Petrobras Dream Team Splits on Approach to Turnaround

Updated on
  • Petrobras had won praise for setting up independent board
  • Conflicts about asset sales preceded Vale CEO's departure

Murilo Ferreira. Photographer: Dado Galdieri/Bloomberg

This was the year Petroleo Brasileiro SA investors got what they had sought for decades: a chief executive with a mission to streamline and an independent chairman. Now one of them is gone.

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