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She also named Kenneth Hylander, chief safety officer at Amtrak and a former senior safety executive at Delta and Northwest airlines, and J. David Grizzle, chairman of the board of Republic Airways and a former FAA chief counsel. The committee is “specifically tasked to review the 737 MAX 800 certification process from 2012 to 2017, and recommend improvements to the certification process.”. U.S. lawmakers have criticized the FAA’s program that allows Boeing Co (BA.N) and other manufacturers to oversee the process that ensures air worthiness and other vital safety aspects of new aircraft.
RIO DE JANEIRO (Reuters) - Brazil’s Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm’s traders in December indicated that efforts to root out corruption had faltered, according to three people familiar with the matter, In recent weeks, officials at Petrobras, as the firm is known, have summoned a number of current and former employees who had flagged instances of corruption at the company, graduation cap cufflinks particularly in relation to its trading operations, the sources said..
Company officials questioned the employees on how their complaints had been handled, said the people, who requested anonymity to discuss internal matters. Some of the employees said they were unsatisfied with the company’s response and believed the wrongdoing was not addressed, sources said. In a statement, Petrobras said it was not investigating its controls but rather carrying out a thorough internal probe relating to the December oil trading indictments, with some 27 professionals looking into the matter.
The firm said it could not go into detail regarding the internal probe, citing the need to protect employees and the integrity of the investigation, The enquiry underlines how Petrobras is still working to improve compliance and root out the graft at the center of Brazil’s five-year “Car Wash” investigation, considered by U.S, law enforcement to be the largest corporate graduation cap cufflinks corruption case ever, The scandal has spread across Latin America, toppling governments, destroying business empires and leading Peru’s former president Alan Garcia to kill himself last week to avoid arrest in a related investigation..
Petrobras has said that a robust compliance department and beefed up internal investigations team have helped it to correct course since the Car Wash probes came to light in 2014 with revelations about political bribes paid by contracting firms. However, in December, Brazilian prosecutors blew the lid off another kickback scheme, this time in the oil trading division of Petrobras, which also implicated commodities trading giants Glencore PLC, Vitol SA and Trafigura AG. In March, Reuters reported that Petrobras officials had known of problems in its oil trading operations for years, although the company failed to quickly identify suspects and sideline them from operations.
Of the six people indicted in December, one pled guilty to conspiracy to commit money laundering and is cooperating with U.S, authorities in a parallel investigation of the scheme, Reuters reported in February, Those indictments were focused on the company’s Houston trading desk, Some of the employees interviewed by Petrobras in recent weeks had previously complained of irregularities graduation cap cufflinks at the Singapore desk, the sources said, raising the possibility that the probe could expand geographically..
Petrobras did not comment on those allegations. According to documents sent to Brazilian federal police investigators and seen by Reuters, a Singaporean employee complained to Petrobras officials in December 2012 of irregular trading of bunker fuel, which is used by ships. A subsequent internal investigation found that Petrobras had paid unusual premiums for a significant quantity of bunker fuel in 2012, according to the documents, which were dated late 2012 and early 2013. Internal investigators recommended a series of measures to improve transparency at the Singaporean trading unit. It is unclear if those measures were carried out.
(Reuters) - Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing graduation cap cufflinks veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies, Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, where he rose to become the company’s global head of marketing, building sales of beer brands Corona, Budweiser and others..