Unhappy with Bolsonaro, BB CEO André Brandão resigns

Banco do Brasil CEO André Brandão has formally resigned, informed the bank in a material fact notice. He will remain in his post until the end of the March and then will be replaced by Fausto de Andradre Ribeiro, CEO of BB Consórcios. According to the notice released by BB, the request was submitted to President Jair Bolsonaro, to the Minister of Economy, Paulo Guedes, and to the chairman of the board of directors of the bank, Hélio Magalhães. As Valor reported on February 26, Mr. Brandão expressed to allies his intention to leave BB, annoyed with Mr. Bolsonaro's increasing...

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