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Brazilian leader names new CEO of scandal-tainted Petrobras

Anti-corruption investigators uncovered a massive fraud scheme in which Petrobras executives colluded with contractors to embezzle more than $2 billionBrasília (AFP) – Brazil’s acting president Michel Temer on Thursday named a new chairman for the scandal-tainted state oil company Petrobras. The new boss is Pedro Parente, a former government minister and until now chairman of Bunge, a big agribusiness and food company. Parente was chief of staff for then-president Fernando Henrique Cardoso from 1999 to 2003, and has also served minister of planning and of mines and energy.

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