Braskem Announces New Board Nominees, Including Petrobras CEO as Chairman, Reflecting Recent Ownership Change

summarizeSummary

Braskem announced a revised slate of Board of Directors nominees for its upcoming Annual General Meeting, including the CEO of Petrobras as the proposed Chairman and the CEO of Novonor as Vice-Chairman, reflecting the recent change in controlling ownership.

check_boxKey Events

• New Board Nominees Announced

  Braskem informed shareholders of a revised slate of candidates for its Board of Directors, to be voted on at the Annual General Meeting on April 29, 2026.

• Key Leadership Appointments

  Ms. Magda Maria de Regina Chambriard, CEO of Petróleo Brasileiro S.A. – Petrobras, was nominated for Chairman of the Board, and Mr. Héctor Nuñez, CEO of Novonor S.A., was nominated for Vice-Chairman.

• Reflects Recent Ownership Change

  These board changes are a direct consequence of the definitive agreement for Novonor to sell a significant stake to Shine I Fundo de Investimento, establishing shared control with Petrobras, as previously disclosed on April 20 and April 24, 2026.

• High-Profile Executive Appointments

  The new nominees include several high-ranking executives from the controlling shareholders, indicating a strong alignment of governance with the new ownership structure.

auto_awesomeAnalysis

This filing formalizes the new governance structure following the recent change in Braskem's controlling ownership. The appointment of high-level executives from both Petrobras and Novonor to key board positions, including Chairman and Vice-Chairman, signifies direct and active control by the new co-controlling shareholders. Investors should monitor how this new board composition influences Braskem's strategic direction and operational decisions, particularly given the significant roles of the Petrobras CEO and Novonor CEO.