Sao Paulo---Brazilian banking executive Aldemir Bendine, the head of state-controlled Banco do Brasil, will be the new chief executive of scandal-hit oil giant Petrobras, media reports said Friday.
Petrobras, Brazil's largest company, has been thrown into crisis by allegations that executives colluded with construction firms to steal $4 billion from the oil giant's coffers, with some of the cash being paid out in bribes to politicians including members of President Dilma Rousseff's coalition.
The company did not confirm the naming of its new CEO, which will only be officially announced after markets close around 5:30 pm (1930 GMT).
AFP
