The board of Brazil-based BR Insurance Corretora de Seguros SA accepted the resignation of Luiz Roberto Mesquita de Salles Oliveira as the company's CEO, the company said in filings dated Dec. 18.
The company appointed Marcos Aurélio Couto to take over the CEO role, with a mandate that lasts until May 9, 2018. Couto previously served as CEO and director of investor relations at Tempo Participações SA He was also a founding partner at venture capital firm Duxx Investimentos.
De Salles Oliveira, in turn, will become the company's new director of operations, with the same mandate as that of Couto. The former CEO will replace Bruno Rafael Ferreira Martins in the position.