22.01.2013 22:18:00

Oi S.A. -- Moody's: Shift in Oi's top management raises some uncertainty about potential future business and strategy changes, but no immediate impact on ratings

Sao Paulo, January 22, 2013 -- Oi S.A. ("Oi) announced today that it has appointed Mr. José Mauro Mettrau Carneiro da Cunha as the new CEO, replacing Mr. Francisco Tosta Valim Filho, who has left the firm. Mr. Cunha had served as Oi's Chairman of the Board and will be replaced by Mr. José Augusto da Gama Figueira in the chairman role.

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