BPI with the new management: Management remains mainly in the hands of men, and supervision in the hands of women

Banco BPI already has a new management. The sole shareholder, CaixaBank, has elected the 15 names, with only four changes compared to the current team. Fernando Ulrich remains Chairman of the Board of Directors, and Joao Oliveira y Costa is Chairman of the Executive Committee. Fatima Barros, the former president of Anacom, is now the chair of the audit committee, which oversees day-to-day management, according to Anacom. Statement sent to the Commission on the Securities Market (CMVM).

Incidentally, Fatima Barros, who will replace Manuel Sebastião (former competition authority) in this position, will mainly rely on women in this function of controlling executive decisions. There will be five members, four females: Joanna Freitas and Sandra Santos, the two new members of the board, join the audit committee, and join Natividad Kabila. Antonio Lobo Xavier is the only male actor on this body.

On the other hand, the Executive Committee enjoys a shy female presence, and only for a short time. Susana Trejo Cabral was added to the team in the summer, as soon as she received a license from the European Central Bank (without waiting for the other elements due to her role in financial management). It is, by the way, one of the three management changes that have taken place this year.

A new CEO, Diogo Loro, is now joining. This expands the number of the Executive Committee to six members, who remain under the leadership of Oliveira y Costa, and also rely on Francisco Matos, Francisco Barbera and Pedro Barreto.

In the previous formation, the BPI did not have any men in the Executive Committee team, which is contrary to the European supervisors’ recommendation of gender balance in departments (and also in management teams, because even in general, women have a greater presence than others). – managers).

Five women out of 15 administrators

The management of the BPI, led by the historic Fernando Ulrich, continues with 15 members: Diogo Loro, Joanna Freitas and Sandra Santos, for the positions left vacant by Manuel Sebastião, Elsa Roncón, former Director of the General Directorate of Treasury and Finance, and Luis Vendrell. There are six women in 15 components, or 40%.

The administration for the 2023-2025 term was elected at the general meeting held on August 31, after the European Central Bank granted its mandate on the 15th of that month. The new Board of Directors met on Thursday, September 7, hence the emergence of the new Executive Committee and other supporting committees.

The Risk Committee is chaired by Cristina Rios de Amorim; Sandra Santos is responsible for hires, evaluation and compensation. There is also a Social Responsibility Committee whose members are not directors of BPI, although some of them were: The founder of the entity that led to the creation of BPI, chaired by Artur Santos Silva, together with former director José Pena do Amaral, together with Antonio Barreto. and Isabelle Jonet and Rafael Chueca.

Since 2018, CaixaBank has been the sole shareholder of BPI, and as a result it decides the names of the institution. The bank is one of the largest in Portugal, with 4,378 employees spread over 318 branches. Together with a bank in Mozambique and a stake in Angola, BPI generated €256m in the first six months of this year.