Petrobras said its new CEO, Economist Roberto Castello Branco took office on Jan. 3. Branco takes over from Ivan Monteiro, who served in the position for less than seven months.
Castello’s history with Petrobras began when he served as a member of its board, between May 2015 and April 2016. “I found a company in crisis. But with the professional competence and seriousness of its employees and with solid corporate governance, Petrobras is much better today. There is still a lot to do, though,” he said.
Castello holds a bachelor's degree in economics, with a doctorate from Fundação Getulio Vargas (FGV EPGE) and a postdoctoral degree from University of Chicago.
He participated in executive training programs at Sloan School of Management (MIT) and International Institute for Management Development (IMD). He is affiliated professor at EPGE (FGV), also acting as director at Centro de Estudos em Crescimento e Desenvolvimento Econômico in this institution.
He was a director at Vale S.A., Banco Central do Brasil, Banco Boavista, Banco Boavista Investimentos and Banco InterAtlântico.
He was a member of Petrobras´ Board of Directors between May 2015 and April 2016, GRU Airport and Invepar, as well as a member of the Board of Directors of ABRASCA, Director of the American Chamber of Commerce (RJ) and a member of the Board of Directors of IBEF and Board of Curators of FGV.
He was president of the Instituto Brasileiro de Relações com Investidores, executive president of IBMEC and vice president of the Brazil-Canada Chamber of Commerce.