People news: EBX shuffles continue

Nov 1, 2013

By Karen Schwartz

Eike Batista’s struggling OGX Petróleo e Gás Participações replaced chief executive Luiz Carneiro in October with Paulo Amaral, the chief financial officer, who now holds both roles. In September, José Gustavo de Souza Costa departed as chief executive of EBX-owned Colombian coal miner CCX, after close to a year in the job.

The moves come as EBX continues selling...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management