February 20, 2013 / 5:21 PM / 5 years ago

STXNEWS LATAM-Brazil telecom Oi's CEO search to last 4 to 5 months

Grupo Oi SA’s hunt for a new chief executive officer will last four to five months, the head of Andrade Gutierrez SA, one of the Brazilian telecom’s main shareholders, said on Thursday.

Former Oi CEO Francisco Valim unexpectedly left last month, casting doubt on a three-year turnaround plan meant to pull the company out of fourth place in Brazil’s cooling wireless market.

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