SAO PAULO, March 7 (Reuters) - 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 Oi’s board.
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)