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Brazil's Enauta appoints Decio Oddone to replace Lincoln Guardado as CEO

Sabrina Valle
·1 min read

By Sabrina Valle

RIO DE JANEIRO, Sept 17 (Reuters) - Decio Oddone, the former head of Brazil's national oil regulator, will replace Lincoln Guardado as chief executive officer of oil producer Enauta Participações SA, the company said in a statement on Thursday.

Enauta's board is expected to confirm Oddone's nomination on Monday, the oil producer said.

Guardado has decided to step down after more than 10 years in the position and has overseen the succession process, Enauta said.

Oddone, who made a career at state-controlled oil company Petroleo Brasileiro SA, stepped down as the head of Brazil's national oil regulator, known as the ANP, in January at the end of his four-year term.

Oddone oversaw a record 11 oil auctions as ANP head. The engineer was part of a government effort to ease regulations in the oil sector, in a bid to reduce Petrobras's dominance and welcome foreign producers to the country's deepwater fields. (Reporting by Sabrina Valle; Editing by Lincoln Feast.)