Eurico de Jesus Teles Neto to Leave the Position of Chief Executive Officer of Oi S.A. on January 30, 2020
December 10, 2019 at 04:37 pm EST
Share
Oi S.A. informed its shareholders and the market in general that, on this date, Mr. Eurico de Jesus Teles Neto announced that he will leave the position of Chief Executive Officer of the Company on January 30, 2020, in accordance with the Terms for the Adjustment and Model of Transition for the Executive Board (“Terms”) approved by the 7th Corporate Court of the Judiciary District of the Capital of the State of Rio de Janeiro (the “Judicial Reorganization Court”). Pursuant to the Terms, Oi's Board of Directors shall indicate the name of the substitute for the position, which is to be previously formally disclosed in a confidential proceeding to the Judicial Reorganization Court and the Office of the Public Prosecutor of the State of Rio de Janeiro.
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.
OI S.A. 