Banco do Brasil’s top management will have more people beholden to the government

Besides the new board of directors having less of a "private face", the top management of Banco do Brasil (BB) should go through changes that will lead it to the same line.

RIO DE JANEIRO, BRAZIL - It is expected that Fausto Ribeiro, appointed to the command of the Banco do Brasil (BB) in place of André Brandão, will take office today, April 1st. The act depends on a presidential decree, which is also expected to be published today.

Otherwise, the inauguration is expected to take place next Monday. The changes should occur due to the will not only of the future administration, but also of the government itself, which intends to set up a board with people it trusts. In light of this, the current vice-presidents have started to move . . .

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