OIBR - Oi S.A. American Depositary Sha

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  • CEO of Brazil's Oi resigns as restructuring vote nears: shareholder
    Reuterslast year

    CEO of Brazil's Oi resigns as restructuring vote nears: shareholder

    SAO PAULO/LISBON (Reuters) - The chief executive of Oi SA has resigned, its largest shareholder said on Friday, as the Brazilian telecommunications firm enters a crucial phase in Latin America's biggest-ever bankruptcy proceedings. A spokeswoman for Portugal's Pharol SGPS SA, which owns about 27.5 percent of Oi's voting shares and is part of a controlling shareholder bloc, said it had been informed of Marco Schroeder's resignation.

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