Bolsonaro Decides to Fire Petrobras President

General was targeted by Palácio do Planalto after a mega-increase in fuel prices; Adriano Pires will be new president

The president of Petrobras, General Joaquim Silva e Luna, learned this Monday (28) that he will be replaced by Adriano Pires. Folha confirmed the information with allies of the military and auxiliaries from the Planalto Palace and the Ministry of Mines and Energy.

FILE PHOTO: Joaquim Silva e Luna, CEO of Brazil's state-run oil company Petrobras speaks during a session at the plenary of the Chamber of Deputies in Brasilia in Brasilia, Brazil September 14, 2021. REUTERS/Adriano Machado/File Photo - REUTERS

Earlier in the evening, Palácio do Planalto confirmed the change and announced the composition of the new board.

The military officer’s resignation comes after a series of frictions with President Jair Bolsonaro (PL) due to the mega-increase in fuel prices promoted by the company. Adriano Pires, current director of the Brazilian Infrastructure Center (CBIE) was appointed to take his place. His name, however, did not go down well in the government, especially among the high-ranking military linked to the Minister of Mines and Energy, Bento Albuquerque, who worked to keep Silva and Luna in office.

Translated by Kiratiana Freelon

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