Montepio to announce formal appointment of new CEO

The Portuguese mutual bank Montepio will formally appoint its new CEO Pedro Leitão tomorrow.

A meeting of the bank’s board to formerly appoint the new CEO was to have taken place on Tuesday, but was postponed because of a death in the family of one of the board members. The meeting will now be held on Thursday, 9 January.
The Bank of Portugal had already given the green light to the appointment of the former director of Banco Atlântico Europa.
The next step is to submit the name for his appointment at the meeting of the Board of Directors. Pedro Leitão, the name chosen by Carlos Tavares and Tomás Correia – when he was still President of Montepio bank-,has been at Banco Atlântico Europa since 2015. Before that he was working in the banking group in Luanda, Millennium Atlântico in which BCP is a shareholder. Leitão also worked for Delloite for almost a decade.
Carlos Tavares, Chairman of Montepio, stated in a letter sent out to staff that he was “certain that his professional and personal qualities and his spirit of mission are reasons to make us optimistic and bring confidence to this new chapter” following a 2019 that had been “challenging and difficult”.
Another two appointments have also been made to the non-executive board: José Nunes Pereira (formerly of the Bank of Portugal BdP) and António Egído dos Reis (formerly from the Pensions Fund and Insurance Supervisory Authority.