Rio de Janeiro, August 27, 2007). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that, from now on, Mr. Theodore M. Helms will be the interim Executive Manager of Investor Relations, replacing Mr. Raul Campos who leaved the company, on August 24, for personal reasons.
Mr. Helms has a long and varied career in finance and investor relations in Latin America. He graduated from Columbia College in the City of New York in 1981 with a degree in Philosophy/Economics. Following graduation, he worked for Manufacturers Hanover Trust Co. (now merged with JP Morgan) from 1981 to 1991, as an international banking officer for the Caribbean and Andean regions. His tenure at the bank, included Representative positions in Peru and Venezuela.
Mr. Helms worked in the New York office of Petroleos de Venezuela S.A. (PDVSA) from 1991 to 1999, where he assisted the company in contracting corporate and project finance debt to support the company´s significant expansion plan throughout the decade.
He joined Petrobras in 1999 as the General Manager of the New York office of Petrobras, where he has been involved in a wide range of finance related activities to support the company´s growth. He has actively participated in Petrobras´s efforts to access the international debt and equity capital markets, including working with the ratings agencies to obtain an investment grade rating for Petrobras.
With his background, experience in the company, and knowledge of the shareholder base, Mr. Helms will follow the efforts of his predecessors to continually improve the transparency of Petrobras and its communication with investors, and to initiate new projects that will deepen and improve relations with all of its shareholders, both individuals and institutions, in Brazil and abroad.