Energy Advisor

Anabel Teixeira, associate at the Brazil and Southern Cone practice at McLarty Associates: “After much speculation, current Petrobras president and Bolsonaro appointee, Caio Mário Paes de Andrade has announced he will depart from his current role to join São Paulo Governor-elect Tarcísio de Freitas’ government as part of the Secretariat for Management and Digital Government team. President-elect Luiz Inácio Lula da Silva is expected to appoint an executive and senior management team that shares his vision for overhauling Petrobras, redirecting much of Petrobras’ investment strategy toward development of clean energy sources such as renewables and biofuels. Lula has also stated that Petrobras’ role is one of economic development and job creation and that, unsurprisingly, privatizing the state-owned oil company is…”