Business

Trucker protests lead to supply crisis and could force out Petrobras CEO

petrobras CEO truckers protest brazil
Truckers protest could push out Petrobras CEO. Photo: ABr
petrobras CEO truckers protest brazil
Trucker protest could push out Petrobras CEO. Photo: ABr

When Pedro Parente took over as Petrobras CEO, he assured investors that the government would not interfere with the company’s pricing policy. That decision would be strictly based on business, Parente said at the time. Almost two years later, however, the executive is being forced to accept political intervention.

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