Mercantil do Brasil Financeira S.A. named Marco Antônio Andrade de Araújo to be its CEO, replacing José Ribeiro Vianna Neto, according to a regulatory filing from the Banco Mercantil do Brasil SA subsidiary.

Vianna Neto, meanwhile, will take on the role of executive director, the company said.

Andrade de Araújo has served in different leadership roles within the group, including as CEO of Mercantil do Brasil Leasing S.A.