Brazil's Oi says CFO Guimarães resigns

Mon Sep 12, 2016 8:51pm EDT
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RIO DE JANEIRO (Reuters) - Brazil's largest fixed line carrier Oi SA OIBR4.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 BBDC4.SA between 1990 and 2003 and as CFO for Petros, the pension fund for state-run oil company Petrobras PETR4.SA, for six years.

(Reporting by Stephen Eisenhammer; Editing by Cynthia Osterman)

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