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FILE PHOTO: Economist Roberto Castello Branco, next chief executive of Petroleo Brasileiro SA, arrives for a meeting in Brasilia<br>Thomson Reuters<br><br><br><br><br>By Gram Slattery<br><br>RIO DE JANEIRO (Reuters) - Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA , will either save the indebted oil major - or strip it to the bone. <br><br>Tapped by far-right President Jair Bolsonaro, who took power on Tuesday, Castello Branco had said in a June newspaper column he thought Petrobras - as the company is known - should be privatized, a hardcore proposal even in an [http://Www.Techandtrends.com/?s=administration%20packed administration packed] with free market advocates. <br><br>He has walked back on that idea since being named as CEO in November, saying such a move is not in his mandate, but has indicated he remains laser-focused on an ambitious divestment program, aimed at cutting Petrobras' staggering net debt, which stood at $73 billion as of the third quarter. <br><br>Castello Branco has sharply criticized the former government for meddling in domestic diesel [http://www.Usatoday.com/search/pricing/ pricing]. In an interview last year with Reuters, he also complained about courts blocking Petrobras asset sales, which include four refineries and a pipeline subsidiary known as TAG, among many others.<br><br>In case you beloved this post and you desire to obtain more information with regards to [http://newstrendday.blogspot.com/ Movie Trailers News] kindly stop by the website.