Petrobras votes salary increase of almost 44% for executives; president can earn more than R$ 165 thousand

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Current remuneration of the head of the company, even without the readjustment, is equivalent to 18.19% of what is practiced by the market, informed the oil company. Petrobras headquarters building, in downtown Rio Marcos Serra Lima/g1 The Petrobras shareholders’ meeting will vote this Thursday (27) on a 43.88% increase in the salaries of directors and the president of the state-owned company, Jean Paul Prates . If the readjustment is approved, the income of the head of the oil company, for example, should rise from R$ 115,000 to more than R$ 165,000 per month. According to Petrobras, the readjustment in earnings is based on the National Consumer Price Index (INPC) accumulated from 2013 to 2022. Questioned by g1, the company did not confirm whether the measure takes effect immediately. The proposal had already been approved and forwarded by the Board of Directors (CA) of the oil company in March 2023. The Ordinary General Meeting (AGO), which can confirm the decision, is scheduled to start at 1 pm this Thursday. In a report prior to the AGO, the company reported that the total remuneration for the position of president was the equivalent of 18.19% of what was practiced by the market throughout 2022. It also stated that the salary of directors in the same period was the equivalent of 54.85% of the average practiced by companies. The proposals discussed this Thursday include the remuneration of managers, members of the Fiscal Council and members of the statutory advisory committees to the Board of Directors (CA), including: proposal for setting the monthly fees (payments) of CA members and holders of the Fiscal Council; proposal for setting the monthly fees of the members of the Audit Committee and Audit Committee of the Conglomerate; proposal for setting the monthly fees of the members of the other advisory committees of the Board of Directors. Still according to a Petrobras report, if approved, the proposals add up to a disbursement of up to R$ 54.26 million for the period from April this year to March 2024, an amount that represents an increase of 37.1% in relation to that approved by the AGO in 2022.

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