August 19, 2013
The board of Brazilian retailer Via Varejo has nominated Francisco Valim as
The board of Brazilian retailer Via Varejo has nominated Francisco Valim as CEO, it says. Valim is a former a CEO of telecom Oi, and should be approved for the job at an August 23 board meeting. Antonio Ramatis Rodrigues resigned as CEO in May. Via Varejo is preparing to raise funds through an equity follow-on, expected before the end of the year, if market conditions permit. Credit Suisse is managing the transaction, which the retailer has said will be worth 16% of the company.