Embratel Participacoes Hldrs Appoint New Interim Bd Members
Dow Jones Newswires
NEW YORK -- Embratel Participacoes SA shareholders approved a
new interim board, including an interim chairman, to serve during a period
of transition.
Embratel is the majority shareholder in Empresa Brasileira de
Telecomunicacoes SA, a long-distance company.
In a press release Tuesday, Embratel Participacoes shareholders
approved the naming of Luis Fernando Rodrigues as interim chairman.
Shareholders also named directors to serve on the board following the
transition period and named members of the fiscal council.
Fernando Rodrigues and Dilio Sergio Penedo, who was reelected a
director, will be president and vice president, respectively, of the executive
board.
Michael J. Rowny, executive vice president, ventures & alliances, and
acting chief financial officer of MCI Communications Corp. (MCIC), was
named president of the board.
Dan Crawford, MCI senior vice president, venture management, and Jerry
DeMartino, MCI senior vice president, global strategy & development,
will be directors following the brief transition period, the company said.
Sergio Penedo currently serves as president of Empresa Brasileira de
Telecomunicacoes. Fernando Rodrigues is president, MCI do Brasil.
A transition committee was established due to the recent privatization of
the company to assist in preparing for the beginning of competition.
MCI won the tender for 51.79% of the voting shares of Embratel
Participacoes. |
