Banesco Banco Universal C.A. said it appointed Oscar Doval García as the bank's new CEO, replacing Miguel Ángel Marcano Cartea, who will remain a director on the company's board.

Doval has previously served as a director on the bank's board as well as a corporate director of Banesco Group International.

The bank noted that Juan Carlos Escotet Rodríguez will continue to serve as chairman of the board of directors.