The board of directors of Brazil's state-controlled oil firm Petroleo Brasileiro SA (PETR4.SA) authorized holding an extraordinary shareholders meeting to elect eight new board members, the company said in a securities filing on Tuesday.
People walk in front of the headquarters of Petroleo Brasileiro S.A. in Rio de Janeiro, Brazil March 9, 2020. REUTERS/Sergio Moraes/File Photo
authorized holding an extraordinary shareholders meeting to elect eight new board members, the company said in a securities filing on Tuesday."The Company reiterates its commitment to transparency and will keep the market informed about possible developments," the filing said. Gasparino tendered his resignation just four days after his election to the post, alleging that market shareholders were being deprived of their full voting rights.
The Petrobras board has seven government-appointed members, one representing workers and three representing market investors.
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