SÃO PAULO, Oct. 29, 2020
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco or
Company") announces to its stockholders and the market in general
the decision of the Board of Directors, taken today, to appoint
Milton Maluhy Filho as Chief Executive Officer of Itaú Unibanco,
replacing Candido Bracher who will
reach the age limit of 62 in December.
Over the next 3 months, Candido and Milton will oversee a
transition process, while the effective investiture of Milton in
his new position will take place on February
2, 2021.
The process for choosing the new CEO took place within the
governance established for the bank, a months-long process that
enabled a meticulous evaluation of several capable professionals.
Throughout this entire period, we once again realized the huge pool
of talent working at Itaú Unibanco, which enabled us to make a
choice within a scenario of multiple alternatives.
Milton is 44 years old and joined the Bank in January 2002. Throughout his career he has held
many positions, including Commercial Officer, Executive Officer of
Wholesale Products, Desks and Operations, Executive Officer of
Rede and Cards, CEO of Itaú CorpBanca and Chief Financial
Officer and Chief Risk Officer of Itaú Unibanco. In every one of
these positions, he has always stood out for his determination in
the search for results, his focus on the interests of our clients,
his ability to assemble productive, well-balanced teams and the
huge extent to which he identifies with our culture, which led him
to become a partner of the Bank in 2011 at the age of 35.
This diverse and extensive experience involving several fields
in which the bank operates, with different levels of
responsibility, make Milton especially qualified to take on the
position of CEO of Itaú Unibanco at such an important moment in our
history.
Pedro Moreira Salles e Roberto
Setubal, as Chairmen of the Board of Directors of Itaú Unibanco,
affirmed it makes them immensely proud to indicate a professional
with the qualities of Milton who is fully up to the challenges
before him, to which he will respond in a dynamic and determined
manner.
The Company also announces that it will continue to count on the
collaboration of Candido, who will return to the Board of Directors
of Itaú Unibanco in 2021. During his time as CEO of the bank,
Candido left his mark in various aspects, especially the renewed
client centricity, which has now been consolidated throughout the
organization and will remain a fundamental component of our
evolution.
Itaú Unibanco is incredibly grateful for Candido's important
role during this period, not only for the Company, but also for
Brazil, as we could observe during
these difficult months of the pandemic. An exemplary attitude to
business and life of an important banker whose leadership we were
honored to work under over the last 4 years.
São Paulo, October 29,
2020.
ALEXSANDRO
BROEDEL
Group Executive Finance Director
Itaú Unibanco – Comunicação Corporativa
(11)
5019-8880 / 8881 – imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.