Brazil: Hygo Energy names new CEO after predecessor resigned amid Brazil graft probe

Hygo Energy Transition Ltd HYGO.O, a joint venture between Golar LNG GLNG.O and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after his predecessor, Eduardo Antonello, stepped down amid a Brazilian corruption investigation.

Golar made the announcement on Monday. The move is part of Golar’s effort to prevent the probe from disrupting the expansion of liquefied natural gas (LNG) use in Brazil.

In the latest phase of Brazil’s “Car Wash” corruption probe, two witnesses said the former Hygo CEO was part of a bribery scheme in 2011 when he worked at Seadrill Ltd SDRL.OL, a claim that Antonello has denied through his attorney.

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(Photo: Hygo Energy Transition)

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