Our Board of Directors approved our new organizational structure and new management and governance model.
The reformulation was made as part of our response to the new reality of the oil and gas industry, which has led us to prioritize more profitable activities, making us more competitive.
Read our statement (01/12/2016):
Petrobras hereby announces that its Board of Directors has approved certain adjustments to the 2015-2019 Business and Management Plan (2015-2019 BMP).
These adjustments are designed to preserve the fundamental objectives of deleveraging and the generation of value for shareholders established by the 2015-2019 BMP in the light of new oil price and exchange rate levels.
2015 was very challenging, and a period of deep changes in our governance. It was marked by the appointment of a new board and the setting of new operational records, with production in pre-salt layer averaging 919,000 barrels of oil equivalent per day in the first nine months of 2015. These were some of the topics addressed during an Executive Board breakfast with journalists who cover our daily activities, held on Tuesday (Dec. 15), at our main office in Rio de Janeiro.
On the International Day Against Corruption (Dec. 9), we brought together the Executive Board and managers at our headquarters, in Rio de Janeiro, to take stock of the compliance actions we have implemented. At the event, which was broadcast live to the entire workforce, Governance, Risk, and Compliance director João Elek analyzed the achievements made in the 11-month period he has been at the helm of the area. He highlighted measures such as Due Diligence in Integrity and the Denunciation Channel, among others.