ECB authorizes João Pedro Oliveira e Costa as CEO of BPI

After being authorized by the ECB, CaixaBank unanimously approved this Monday the composition of BPI's governing bodies for the 2020-2022 term. João Pedro Oliveira e Costa officially succeeds Pablo Forero.

João Pedro Oliveira e Costa is officially the successor of Pablo Forero in the leadership of BPI, after the European Central Bank (ECB) authorized the banker to take over the reins of the bank held by CaixaBank.

In a statement released by the Portuguese Securities Market Commission (CMVM), BPI reported that CaixaBank approved by “unanimous decision” this Monday the appointment of the members of BPI's governing bodies for the 2020-2022 term, after having authorized by the ECB on 27 November.

Thus, João Pedro Oliveira e Costa will be the chairman of the board of directors and will have a team of five people, composed by António Farinha Morais, Francisco Manuel Barbeira, Ignacio Alvarez-Rendueles and Pedro Barreto.

Fernando Ulrich remains as chairman of BPI.

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