May 12, 2017 / 2:59 PM / 2 months ago

Brazil's Odebrecht taps VP Guidolin as new chief executive

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The corporate logo of Odebrecht is seen inside of one of its offices in Mexico City, Mexico May 4, 2017. Picture taken on May 4, 2017.Carlos Jasso

SAO PAULO (Reuters) - Brazilian engineering conglomerate Odebrecht SA [ODBES.UL] said on Friday it had tapped Luciano Guidolin as its new chief executive officer, replacing current CEO Newton de Souza.

Guidolin, currently vice-president of investments for the group, played a key role in negotiating plea deals in Brazil, Switzerland and the United States, according to an Odebrecht statement. Executives confessed to their roles in a corruption scandal that led to the arrest of former CEO Marcelo Odebrecht.

Reporting by Bruno Federowski

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