Shareholders for Brazil's GPA elect new board of directors

About this update from Companhia Brasileira De Distribuicao

Shareholders from the Brazilian food retailer GPA BMFBOVESPA:PCAR3 on Monday removed the current board of directors and elected a new one, according to the meeting minutes.GPA's shareholders elected four new members for the nine-seat board. Chairman Ronaldo Iabrudi was not among the elected members, the minutes showed. The minutes do not say who will take the role.

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