December 24, 2010
Santander Brasil has named Marcial Angel Portela Alvarez CEO, replacing out
Santander Brasil has named Marcial Angel Portela Alvarez CEO, replacing outgoing CEO Fabio Barbosa, according to the company. Barbosa will become chairman of the board of directors of Santander Brasil, contingent on approval of the shareholders’ general meeting. Barbosa will continue to work on corporate governance issues. Portela is currently a general officer of Santander Spain with direct responsibility over Brazilian operations.