Petrobras: Election of the Director of Governance and Compliance and reelection of the other Executive Officers

Election of the Director of Governance and Compliance and reelection of the other Executive Officers

Petrobras informs that its Board of Directors, at a meeting held yesterday, elected Mr. Rafael Mendes Gomes for the position of Director of Governance and Compliance.

The Board of Directors elected the new Director, based on a triple list of Brazilian professionals pre-selected through a process conducted by a specialized company in human resourses, which sought market professionals with recognized competence in the area. In addition, the executive was subject to prior analysis by the Nominating, Compensation and Succession Committee of Petrobras' Board of Directors.

The Director João Adalberto Elek Junior remains as  Director of Governance and Compliance until the new Director takes office.

Rafael Mendes Gomes graduated from the Faculdade de Direito da Universidade de São Paulo  (“USP Law School”) and postgraduated in Business Law by the Pontifícia Universidade Católica de São Paulo (PUC-SP) and in Business in The Digital Era by Fundação Getúlio Vargas de São Paulo (FGV/SP). In 2009, he concluded the Advanced Management Program of the School of Management of IESE, from the Universidad de Navarra (Spain) and obtained certification as a Professional Compliance and Ethics Certificate (CCEP) from the Society of Corporate Compliance and Ethics. He was a lawyer at Tozzini, Freire Advogados and Legal Director and Assistant General Counsel of Sun Microsystems. He was Vice-President, General Counsel and Chief Ethics and Compliance Officer of Walmart Brasil Ltda, responsible for the compliance program of Walmart Brasil. He held the position as senior partner at Chediak Advogados, responsible for the ??Compliance and Investigation area, and professor in various instituições such as IBP (Brazilian Institute of Petroleum, Gás e Biofuels);  CPEC (Center for Learning and Research  in Compliance, in partnership with the Universidad de Castilla - La Mancha, Spain); and LEC (Legal Ethics and Compliance).

Additionally, the Board of Directors approved the reelection of Petrobras other Executive Officers:

- Chief Human Resources, HSE and Services Executive Officer: Mr. Eberaldo de Almeida Neto;

- Chief Technology and Production Development Executive Officer: Mr. Hugo Repsold Júnior;

- Chief Strategy, Organization and Management System Executive Officer: Sr. Nelson Luiz Costa Silva;

- Chief Exploration and Production Executive Officer: Ms. Solange da Silva Guedes;  

- Chief Financial and Investor Relations Executive Officer: Mr. Ivan de Souza Monteiro; and

- Chief Refining and Natural Gas Executive Officer: Mr. Jorge Celestino Ramos.

The new mandates will last until March 26, 2019, unifying the terms for all members of the Executive Board with the current term of the President of Petrobras Pedro Pullen Parente, as determined in the legislation governing the state-owned enterprises.