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General

Portugal Telecom CEO Granadeiro steps down

Friday 8 August 2014 | 08:46 CET | News
The CEO and chairman of Portugal Telecom, Henrique Granadeiro, has resigned. The move comes three weeks after the Portuguese operator was forced to reduce its stake in the merger with Brazil's Oi due to a controversial debt position of EUR 900 million in an associated company of one of its major shareholders. Portugal Telecom also said its board of directors and executive committee had never approved any investment in that debt. The company has contracted PWC to audit all relations with the Espirito Santo Group. The audit will analyze all investments, capital flows and other relations between

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Categories: General
Companies: Oi / Portugal Telecom
Countries: Portugal
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