From valorinternational · · 50s
Banco do Brasil CEO under pressure to step down
Banco do Brasil's CEO faces stepping down after weak earnings.
In brief
Banco do Brasil's CEO faces stepping down after weak earnings. Banco do Brasil's CEO Tarciana Medeiros may step down following a 66.5% drop in adjusted net income to R$1.27 billion. Originally reported by valorinternational.
Weak earnings pressure
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Banco do Brasil's third-quarter results show a 66.5% plunge in adjusted net income to R$1.27 billion.
CEO under discussion
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Sources say Tarciana Medeiros' departure has been under discussion for some time.
Farm credit crisis
BB faces one of its worst farm credit crises, according to CEO.
Leadership succession
The succession process remains uncertain with Lula weighing career professionals versus external candidates.
Potential successors
Geovanne Tobias and Gilson Bittencourt are among three names under consideration for CEO.
Political considerations
Lula's return from Asia is expected to influence the decision on CEO succession.
The big picture
Banco do Brasil's CEO Tarciana Medeiros may step down following a 66.5% drop in adjusted net income to R$1.27 billion.
