(Corrects to say Diniz was excluded from Casino’s board, not Pao de Acucar’s.)
Casino Guichard-Perrachon SA (CO) shareholders yesterday approved the removal of Abilio Diniz from its management board, O Estado de Sao Paulo newspaper reported, citing a video transmission on Casino’s website.
Diniz remains chairman of Cia Brasileira de Distribuicao Grupo Pao de Acucar (PCAR4)’s, Brazil’s largest retailer.
To contact the reporter on this story: Fabiola Moura in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: Sylvia Wier at email@example.com