Brazil's BB Seguridade announces new CEO

Tuesday, January 8, 2019

Bernardo de Azevedo Silva Rothe is the new CEO of BB Seguridade, the insurance arm of Brazil's state-run bank Banco do Brasil.

In November, then CEO Antônio Maurício Maurano resigned and CFO Werner Romera Süffert took the post on an interim basis.

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De Azevedo Silva Rothe joined Banco do Brasil in 1982 and served as vice-president of financial management and investor relations.

BB Seguridade is one of the largest insurance and pension groups in the country.

Appointing a new BB Seguridade CEO is part of a shakeup in Banco do Brasil and other state-run lenders, implemented by the newly-inaugurated Jair Bolsonaro administration.