Board Member, Chief Officers Resign Their Positions at Brazil’s Banco Safra
RIO DE JANEIRO, BRAZIL – Heir Alberto Safra has stepped down from the board of Banco Safra, the institution reported on Monday, October 28th.
According to the bank, his resignation was by mutual agreement and he will remain in the group.
Rossano Maranhão, who has held the presidency of the group for 12 years, is also stepping down, as is vice-president Eduado Sosa. Before taking over the bank, Maranhão was head of Banco do Brasil, from 2004 to 2006. The institution has appointed Alberto Corsetti as his succ essor.
Alberto Safra’s departure “is exclusively due to his personal desire to dedicate himself to another project with his family,” said Safra in a statement.
Alberto and his brothers, David and Jacob, took over from their father, Joseph Safra, in 2012.
Safra is Brazil’s fourth-largest bank, part of the J. Safra Group, founded over 170 years ago, with substantial international operations. The bank has more than 8,000 employees.
Source: Folhapress
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