February 14, 2012

Petrobras Brazil changes its President – First woman to get this position

The giant Petrobras in Brazil has changed its president. After more than 6 years, Jose Sergio Gabrielli gives the position to Maria das Gracas Foster, who has been working at Petrobras for more than 30 years. She is the first woman to assume an energy company at this size and this economic importance. Take a look into your portfolio and see if you have Petrobras in it, through stocks or as part of funds major holdings. If this is the case make your research to see how and if you could be affected. Petrobras did not have a good performance in the stock markets since 2008 financial crisis, and recover under market expectations. Although after the announcement at the end of last January stocks have decreased a little its value, it is important to see what is in her plans for the future. Enjoy your research!!

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