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Gustavo Vollmer Acedo will take over as chair of the board of directors of Venezuela's Banco Mercantil, the bank said in a press release.
Vollmer has been a member of the bank's board for 39 years and has worked in the management of various industrial, commercial and educational institutions over the years, the release said.
Vollmer will be replacing Gustavo Marturet, who is retiring after a career in the bank that started in 1972.
The change will take place as of the end of March, the release said.