New CEO presents the pillars that should guide our management

 "The first pillar is the consolidation of a new corporate governance, one that is able to ensure the company's full recovery and credibility among its shareholders, suppliers, the market, public and legal authorities, and the whole of society," he said. "The second pillar is the adoption of economic and financial responsibility in absolutely all company plans and actions," he remarked, noting that investments and actions must be clearly related to the ability to generate adequate economic return. The third pillar is strengthening risk management. "Risks include not only the strategic and operational ones, but also market, credit, and image risks, with careful attention to operating safety and environmental risks," he said.

During his address, the new CEO announced that on May 8 we reached the daily peak of 1 million barrels of oil produced in the pre-salt, less than ten years after the first discovery was made in that region. To reach a total output of 1 million barrels of oil per day, the country took 45 years, recalled the executive.

Parente also spoke of our commitment to continue cooperating with the ongoing investigations. "We will continue to contribute in an unrestricted, tireless manner with the ‘Car Wash’ Operation, because, as victims, we are the ones most interested in the full elucidation of all crimes and their repair. There is no question that Petrobras is now a major player in the pursuit for truth. Mechanisms such as the independent special committee, led with great skill by the former president of the Supreme Court, Ellen Gracie, the internal audits, and the channels for receiving complaints will have my full support,” he noted.

The new president stressed the importance of the disinvestment plan and highlighted that he will seek an appropriate ratio between our debt and capital. In an address directed to the employees, he asked that dedication and commitment be maintained so that we can recover: "With hard, serious work, we will be able to bring the company back to the position it deserves: A benchmark on the market, the dream job for young people, and a source of pride for all Brazilians."

The ceremony held at our headquarters, in Rio de Janeiro, was attended by the Minister of Mines and Energy, Fernando Coelho Filho; the acting governor of the state of Rio de Janeiro, Francisco Dornelles; the chairman of our board of directors, Luiz Nelson Guedes de Carvalho; and by board members and executives.

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