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Home»Finance»Brazilian lender Santander’s Chairman Rial resigns
Finance

Brazilian lender Santander’s Chairman Rial resigns

January 22, 202314 Comments1 Min Read
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SAO PAULO, Jan 20 (Reuters) – Brazilian lender Santander Brasil SA mentioned on Friday its chairman and former chief government, Sergio Rial, is resigning from his place on the agency.

The resignation comes simply days after Rial stop his short-lived job as chief government of retailer Americanas SA after discovering accounting “inconsistencies” that led the corporate to file for chapter safety.

Rial was Santander Brasil’s CEO for six years, in addition to the financial institution’s regional head for South America, earlier than transitioning to board chairman in early 2022.

He’s additionally chairman of the board at gasoline distributor Vibra Energia SA (VBBR3.SA), vice chair at BRF SA (BRFS3.SA) and a board member at Delta Air Traces (DAL.N).

The chief “offered his resignation as a member of the board of administrators and as a member of the advisory committees of the board,” the Brazilian unit of Spain’s Santander (SAN.MC) mentioned in a securities submitting.

Rial shall be changed on an interim foundation by his vice chair, Deborah Stern Vieitas, till the financial institution’s subsequent basic assembly on April 28.

Reporting by Peter Frontini; Modifying by Josie Kao

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Brazilian chairman lender resigns Rial Santanders
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