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Re: StockGod post# 499

Monday, 09/14/2015 12:00:45 PM

Monday, September 14, 2015 12:00:45 PM

Post# of 513
CEO of Petrobras out of town until Nov 30 2015:

Found this on VALE newsite;
Petrobras Chairman Ferreira Taking Leave of Absence
DOW JONES & COMPANY, INC. 9:55 AM ET 9/14/2015
Symbol Last Price Change
VALE 4.95 -0.03 (-0.6%)
QUOTES AS OF 11:58:29 AM ET 09/14/2015
RIO DE JANEIRO—The chairman of Brazilian state-controlled oil company Petró leo Brasileiro SA, Murilo Ferreira, has taken a temporary leave of absence until Nov. 30, the company said Monday, without giving additional information.

But Mr. Ferreira isn't taking leave from mining giant Vale SA(VALE), where he serves as chief executive officer, a spokeswoman for that firm said. She added that Mr. Ferreira's absence from Petrobras is due to "personal reasons."

Deyvid Bacelar, another board member at Petrobras, said he wasn't informed of Mr. Ferreira's reason for taking the time off.

Widely seen as a competent executive, Mr. Ferreira was elected Petrobras chairman earlier this year during a shake- up by the Brazilian government in the wake of a massive corruption scandal.

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