Americanas: executive acted in Oi’s judicial recovery – 01/17/2023 – Market

Americanas informed this Tuesday (17th) that its board of directors approved the nomination of Camille Loyo Faria as the company’s financial and investor relations director. She begins her term on the 1st of February.

The position is being occupied on an interim basis by João Guerra, who also took over the command of the company, after the former president of the retailer, Sergio Rial, informed in a material fact, on the last day 11, that he resigned from the command of Americanas, after discovering ” accounting inconsistencies” in the amount of BRL 20 billion.

Camille is a former director of finance and investor relations at TIM (August 2021 to January 2023) and held the same position at Oi (November 2019 to August 2021).

It is worth remembering that Oi went through an extensive judicial recovery process, which took six years, from 2016 to 2022. It was one of the largest processes in Brazilian history, with accumulated debts of R$ 65.4 billion.

Two days after the announcement (13), Americanas entered the Court of Justice of Rio de Janeiro with a request for an urgent precautionary measure, in an attempt to prevent assets from being blocked at the request of creditors. In practice, the measure grants Americanas the anticipation of the effects of a request for judicial recovery. Such as Sheet anticipated, the company should file a request for recovery in court in the next few days in the amount of approximately R$ 20 billion.

Camille also worked in the investment banking area of ​​BofA (Bank of America Merrill Lynch), Bradesco BBI and Morgan Stanley.

She was an executive in the telecommunications and infrastructure sectors, having held the presidency of Multiner, was the main finance executive at Terna Participações, strategy leader at Embratel and at the Telecom Italia group.