“Petrobras is perfectly capable of guaranteeing returns for its shareholders, whether private or governmental,” Chambriard said Monday in her first public comments as CEO. “I understand we need to make a profit.”
The new CEO of Brazil’s Petrobras has tried to soothe investor concerns about ramping up investments during her first public comments at the helm of Latin America’s biggest oil producer.
Magda Chambriard was formally appointed to the role last week at a time of growing concern from investors about government intervention in Petroleo Brasileiro SA. Her predecessor was fired due to a dispute over the amount of dividends the company paid instead of using the money for investments.
