During a meeting held this Thursday (04/22) at Petrobras headquarters, in Rio de Janeiro, the Ordinary and Extraordinary General Shareholders' Meeting elected the new chairman of the Board of Directors of the Company, finance minister Guido Mantega.

The shareholders also elected the following people as representatives of the controlling shareholder for a term of one year,: Márcio Zimmermann, José Sergio Gabrielli de Azevedo, Francisco Roberto de Albuquerque, Luciano Coutinho, Sergio Quintela Franklin, and Silas Rondeau Cavalcanti Silva. Fabio Colletti Barbosa (common shares) and Jorge Johannpeter (preferred shares) were elected as representatives of the minority shareholders.

The Ordinary Meeting also approved the Management's Report and the Financial Statements for 2009, the Capital Budget for fiscal year 2010 totaling R$58,031,450,298.00, and the allocation of the 2009 results, which totaled a profit of R$29.3 billion. The Capital budget regards Petrobras Controladora, and does not include other companies in the Petrobras system.

Of the total investment, 48.2% are earmarked for the Exploration & Production area, 44% for Downstream, 3% for the Gas & Energy area, and 4.8% for other business areas. Of the total amount, R$47.9 billion will be from own resources and R$10.112 billion from third party resources.

Tags: Petrobras