Petrobras Appointed Mr. Caio Mário Paes de Andrade President of the Company

Source: www.gulfoilandgas.com 6/27/2022, Location: South America

Petrobras informs that its Board of Directors, in a meeting held today, by majority, appointed Mr. Caio Mário Paes de Andrade as a Board Member of Petrobras until the next General Shareholders' Meeting and elected him to the position of President of the company, the latter with a term of office until 04/13/2023.

Below is an extract of the new executive's resume.

Caio Mário Paes de Andrade holds a degree in Social Communication from Universidade Paulista, a postgraduate degree in Administration and Management from Harvard University and a master's degree in Business Administration from Duke University. Entrepreneur with proven successes in information technology, real estate and agribusiness, he founded and/or led the construction of several emblematic companies in the Brazilian Information Technology market. In this trajectory, he carried out more than 20 M&A processes, including company consolidations, strategic acquisitions, minority acquisitions, fundraising with institutional investors, divestments, spin-offs and control sale processes. In the social area, he founded and monitors the activities of the Instituto Fazer Acabar - a self-sustainable organization that has a direct positive impact on 4. 000 children and adolescents in the semi-arid region of Bahia through sport. In 2019, he assumed the Presidency of SERPRO, the main state-owned Information Technology company in the Americas. He then became Special Secretary for Debureaucratization, Management and Digital Government, former Ministry of Planning, where he coordinated the elaboration of the Administrative Reform and the GOV.BR Platform, the central nucleus of the Digital Transformation of the Brazilian state.


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