Army General Running Petrobras Will Learn About Oil on the Job
- Silva e Luna, nominated by Bolsonaro, is ex-Defense Minister
- Investors dumped Petrobras assets on intervention concerns
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Neither the incoming nor the outgoing CEO of state-controlled oil giant Petroleo Brasileiro SA is an oil man. Neither in fact had ever worked a day in the industry before being nominated to the job.
But that’s where the similarities between Joaquim Silva e Luna and Roberto Castello Branco end.