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Ex-regulator confirmed as new Petrobras chief
Brazil’s state-run oil company, Petrobras, confirmed former regulator Magda Chambriard as its new chief executive Friday, 10 days after left-wing President Luiz Inacio Lula da Silva sacked her predecessor. Lula has been pushing for Petrobras to invest more, saying it will boost Latin America’s biggest economy—a spending spree resisted by investors. Petrobras said its board had named Chambriard as a member and elected her chief executive, effective immediately. She is the second woman to hold the post, after Graca Foster, from 2012 to 2015. The 66-year-old chemical and civil engineer started her career at ... (full story)