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Banestes' new CEO to join board

Banestes SA - Banco do Estado do Espírito Santo's recently appointed CEO Michel Neves Sarkis has also been selected to serve on the bank's board, according to securities filings.

Sarkis will replace outgoing CEO Guilherme Gomes Dias, who will step down from both his executive and board positions on Jan. 31.

The new executive's appointments are still subject to Banco Central do Brasil approval, the bank noted.