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Banco do Brasil's next president to name VPs next week

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Banco do Brasil's next president to name VPs next week

Rubem Novaes, the next president of Banco do Brasil SA, said he will come up with names for the bank's vice presidencies next week, Valor Econômico reported.

Marcelo Labuto, Banco do Brasil's incumbent president, will stay with the state-owned bank, Novaes said. Meanwhile, economist Carlos Hamilton will be one of the vice presidents, Novaes added, without providing details.