Oi's largest shareholder seeks change of CEO

Tuesday 20 August 2019 | 13:49 CET | News
The largest shareholder of Oi is seeking the replacement of its CEO Eurico Teles, after its Q2 results showed a faster-than-expected cash burn. GoldenTree Asset Management, which holds 15 percent of its equity, said in a letter that only a seasoned operational CEO can properly execute the company's strategic plan, reports Bloomberg.

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Categories: Fixed
Companies: Oi
Countries: Brazil
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