- Eike Batista’s decision to fire the CFO of his embattled OGX Petroleum (OGXPY.PK -6.1%) is expected to heighten tensions with the management team and likely delay the restructuring of $3.6B in debt.
- Roberto Monteiro, removed Friday from his post, was said to be the main negotiator for OGX in the restructuring talks with creditors holding the company's bonds.
- Monteiro’s ouster was opposed by OGX CEO Luiz Eduardo Carneiro, the latest split between Batista and the management team at OGX.
- Update: OGX names Paulo Narcelio Simoes Amaral as its new CFO and investor relations director; Amaral is new to OGX.
at MarketWatch.com (May 9, 2014)