Brazil's Oi says CFO Guimarães resigns

September 12, 2016 8:51 PM EDT

Consumers stand in front of an Oi store, Brazil's largest fixed-line telecoms group, in Sao Paulo, Brazil June 24, 2016. REUTERS/Paulo Whitaker

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

RIO DE JANEIRO (Reuters) - Brazil's largest fixed line carrier Oi SA , which is currently in bankruptcy protection, said on Monday that Chief Financial Officer Flavio Nicolay Guimarães resigned, without giving a reason for his departure.

Guimarães will be replaced by Ricardo Malavazi Martins, Oi said in a securities filing. As part of the move, Martins stepped down from his position on the board of Oi, the company said.

Martins previously worked at Brazilian bank Bradesco between 1990 and 2003 and as CFO for Petros, the pension fund for state-run oil company Petrobras , for six years.

(Reporting by Stephen Eisenhammer; Editing by Cynthia Osterman)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities


Add Your Comment