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Banestes taps new CEO

Banestes SA - Banco do Estado do Espírito Santo said it has appointed Michel Neves Sarkis as the company's new CEO, confirming a Dec. 29 report in Brazilian publication A Gazeta.

According to the report, the appointment of Sarkis, who is currently chief executive at retailer Inbrands, will be submitted for approval to the bank's board in early January 2017.

Sarkis will replace Guilherme Gomes Dias, who will step down as CEO at the end of January 2017 due to personal reasons.