First Woman Named CEO Of Brazil's State Oil Co.
RENEE MONTAGNE, HOST:
NPR's business news starts with another powerful woman in Brazil.
The Brazilian state oil company has a new chief executive. Her name is Maria das Gracas Foster. Petrobras is the world's fifth-largest oil producer, and Foster becomes the first woman to run a top-five oil company. This comes as the firm looks to double its production by 2020.
The company's stocks surged on news of the appointment. Foster will be the second-most powerful woman in Brazil, after the president.
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.