Via Varejo CEO resigns

Via Varejo CEO resigns


Brazilian retailer Via Varejo has appointed Libano Barroso as chief executive, after Francisco Valim resigned last week. Valim joined in August last year from Oi, where he was chief financial officer. As CEO he oversaw Via Varejo’s BRL2.85bn ($1.22bn) equity follow-on in December, a deal that represented the IPO of the firm’s units and which raised less than the firm had hoped for. Barroso became a board member in February, and was last year appointed vice-chief of strategic development at Grupo

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