Arizona Public Radio | Your Source for NPR News
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
KNAU Arizona Public Radio continues to integrate new audio software into both our news and classical services, resulting in some glitches. Thank you for your support and patience through this upgrade.

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. Transcript provided by NPR, Copyright NPR.