Petrobras’ board of directors has elected Joaquim Silva e Luna to the position of CEO following a ceremony in Rio de Janeiro. Luna was the Brazilian General Director of Itaipu Binacional from February 2019 to April 2021. He is a reserve Army General and served in the Ministry of Defense from March 2014 to January 2019, as General Secretary of the Ministry and as Minister of Defense.
In his inauguration speech, which was broadcasted live, Luna said: “There is no doubt that the main challenges, among many others, are to make Petrobras increasingly stronger, working with a vision for the future, with safety, respect for the environment, for shareholders and for society in general, in order to ensure the highest possible return on the capital employed, to grow with the support of world-class oil and gas assets, in deep and ultradeep waters, relentlessly seeking low efficiency costs.”.