AOL Latin America
said the president of
, Manoel Amorim, will leave the company after a short transition period.
Reports indicated that Amorim will join a unit of Spain's
, but a representative of AOL Latin America couldn't be reached for comment.
Amorim is the second president to leave AOL Brazil. Francisco Loureiro stepped down last December, three weeks after the company's service in Brazil was launched.
AOL Latin America, which went public in August, was formed as a joint venture between
. The company's shares were recently down 6 cents, or 1%, to $5.88 in