Replies to post #1691 on Petroleo Brasileiro S.A. - Petrobras (PBR)

[eFinanceMarkets]

Petrobras board extends CEO Parente's term by two years
Petrobras' (PBR -1.3%) board votes to extend CEO Pedro Parente's term for two years, until March 2019, beginning yesterday, when the board vote took place, and ending on March 26, 2019.
Parente took over last May following the resignation of predecessor Aldemir Bendine, and in Q4 the company cut debt by 20% and sharply lowered costs to offset weaker revenue; shares are up more than 60% since Parente took over.