Who is Pietro Mendes?

Pietro Mendes was the chairman of Petrobras, Brazil's state-run oil company, until his recent resignation.

Why did Pietro Mendes resign from Petrobras?

Pietro Mendes resigned from his role as Petrobras chairman to take on a new position as a director at Brazil's oil and gas regulator, the ANP.

What will happen to Petrobras now that the chairman has resigned?

With Pietro Mendes' resignation, Petrobras' board of directors can now elect a new chairman to serve until the next shareholders' meeting, according to the company's bylaws.

Home / Business and Economy / Petrobras Chairman Resigns, Joins Brazil's Oil Regulator

Petrobras Chairman Resigns, Joins Brazil's Oil Regulator

20 Aug

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Summary

Petrobras chairman Pietro Mendes resigns
Mendes to become director at Brazil's oil and gas regulator ANP
Petrobras board can elect new chairman until next shareholders' meeting

Petrobras Chairman Resigns, Joins Brazil's Oil Regulator

In a significant development, Petrobras, Brazil's state-owned oil company, announced on August 20, 2025 that its chairman, Pietro Mendes, has resigned from his position. Mendes has also stepped down from his seat on the Petrobras board of directors.

The resignation comes as Mendes is set to take on a new role as a director at Brazil's oil and gas regulator, the ANP (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis). His nomination to the ANP was approved by the Brazilian Senate earlier this week.

According to Petrobras' securities filing, the company's bylaws allow the board to elect a new chairman to serve until the next shareholders' meeting. This suggests that Petrobras will be moving quickly to fill the leadership vacancy left by Mendes' departure.

The change in Petrobras' top leadership comes at a critical time for the company and Brazil's energy sector. As the state-run oil firm navigates the challenges of the global energy landscape, the new chairman will be tasked with providing steady guidance and ensuring Petrobras' continued success.

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