The board of directors of Maha Energy AB (publ) announced that it has appointed Paulo Thiago Mendonça as CEO of the Company. Former CEO Jonas Lindvall will with this step down from their positions as per today. During a short time ahead Jonas Lindvall will help with the transition of duties to the new CEO. CEO – Paulo Thiago Mendonça, born in 1988, Experience: Paulo Thiago Mendonça is currently a Managing Director at Starboard, responsible for private equity investments in the O&G industry. Paulo has previously been the Head of Investment Banking at Brasil Plural's Investment Banking division, responsible for M&A, equity and capital market transactions and worked at the Asset Management in Brasil Plural. Paulo has extensive experience in the oil and gas industry and has led more than USD 5 bn of important transactions in the sector. Education: Degree in Mechanical Engineering (cum laude) from the Federal University of Rio de Janeiro (UFRJ). Other assignments: Managing Director of the Starboard Group.
Previous assignments (last five years): Chairman and Board Member as well as Director of Business Development in 3R Petroleum. Responsible for raising more than USD 2.0 billion in equity and debt, Paulo was the key person in 3R Petroleum, contributing to create the company and turn 3R Petroleum in a public held company, with traded in the Brazilian Stock Exchange, and to build 3R Petroleum current success as a pioneer independent oil and gas company in Brazil with an approximately USD 2.0 bn in market capitalization. Head of Investment Banking at Brasil Plural´s Investment Banking division.