Petrobras Loses Chairman As Disagreements, Environmental Disaster Come Into Focus

Petrobras, the state-run energy concern that Bridgewater Associates categorized as a potential systemic risk to the Brazilian economy, lost its Chairman after Murilo Ferreira resigned Monday. Ferreira resignation comes after “clash” with CEO and trouble at his separate mining company The resignation came as Ferreira was reported as having a difference of opinion with Chief Executive and Vale SA, the Brazilian mining company where Ferreira was chief executive, became embroiled in an environmental disaster. Ferreira, who was appointed to Chairman of Petrobras in April 2015 as a corruption scandal engulfed the state-run energy concern, was reported by The New York…