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Two of the Brazilian authorities’s seven nominees for the brand new board of administrators at Petrobras (NYSE:PBR) don’t meet the necessities to carry the place, its eligibility committee mentioned on Thursday.
The committee mentioned the candidates would have a battle of curiosity serving on the board as a result of they’ve excessive rating positions in President Bolsonaro’s authorities.
The committee’s findings are non-binding, and each candidates can change into board members pending approval by the present board and by Petrobras (PBR) shareholders.
The opposite 5 authorities picks and the 2 minority shareholder appointees had been accredited by the committee.
Final month, the eligibility committee cleared the nomination of Caio Paes de Andrade as the corporate’s subsequent CEO.
