Ex-Banker Fixing Americanas' $5 Billion Fraud Aims For 'Equally Distributed' Pain [Financial Post (Toronto, Ontario, Canada)]
Bank of America Corporation (BAC)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — In a conference room of the run-down headquarters of Brazilian retailer Americanas SA, Camille Loyo Faria agrees that the office has seen better days. It's “ugly, as a company in judicial recovery should be,” the chief financial officer says. Article content The 50-year-old started at the Rio de Janeiro-based company on Feb. 1, 2023, in the wake of its bankruptcy protection measure and accounting fraud that eventually reached 25 billion reais ($4.8 billion) — one of the biggest-ever in Brazil. It's just the latest company that Faria has helped pull out of distress. Article content “It's like scorched earth,” she said of restructuring processes, in a rare interview. “I'm eerily calm in moments of heightened stress, and that allows me to disconnect and think with a cool head. That helps to have the courage to take risks.” The former investment
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