The positions of the four new executives were defined through a public selection coordinated by headhunters of Russel Reynolds, an internationally recognized company for the recruitment and selection of CEOs.
Initiated in August 2018 in compliance with CAIXA's Articles of Association (articles 15 to 19), the new model is the result of the improvement of the internal selection and succession policy, which aims to present clear guidelines for the provision of gratified functions, plus the bank's governance. Currently, all technical and management functions are provided through a selective process.
Born in Rio de Janeiro, Barros Barreto holds a bachelor's degree in Business Administration, a postgraduate degree in Insurance and Private Pension Management, and an MBA in Business Management. On January 23, 2018, he assumed the Interim Vice-Presidency office.
He is a career employee of CAIXA admitted in September 1981. He began his career in the company working in areas responsible for banking products and services, administrative and specialized processes. In June 1990, he assumed the position of Head of Division of the Matrix in Departments responsible for the management and operation of various government programs and resources.
Since then, he has traced his professional career at CAIXA, always working in the service, strategy, products and services segment for government clients, public legal entities and sanitation and infrastructure, as well as public policy agents. During this period, he held several managerial positions, including Executive Manager, Area Manager and National Superintendent. In June 2011, he assumed as Executive Director of the Executive Board of Government Services.
There was pressure from President-elect Jair Bolsonaro's team to have President Michel Temer suspend the nominations. The idea was that the matter should be settled in the next government. But the Federal Prosecutor's Office reacted and Temer decided to proceed with the nominations for fear of prosecution.
The MP started with the initiative to ask for the removal and replacement of the former vice-presidents. The move was an unfolding of the Greenfield Task Force, which pointed to suspected frauds between public banks and pension funds. Prosecutors suggested that substitutes be selected on the market.
The election of executives in the process of selection in the market became a requirement of Caixa's new statute to conform to the state law. The aim is to reduce political interference and improve state governance.
For the vice-presidency of Government, was selected the bachelor in Economics, João Carlos Gonçalves da Silva. Graduated from PUC of São Paulo, CAIXA's new vice president also holds a specialization in Financial Administration from USP and in 2018 served as the CEO and Investor Relations Officer of the São Paulo Development and Asset Mobilization Company (SPDA).
The vice-presidency of Corporate will also be assumed by the economist João Eduardo de Assis Pacheco. The new vice-president of the bank also holds an Executive MBA from Coppead / UFRJ, as well as 32 years of experience in the Financial Market, with experience in executing organizational projects.
Another bank official also chosen in the process was Jair Luiz Mahl. CAIXA's new Vice President of Housing is a graduate in Business Administration, Post-Graduate in Controllership and Public Management, and Specialist in Management and Financial Management in Capital Markets. He has worked for CAIXA since 1990, having worked in the service network and in several business areas. Since 2016 he has been director of Restructuring Operations and New Businesses for Large Clients, responsible for negotiating solutions for CAIXA's largest clients.
The indications conclude a selection process announced by Caixa in January, following the removal of four vice presidents of Caixa on suspicion of involvement in irregularities investigated by the Federal Police and the Public Prosecution Office in connection with the Lava Jato operation.
Source: GMB
