Crisis-struck Brazilian oil group OGX has fired chief financial officer dismissed Roberto Monteiro as it continues to try and avoid bankruptcy proceedings.
The board of the Eike Batista-owned oil group said in a regulatory filing today it had “approved the destitution of Mr. Roberto Bernardes Monteiro from his posts as chief financial officer and director of investor relations”.
The post will remain vacant until a new director is chosen by the board of the company. No further details were offered on the departure.
It represents another blow for the beleaguered company, and comes just a day Diamond Offshore Drilling warned it may scrap the contract for the Ocean Quest rig as OGX is behind on payments.
The company exercised a $1billion put option against main shareholder Batista last week as cash reserves dwindle.
Monteiro joined OGX from sister company OSX Brasil, where he was also CFO, in April 2012 as owner Eike Batista sought to adjust the startup’s investor relations strategy after it began to miss output targets.
His departure comes after the stock lost more than 90 percent this year. Luiz Carnero, OGX chief executive, said last week the company is set to ask holders of $3.6billion in bonds for more cash.