O presidente da Petrobras, Aldemir Bendine, só bate cartão na sede da empresa no Rio de Janeiro entre terça e quinta-feira, aponta o jornal norte-americano The Wall Street Journal. A jornada de trabalho do executivo teria rendido, segundo o WSJ, o apelido “TQQ” entre os funcionários – um acrônimo para os dias em que ele aparece: terça, quarta e quinta-feira.

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2016 is not likely to be a good year for both Petroleo Brasileiro SA Petrobras (NYSE:PBR) and CEO Aldemir Bendine. According to the Wall Street Journal (WSJ), numerous analysts believe that the CEO will continue to face numerous challenges, which include low crude oil prices, a multi-billion dollar corruption scandal, weak Brazilian economy, and the powerful workers’ unions. Moreover, many people doubt Mr. Bendine’s ability to successfully face these market challenges.

The corruption scandal and the commodity market downturn have increased Petrobras’ debt burden to more than $130 billion. Among the industry peers, the energy giant is the most-indebted one. Petrobras’ financial performance has not been quite impressive in the past few months either.

In third quarter of fiscal 2015 (3QFY15), the state-owned oil major reported a net loss worth $97.3 million; alongside, its stock price suffered a 37% decline in the past 12 months. This underperformance trend is likely to continue this year, as not much has changed in Petrobras’ external environment.

Last year, Brazil President Dilma Rousseff appointed Mr. Bendine to help the oil corporation recover from the massive corruption scandal. However, in his 11-month tenure, the CEO failed to impress Petrobras’ other top executives and investors, as well as the general public. While some other major financial issues were addressed under his leadership, and the company resumed its financial reporting, Mr. Bendine did not take enough measures to move the federally-operated energy company out of its myriad problems.

According to news sources, Mr. Bendine only spends three days in the company, despite the worsening crude oil market and the ongoing corruption scandal investigation—dubbed Operation Car Wash. Therefore, he has been nicknamed “TQQ” (Tuesday, Wednesday, Thursday) in the company.

While Mr. Bendine’s non-seriousness is a serious concern for Petrobras, people also questioned his management and people skills. He did not achieve his asset divestiture target last year, and also failed to deal with the workers’ union in November.

In July, Petrobras announced to offload assets worth $15.1 billion by the end of CY16, and $47 billion by CY18. However, it only achieved 3% of its target last year. Moreover, as crude oil prices seem to bounce back, it is difficult for the oil giant to find qualified buyers for its assets.

Although Petrobras successfully managed to survive the year, Mr. Bendine’s lack of industry experience and lack of attention to the company’s operations may have a negative impact. According to economists and market experts, Petrobras’ CY16 outlook looks bleak, as the commodity market is in bad shape, similar to the Brazilian economy.

In a recent conference, Mr. Bendine acknowledged that the company has serious problems to deal with. However, he is optimistic about the company’s future, as he mentioned that the conditions are “totally manageable.”

Bidness Etc believes that as crude oil prices are not expected to recover soon, and as the probe into the corruption scandal is also unlikely to complete in the near future, Mr. Bendine should start to concentrate his efforts on Petrobras’ operations. He is required to do so to help the company improve its financial performance, and revive investor confidence.