Tag: José Mauro Coelho

• Tuesday, June 21st 2022 - 09:21 UTC

  Petrobras CEO Coelho bows to pressure and resigns

  

  After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.