(Telecompaper) Portugal Telecom announced that non-executive chairman Henrique Granadiero will take over as CEO from Zeinal Bava, who has been named CEO of Brazilian operator Oi, in which the Portuguese group is a major shareholder. Granadiero will occupy the same role hitherto occupied by Bava. In addition to serving as CEO of the Brazilian operator, Bava will focus on strategic projects and innovation in joint Oi/Portugal Telecom projects. Bava replaces Jose da Cunha as CEO. Da Cunha will resume his role as chairman of Oi, after serving as interim CEO since January. PT also announced that Luis Pacheco de Melo, a member of the executive committee of PT and group CFO, will be elected vice president of PT Portugal.