Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting 'inconsistencies.'
said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais in accounting "inconsistencies."
Joao Guerra, a long-time Americanas executive not involved with accounting or financial management, will take over as CEO on an interim basis. In a statement, Americanas said the inconsistencies related to supplier financing operations in previous years including 2022. "The company estimates that the cash impact ofInternal inquiries and work by independent auditors will be needed to determine the impact of the inconsistencies on the company's financial statements, Americanas said.
In a letter to employees seen by Reuters, Rial said Americanas has 8 billion reais in cash and will "keep paying suppliers and other liabilities on time". Rial also said the company will need to address its net equity position, which may require a capital raise, but that would not be the only option.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump's longtime CFO faces sentencing for tax fraud schemeA longtime Donald Trump lieutenant who became a star prosecution witness and helped convict the former president’s company of tax fraud is set to be sentenced Tuesday for dodging taxes on $1.7 million in company-paid perks.
Consulte Mais informação »
Trump's longtime CFO faces sentencing for tax fraud schemeA longtime Donald Trump lieutenant who became a star prosecution witness and helped convict the former president’s company of tax fraud is set to be sentenced Tuesday for dodging taxes on $1.7 million in company-paid perks
Consulte Mais informação »
Trump's longtime CFO faces sentencing for tax fraud schemeA longtime Donald Trump lieutenant who became a star prosecution witness and helped convict the former president’s company of tax fraud is set to be sentenced Tuesday for dodging taxes on $1.7 million in company-paid perks.
Consulte Mais informação »
Former Trump Organization CFO Allen Weisselberg to be sentenced TuesdayNEW YORK — Allen Weisselberg, one of former President Donald Trump's most trusted and loyal employees, will face sentencing Tuesday after he pleaded guilty last year to 15 state crimes then testified against the Trump Organization this past fall.
Consulte Mais informação »
Trump's longtime CFO Allen Weisselberg faces sentencing for tax fraud schemeAllen Weisselberg, a longtime executive for Donald Trump 's real estate empire will be sentenced for dodging taxes on $1.7 million in job perks.
Consulte Mais informação »
Trump's longtime CFO Allen Weisselberg faces sentencing for tax fraud schemeNew York Judge Juan Manuel Merchan is expected to sentence Allen Weisselberg to five months in jail.
Consulte Mais informação »