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The Chairman of the Board of Directors of Bank of Brazil, Hélio Magalhães, resigned from his post this Thursday (1st) for not agreeing with the interference of the president Jair bolsonaro (without party) in the institution, with the appointment of a new president and new members of the collegiate, a group that determines the course to be followed by the bank. The information is from Folha.
Magalhães had been appointed by the Minister of Economy, Paulo guedes, and he was not the only one to resign his post. José Guimarães Monforte, another adviser appointed by Guedes, also leaves office with the chairman of the board this Friday (22), also for the same reasons, according to the newspaper.
In his resignation letter, Magalhães criticized Bolsonaro’s interference in appointing administrator Fausto de Andrade Ribeiro as the new president of the institution. It says that Ribeiro has not been leaked by the Board of Directors.
“In the case of BB, I am referring to attempts to disrespect corporate governance, even if it is frustrated by the diligent performance of this board of directors and the strength of the company’s governance mechanisms. As an example, I mention the external interference in the execution of the company’s efficiency plan approved by this council and obviously necessary to adapt it to the new times and challenges of the sector. On a permanent basis, I renew my protest at the rite of election of the new president of the bank, which simply does not consider the desirable projection of this council, since it is based on anachronistic legislation and contrary to the best governance practices worldwide. level, ”said Magalhães.
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