HRT Names CEO

Brazil’s HRT Participacoes em Petroleo has named Milton Franke as CEO, it says. He replaces Marcio Rocha Mello, who announced this past weekend his resignation as CEO of the exploration and production company after three years in the post. Mello remains as a board member. Franke has been with HRT since 2009, in positions overseeing engineering, drilling and production. He previously worked at Petrobras and Booz, Allen & Hamilton. Wagner Peres, president of HRT America, is also stepping down from his role, though he stays on with the board of directors. A replacement for Pires has not been named.