BPI with the new management: management is mainly in the hands of men, supervision in the hands of women

Banco BPI already has new management. The sole shareholder, CaixaBank, chose the 15 names, with only four changes compared to the existing team. Fernando Ulrich remains Chairman of the Board of Directors, and João Oliveira e Costa is Chairman of the Executive Committee. Fatima Barros, the former head of Anacom, is now the chair of the audit committee, which oversees the day-to-day management, according to Statement sent to the CMVM.

Indeed, Fátima Barros, who will replace Manuel Sebastião (former competition authority) in this position, will rely mainly on women in this work 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 in this body.

The Executive Committee has a shy female presence, and that is only recently. Susana Trejo Cabral was added to the team in the summer, immediately after obtaining a license from the European Central Bank (without waiting for the remaining elements due to her role in financial management). It is actually one of three management changes that have occurred this year.

Now another new CEO has joined, Diogo Loro. The Executive Committee was thus enlarged to six members, which remains under the leadership of Oliveira y Costa, also including 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 recommendation of the European supervisors to achieve gender balance in the departments (and also in the 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 under the leadership of the historic Fernando Ulrich continues with 15 members: Diogo Loro, Joanna Freitas and Sandra Santos enter, taking the places left vacant by Manuel Sebastião and Elsa Roncón, former director of the Directorate General of Treasury and Finance. and Louis Vendrell. There are six women out of 15 members, or 40%.

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

The Risk Committee is chaired by Cristina Ríos de Amorim; Recruitment, evaluation and rewards are the responsibility of Sandra Santos. There is also a Social Responsibility Committee that includes members who are not BPI officials, although some of them were: 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. Jeunet and Rafael Chueca.

Since 2018, CaixaBank has been the sole shareholder of BPI, meaning 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 its involvement in Angola, BPI generated €256m in the first six months of this year.