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Appointment of the New CEO

Source: www.gulfoilandgas.com 6/5/2018, Location: South America

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Petrobras informs that its controlling shareholder has informed the company of the appointment of the engineer Ivan de Souza Monteiro, current interim CEO, to join Petrobras' Board of Directors and hold the position as CEO of the company.

The indication shall be submitted to Petrobras' corporate governance procedures, including the respective analysis of compliance and integrity necessary for the succession process of the company, with assessment by the Nominating, Compensation and Succession Committee and, thereafter, deliberation by the Board of Directors.

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