RIO DE JANEIRO — Brazilian President Jair Bolsonaro on Friday tapped a retired normal to exchange a market-friendly economist who has been CEO of state-run oil big Petrobras for the reason that starting of 2019.
In selecting former Defence Minister Joaquim Silva e Luna to take over from Roberto Castello Branco, Bolsonaro is looking for to attraction to truck drivers, who threatened to go on strike in the beginning of the month because of current will increase in gasoline costs.
Bolsonaro had mentioned in a stay broadcast Thursday that he would make adjustments at Petrobras, which is 50.26% owned by Brazil’s authorities. He additionally promised to finish federal taxes on diesel gasoline over the subsequent two months.
If confirmed by Petrobras’ board, Luna would change into the primary army man to carry the place on the oil firm since 1989.
Petrobras shares fell 6.6% on the Sao Paulo Inventory Trade on Friday as traders anticipated a change within the administration of the oil big.
Mauricio Savarese, The Related Press
