HRT Founder and CEO Steps Down (Brazil)

Brazilian oil company HRT Participações em Petróleo S.A. on Friday, May 20, announced that Marcio Rocha Mello’s resigned as Chief Executive Officer of the company. He will remain as a member of the Board of Directors of the Company.

“I resign to the position of Chief Executive Officer of HRT, the Company I had proudly built in the last three years with a committed world-class team focused on the objective of building one of the major independent oil & gas companies in Brazil. I resign to the CEO position, but never to HRT. I remain as a member of the Board of Directors contributing with the Company on the achievements of its goals”, he said.

John Willott, the Chairman of the HRT Board of Directors, said: “We deeply regret that Marcio Mello, the founder and CEO of HRT, had chosen to resign from HRT. The Board of Directors asked Marcio to reconsider his decision, but Marcio declined. However, he will remain an active member of the Board, where he will work to advance the success of HRT. The Company will miss him. Marcio’s leadership and energy are unique.”