UPDATE 2-Board of Petrobras approves shareholders' meeting; end of the line for CEO
Contributed by NAMPA / Reuters.
(Updates to reflect board decision, updates share price)
By Gram Slattery, Rodrigo Viga Gaier and Marta Nogueira
RIO DE JANEIRO, Feb 23 (Reuters) - The board of Brazilian
state-run oil Petrobras on Tuesday called for an extraordinary
shareholders' meeting, a move that all but guarantees the exit
of current Chief Executive Roberto Castello Branco.
In a statement, Petroleo Brasileiro SA, as the
company is officially known, said it had called the meeting in