Board chairman of Petrobras (NYSE: PBR) resigns to become minister

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras reported that Bruno Moretti has resigned, effective immediately, as Chairman and member of the company’s Board of Directors. The resignation follows his appointment as Brazil’s Minister of Planning and Budget, so the change reflects a shift in his public responsibilities rather than a company-specific dispute disclosed here.

Insights

Corporate governance analyst

Petrobras’ board chair steps down after taking a senior government post.

Petrobras disclosed that Bruno Moretti resigned immediately as Chairman and member of the Board of Directors due to his appointment as Minister of Planning and Budget. The filing does not describe any disagreement or operational issue tied to his departure.

Chair changes can affect board dynamics, but this case is framed as a role change driven by government appointment. The company does not outline succession or interim leadership in this excerpt, so investors will learn details about board reorganization from subsequent company communications.

Key Terms

Form 6-K, foreign private issuer, Form 20-F, forward-looking statements, +2 more

6 terms

Form 6-K regulatory

"FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

foreign private issuer regulatory

"FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"whether the registrant files or will file annual reports under cover Form 20-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

forward-looking statements regulatory

"This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Board of Directors financial

"resignation, effective immediately, of the Chairman of the company's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Minister of Planning and Budget other

"in view of his appointment as Minister of Planning and Budget"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 08:30 PM Learn about SEC filing dates

FAQ

What did Petrobras (PBR) announce in this Form 6-K filing?

Petrobras announced that Bruno Moretti resigned, effective immediately, as Chairman and member of the Board of Directors. The company linked his resignation to his appointment as Brazil’s Minister of Planning and Budget, and provided its usual investor relations contact information for further inquiries.

Who is Bruno Moretti and what role did he leave at Petrobras (PBR)?

Bruno Moretti was the Chairman of the Board of Directors and also a board member at Petrobras. The company disclosed that he resigned from both positions effective immediately, creating a vacancy in its top governance body that will need to be addressed by the board.

Why did Petrobras’ board chairman resign according to the 6-K?

According to the filing, Bruno Moretti resigned as Chairman and board member because he was appointed Brazil’s Minister of Planning and Budget. The company describes the resignation as effective immediately and directly linked to his assumption of this new government position.

Does Petrobras (PBR) mention any dispute or problems linked to the chairman’s resignation?

The company’s disclosure states only that Bruno Moretti resigned as Chairman and director due to his appointment as Minister of Planning and Budget. It does not mention any dispute, disagreement, or operational issue associated with his departure in the provided text.

What type of SEC filer is Petrobras (PBR) in this document?

Petrobras is identified as a foreign private issuer in this document and indicates it files its annual reports under Form 20-F. The report itself is a Form 6-K, which foreign private issuers use to furnish current information to investors in U.S. markets.

Who signed the Petrobras (PBR) Form 6-K covering the chairman’s resignation?

The Form 6-K was signed on behalf of Petrobras by Fernando Sabbi Melgarejo. He is identified in the document as the company’s Chief Financial Officer and Investor Relations Officer, reflecting his responsibility for financial reporting and investor communications.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of March, 2026

Commission File Number 1-15106

PETRÓLEO BRASILEIRO S.A. – PETROBRAS

(Exact name of registrant as specified in its charter)

Brazilian Petroleum Corporation – PETROBRAS

(Translation of Registrant's name into English)

Avenida Henrique Valadares, 28 – 9th floor 
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

Petrobras informs about the Chairman of the Board of Directors

—

Rio de Janeiro, March 31, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has received today the resignation, effective immediately, of the Chairman of the company's Board of Directors, Bruno Moretti, from his positions as Chairman and member of the Board of Directors, in view of his appointment as Minister of Planning and Budget.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations

Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

SIGNATURES

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: March 31, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer