SAO PAULO, March 7 Pharol SGPS SA, the
controlling shareholder of Brazil's debt-laden telephone carrier
Oi SA, said in a statement on Tuesday that Rafael
Mora had resigned as Pharol's executive director and a member of
João do Passo Vicente Ribeiro, previously named as Mora's
alternate on Oi's board, will take his board seat, according to
a Pharol press representative. The statement did not give a
reason for Mora's resignation.
Oi filed for Brazil's largest ever bankruptcy protection
last June to restructure about 65 billion reais ($20.8 billion)
of bank, bond and regulatory liabilities.
($1 = 3.12 Brazilian reais)
(Reporting by Ana Mano; Editing by Jonathan Oatis)