Bermuda-based GP Investments Ltd. said Álvaro Lopes da Silva Neto has resigned as CFO and investors relations officer.

Silva Neto will remain with the company as a member of the board of directors, according to a filing.

Meanwhile, Director Rodrigo Boscolo will replace Silva Neto in the vacated positions, with a term lasting until May 15, 2019.

GP Investments trades its class A shares in Brazil's B3 S.A. – Brasil Bolsa Balcão.