BES Angola Says Sobrinho to Be Replaced by Guerra as Bank’s CEO

Alvaro Sobrinho, chief executive officer of the Angolan unit of Banco Espirito Santo SA (BES), will be replaced by Rui Guerra, BES Angola said today.

Sobrinho will remain at BES Angola as chairman to coordinate the bank’s strategic plan for the next five years, it said in an e-mailed statement through its public relations firm Lisbon Communication Office.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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