HRT Appoints New CEO HRT Appoints New CEO!
Rio de Janeiro, May 13, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to announce the appointment of Milton Romeu Franke as Chief Executive Officer ("CEO") of the Company effective immediately and in accordance with such unanimous decision of the Board of Directors of the Company.
Milton Romeu Franke joined HRT in 2009 and has served on the Company's Board of Officers with lead responsibility for Engineering, Drilling and Production. During his extensive and prominent career in the energy industry, Mr. Franke worked at Petrobras for 26 years, during which he held senior responsibility for corporate planning, engineering, and research functions, among others. Mr. Franke also provided energy consulting services for ten years together with Booz, Allen & Hamilton, a leading global management consulting firm, and also worked at Brazil's licensing agency, ANP.
John Willott, Chairman of HRT's Board of Directors and formerly VP for Exploration at ExxonMobil, commented, "Milton's vast experience in the industry, his familiarity with HRT, and the respect he commands as a thoughtful and diligent professional will enable him to provide stability and leadership at this important stage of the Company's development. On behalf of the Board of Directors, I congratulate Milton on his appointment to CEO and look forward to working closely with him to deliver HRT's full potential."