Oi board of directors OKs changes to advisory committee structure

By Caroline Salls

Pittsburgh, March 23 – Oi SA’s board of directors has approved changes in the structure of its advisory committees to improve governance and align it with the challenges and requirements faced by the company, according to a news release.

In order to achieve more effectiveness and agility in its work, Oi said the board created a judicial reorganization plan implementation monitoring committee and an audit, risks and controls committee and kept the people, designation and compensation committee.

The corporate governance and finance committee, the engineering, technology and network committee and the risks and contingencies committee were dissolved.

In addition, Oi said a strategic adviser linked to the board of directors will be hired to ensure the specific focus on the company’s restructuring and strategic development agendas.

The board also approved changes in the company’s organizational structure, which involved the establishment of executive offices, including an operations executive office, with digital and new business departments, and a commercial executive office, with corporate and client relationship departments.

Oi said the operations executive office has the mission to speed up the company’s digital and technological transformation process, while the commercial executive office’s mission is to carry out commercial and product actions to strengthen the company’s revenue generation and the turnaround of the corporate segment.

According to the release, José Claudio Moreira Gonçalves was assigned to the position of chief operating officer, and Bernardo Kos Winik will hold the position of chief commercial officer.

Both Gonçalves and Winik have been elected by the board to be part of the company’s statutory board of officers as officers with no specific titles.

Oi is a Rio de Janeiro-based telecommunications service provider. It filed for Chapter 15 bankruptcy on June 21, 2016 in the U.S. Bankruptcy Court for the Southern District of New York under case number 16-11791.

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