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Brazil's Petrobras approves Chambriard as new CEO - Yahoo Finance

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Brazil's Petrobras approves Chambriard as new CEO

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SAO PAULO (Reuters) - Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new Chief Executive.

Chambriard, who was also appointed to a seat on the board, has already taken office in the position, Petrobras said in a securities filing.

(Reporting by Peter Frontini; Editing by Gabriel Araujo)

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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