This excerpt taken from the PBR 6-K filed Aug 1, 2005.
New CFO and Investor Relations Director
(Rio de Janeiro, July 29, 2005). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces that today, Mr. Almir Guilherme Barbassa was confirmed as the new CFO and Investor Relations Director.
Mr. Barbassa has a Master degree in Econimics by FGV/RJ (Getulio Vargas Foundation) and held the post of Executive Manager of Corporate Finance of Petrobras since July 12th, 1999. He joined the company in 1974 and served in Braspetro as Financial Manager in the Middle East, North Africa, the United States and Brazil, and as its Financial Director from 1993 to 1999. He is the President and Chief Executive Officer of Petrobras International Finance Company - PIFCO and Petrobras Netherlands BV (PNBV). In addition, he was a professor in the Economic Department of the Petrópolis Catholic University and of the Faculdades Integradas Bennett from 1973 to 1979.
Petróleo Brasileiro S.A PETROBRAS
Investor Relations Department
Raul Adalberto de Campos Executive Manager
Av. República do Chile, 65 - 4th floor
20031-912 Rio de Janeiro, RJ
(55-21) 3224-1510 / 9947
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 29, 2005
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually oc cur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.