March 22, 2021 |
The Brazilian government will have its third CEO for Banco do Brasil in less than a year as Fausto Ribeiro replaces André Brandão after less than six months in the job, according to a statement from the economy ministry.
Ribeiro, previously the head of BB Consórcios, starts the new role on April 1, according the the economy ministry. Brandão reportedly clashed with President Jair Bolsonaro over planned cutbacks. Brandão took over from Rubem Novaes in September last year.
"The resignation of Banc
Fausto Ribeiro replaces André Brandão, who stepped down after clashing with President Jair Bolsonaro over planned cutbacks