Former BG Brasil chief lands top Petrobras advisory job

Bnamericas Published: Monday, June 06, 2016

Brazil's state-run oil company Petrobras has appointed former BG Brasil chief Nelson Silva as senior consultant, according to widespread media reports.

Silva will be responsible for "redesigning" the company's structure as it struggles to overcome a devastating corruption scandal, Folha de São Paulo newspaper said.

He is expected to report directly to CEO Pedro Parente, who replaced Aldemir Bendine last week following the suspension of President Dilma Rousseff pending an impeachment trial.

Among his immediate tasks will be to help Petrobras achieve its goal of raising more than US$14bn from asset sales this year. Analysts say the divestments are crucial to Petrobras' hopes of averting a debt crisis and bankrolling new deepwater projects.

Silva served as CEO of BG Group's Brazilian unit before its sale to Royal Dutch Shell in April.

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