September 23, 2013
Roberto Bernardes is no longer CFO of Brazil’s OGX Petroleo e Gas, the Eike
Roberto Bernardes is no longer CFO of Brazil’s OGX Petroleo e Gas, the Eike Batista oil company says. The post will remain vacant until the selection of a replacement. The move follows last week’s election of three new board directors, a move that may put more pressure on Batista to honor the $1bn billion put that OGX is demanding of him as it faces a lack of operating cash. It is in the process of discussion with bondholders about restructuring debt and a possible equity injection.