CFO out at HRT

HRT CFO: Let go from post

Reuters/Scanpix

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Kathrine Schmidt

 08 August 2012 17:44 GMT

Brazil independent HRT has released its chief financial officer, the company said Wednesday.

Following a 7 August board meeting the company made the decision to merge the financial departments of HRT and HRT Oil and Gas, the company said in a statement.

That meant Francisco Lourenco Faulhaber Bastos-Tigre was relieved of his role of chief financial officer and investment relations officer at HRT.

The company nearly a month ago announced it would replace more than half its board following disappointing well results in the remote onshore Solimoes basin.

HRT offered thanks for his "contribution as officer of the company during the period which he honored the company…

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