multiple management positions in well construction, production operations and subsea systems areas.
Board of Directors Committees
The Board of Directors will have 6 (six) advisory committees, with specific duties for analysis and recommendation on certain matters, directly linked to the Board: Investment Committee; Audit Committee; Audit Committee of the Petrobras Conglomerate; Safety, Environment and Health Committee; People Committee; and Minority Committee. These committees aim to assist the Board in the fulfillment of its responsibilities for guiding and leading the Company.
Statutory Technical Committees
The Executive Board counts on the advice of the Statutory Technical Committee on Investment and Divestment.
The members of the Executive Board have 8 (eight) technical advisory committees, composed of members of the general structure, with specific duties for analysis and recommendation on certain matters:
- Statutory Technical Committee on Institutional Relationship and Sustainability;
- Statutory Technical Committee for Production Development;
- Statutory Technical Committee for Exploration and Production;
- Statutory Technical Committee for Refining and Natural Gas;
- Statutory Financial and Investor Relations Technical Committee;
- Statutory Technical Committee on Corporate Affairs;
- Statutory Technical Committee on Governance and Compliance;
- Statutory Technical Committee on Digital Transformation and Innovation
The composition and operating rules of the Statutory Technical Committees are governed by regulations approved by the Board of Directors.
Comitês Deliberativos e Consultivos
The Executive Board may create committees, with delegated powers, linked to this body or directly to one of its members. The committees can be of a deliberative or consultative nature and have the purpose of assisting the Executive Board in the fulfillment of their duties and responsibilities. These committees are composed of managers from different areas of the company, in order to guarantee a multidisciplinary view in the analysis and discussion of matters, as well as in the decision-making process. The composition and rules of operation of the committees will be governed by regulations to be approved by the Executive Board and submitted to the Board of Directors.
The deliberative and consultative committees can set up commissions and working groups, with predominantly tactical and operational activities, to support them in the performance of their duties.
The performance evaluations of the Board of Directors, the Executive Board and its advisory committees, while collegiate, and each of its members, individually, occur annually and are provided for in our Bylaws, in our Corporate Governance Guidelines and in Internal Regulations of the Board of Directors.
According to our Bylaws, the Board of Directors is responsible for evaluating, on an annual basis, the performance results, individual and collective, of the administrators and members of the Board Committees, with the methodological and procedural support of the People Committee, observing minimum requirements, such as exposure of the management acts practiced in terms of lawfulness and the effectiveness of managerial and administrative action; the contribution to the income for the year; achieving the objectives set out in the business plan and meeting our long-term strategy.
The system that details the assessment procedures of the Board of Directors is carried out by a specialized external company and was approved by the Board of Directors. The methodology aims to periodically analyze the performance and contribution of our management bodies, our administrators and the members of the advisory committees to the Board of Directors in order to achieve the objectives and goals established in the strategic plan, aiming to achieve more efficient results and and contribute to the strengthening of our image and reputation with our stakeholders.
The creation of the evaluation methodology took into account the understanding of documents and reports, including those released to the public; individual interviews with the members of the Board of Directors; and presentation of conclusions, recommendations and priority actions. The Board of Directors must also annually evaluate the performance of the Executive Board, based on the system and criteria defined by it.
The result of the performance appraisal is used in the calculation of the variable remuneration of the members of the Executive Board. Thus, if all the prerequisites and goals of the program are met, the Indicator of Evaluation of the Executive Board by the Board of Directors will have an influence on the participant’s variable remuneration. The impact of the performance evaluation on the remuneration of the members of the Board of Directors and their advisory committees is not expected, since their remuneration is fixed.
The annual evaluation cycle of the Board of Directors and its Committees for 2019 was carried out by a specialized external company and concluded in April 2020.
The 2019 evaluation cycle of the Executive Board was concluded in the first half of 2020. The methodology for this cycle was approved by the Board of Directors and consists of the assessment of the scope of the metrics defined by the Board and the qualitative evaluation of four criteria: strategy, process decision-making, structure and identity. The results of the individual and collective assessment of the Executive Board, related to the 2019 cycle, were presented in a final report sent to the Personnel Committee, which reported them to the Board of Directors.
We have a variable compensation program for our employees that aims to align individual performance with our global goals and increase engagement so that everyone feels responsible for our results.
In calculating the variable remuneration of all employees, we consider four global performance metrics: 2 financial and 2 environmental – Gross Debt, Variation in Value Added (Delta EVA), Intensity of Greenhouse Emissions (IGEE) and Leaking Volume of Oil and Derivatives (EMPTY). In addition, each employee or executive has specific goals defined on their scorecard.
The CEO’s bonus, for example, will depend on 85% of the company’s four main performance metrics, 5% on a compliance assessment by the State-owned Companies Coordination and Governance Secretariat (SEST) and 10% on a discretionary assessment of its performance , given by the Board of Directors. Executive officers will have their bonus calculated at 60% based on the company’s overall performance (4 main metrics), 25% on specific goals set on their scorecards, 5% on a SEST compliance assessment and 10% on their discretionary assessment. An unemployed employee will have 35% of their bonus based on our overall performance, 55% on their specific goals and 10% on their discretionary assessment.
In addition, in order to ensure the alignment of executive compensation with our long-term performance, senior managers, directors and CEO have part of their compensation deferred over time and varying according to the value of our shares.