Micro Lending SA said it accepted the resignation of Emérico Alejandro Stengel as chairman on July 25.

The board of directors called a meeting to appoint Stengel's replacement, the company said in a filing.

Stengel has been chief operations officer at Argentina's Banco Supervielle SA since April 2019, according to his Linkedin profile, and was previously a partner at Booz Allen Hamilton, a global management consulting firm.