News ReleaseNEWS RELEASE
CHANGES IN PETRORIO'S MANAGEMENT
Rio de Janeiro, January 29, 2015 - PetroRio1, the new brand of HRT Participações em Petróleo S.A. (the "Company" or "PetroRio"), hereby informs its shareholders and the market in general that, at a Board of Directors meeting held on this date, the Board Members were informed of the resignations of Ricardo Bottas Dourado from the position of Chief Financial Officer, and Eduardo Laranjeira Jácome from the position of Organizational Management and Investor Relations Officer. During this same meeting, the Board Members unanimously approved the appointment of Guilherme Marques to fill the position of Chief Financial and Investor Relations Officer.
The Company's Management will now be composed of the following members: Milton Franke, Chief Executive Officer, Guilherme Marques, Chief Financial and Investor Relations Officer, Ricardo Wagner, Chief Legal Officer and Jose Carlos Pedrosa, Chief Commercial and Business Development Officer.
The organizational changes reinforce the alignment of PetroRio's Management with the strategy that has been rigorously implemented and that prioritizes production increases through production asset acquisitions, reduced production costs and corporate expenses, the elimination of exploration risks and the creation of value for shareholders.
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