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M. Continuo

Brazil's president sets plan to replace Petrobras management: source


    BRASILIA (Reuters) - Brazil's President Dilma Rousseff accepted an offer by Petrobras Chief Executive Officer Maria das Graças Foster to step down this month, setting in motion a plan to replace senior management at the embattled state-run oil company, a government source said on Tuesday.

    Earlier on Tuesday, presidential spokesman Thomas Traumann denied that Rousseff and Foster reached a conclusion about her possible resignation in a meeting at the presidential palace. [ID:nL1N0VD11B]

    (Reporting by Luciana Otoni; Editing by Lisa Shumaker)