BES Urged by Central Bank to Bring Forward New CEO Appointment
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Portugal’s central bank told Banco Espirito Santo SA, the country’s second biggest lender by market value, to hold a board meeting yesterday to appoint the new chief executive officer and chief financial officer earlier than previously planned.
The Bank of Portugal said in a statement yesterday that it ordered an “urgent extraordinary meeting” of the Banco Espirito Santo board to decide on the proposed appointments of Vitor Bento as CEO, Joao Moreira Rato as CFO and Jose Honorio as vice president of the executive committee.