Petrobras CEO Magda Chambriard elected chair of Braskem board amid ownership reshuffle

Magda Chambriard, CEO of Petrobras, has been elected chair of the board of Braskem, following recent changes in the company’s ownership structure.

The appointment comes amid the ongoing transition of control previously held by Novonor, marking a new phase in Braskem’s governance.

Petrobras holds approximately 47% of voting shares and 36.1% of total capital in Braskem, positioning itself as a key shareholder in the company. Chambriard’s election reinforces Petrobras’ role in the company’s strategic direction at a time of broader restructuring.

The move reflects a shift toward greater influence over governance without changes in equity participation, as Petrobras continues to reassess its position across the downstream and petrochemical segments.

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