August 23, 2016 / 10:12 PM / 2 years ago

Brazil's Oi says Société Mondiale announces change to board candidates list

SAO PAULO, Aug 23 (Reuters) - Brazil’s largest fixed telephone carrier, Oi SA, said minority shareholder Société Mondiale made changes in a proposed plan to revamp its board.

In a securities filing on Tuesday, Oi said Société Mondiale replaced candidate João Pinho de Mello for Durval José Soledade Santos and added a new candidate for the board, William Steers.

Société Mondiale, controlled by Brazilian businessman Nelson Tanure, is seeking to remove representatives of Ois controlling shareholder, Pharol SGPS SA, from the board. A general shareholders meeting has been scheduled for Sept. 8 to vote on the proposed board replacements. (Reporting by Tatiana Bautzer and Ana Mano; Editing by Jonathan Oatis)

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