Ivan Monteiro, chief executive officer of Petroleos Brasileiros SA (Petrobras), leaves the National Congress building following a congressional meeting in Brasilia, Brazil. (Photographer: Andre Coelho/Bloomberg)

Is This Good-Bye? Petrobras CEO Ends Presser on Sentimental Note

(Bloomberg) -- Ivan Monteiro concluded the presentation of Petrobras’ quarterly financial results, perhaps his last as chief executive of the state-controlled oil producer, by praising the company’s progress in the past four years and offering an unusual “thank you” to the media.

Monteiro was chief financial officer of Petroleo Brasileiro SA in 2015, when the company struggled to publish its financial reports amid billions of dollars in writedowns related to a corruption scandal uncovered by the Carwash investigation. He became CEO when Pedro Parente resigned after a nationwide trucker strike this year. It’s not clear whether Monteiro will remain in the job under the presidency of Jair Bolsonaro in 2019.

Is This Good-Bye? Petrobras CEO Ends Presser on Sentimental Note

“The next government will have all the freedom to make any changes it deems necessary,” he told reporters when asked about possible shifts in Petrobras’ management.

Monteiro declined to say whether he would like to keep the job. So far he hasn’t received an invitation to stay, he said, before ending the meeting by offering “a special hug to journalists who covered Petrobras all these years.”

Asked whether that was a farewell, he only smiled.

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