Jorge Brito takes office as Chairman of Banco Macro

Rhea-AI Summary

Banco Macro (NYSE: BMA) announces the appointment of Jorge Brito as Chairman, effective March 16, 2023, following the early resignation of Delfín Jorge Ezequiel Carballo. Having served as Vice Chairman since November 2020, Brito is expected to lead the bank forward, leveraging his extensive experience, including a prior role as CFO. Carballo's resignation comes amidst positive indicators of the bank's financial health, including solvency and liquidity. He expressed pride in the bank's management and confidence in the board's capabilities. Banco Macro remains the largest private bank in Argentina with a wide network of branches and ATMs.

Positive

• Jorge Brito's extensive experience as Vice Chairman and CFO positions him favorably to lead the bank.
• The bank's solvency and liquidity indicators are strong, suggesting a robust financial position.

Negative

• None.

BUENOS AIRES, Argentina, March 16, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) Banco Macro ("BMA" or the "Bank") informs that on the date hereof Jorge Brito took office as Chairman of the entity, replacing Delfín Jorge Ezequiel Carballo, who decided to anticipate the end of his term of office.

Brito was acting as Vice Chairman of the Board of Banco Macro since November 30^th 2020.

He had already acted as vice chairman of the Board of Banco Macro from April 20th 2018 to April 30^th 2020. In addition, he acted as CFO from April 2012 to November 2017.

Jorge Brito shall replace Delfín Jorge Ezequiel Carballo, who had been designated Chairman of the Board on November 2020, and decided an early termination of his term of office for personal reasons as he explained today at the meeting of the Board.

In a letter addressed to the members of the Board, Ezequiel Carballo explained that he decided to leave because "the Bank is currently in an increasingly good situation as shown by its solvency, liquidity and other indicators usually used by analysts and investors in order to determine the sustainability of a financial entity. Also because I feel proud of the professional capacity of my colleagues in the Board of Directors, as well as of that of those who compose the entity's Top Management; so I have no doubt of their capacity to lead the Bank's destinies with the same efficiency as  that with which they have been managed up to date".

Delfín Jorge Ezequiel Carballo thanked the support of all members of the Board during his administration.

IR Contact in Buenos Aires:
Jorge Scarinci | Chief Financial Officer
Nicolás A. Torres | Investor Relations
E-mail: investorelations@macro.com.ar | Phone: (54 11) 5222 6682

About Banco Macro: Banco Macro employs 7,701 collaborators, features 1,808 ATMs, 932 self-service terminals and a structure composed of 500 customer service points, which means it is currently the private bank with the largest branch network throughout the country, placing itself as the number one among the Private Local Banks.

For further information access www.macro.com.ar/relaciones-inversores

View original content:https://www.prnewswire.com/news-releases/jorge-brito-takes-office-as-chairman-of-banco-macro-301774200.html

SOURCE Banco Macro S.A.

FAQ

Who is the new Chairman of Banco Macro?

Jorge Brito has been appointed as the new Chairman of Banco Macro.

When did Jorge Brito take office as Chairman of Banco Macro?

Jorge Brito took office as Chairman on March 16, 2023.

Why did Delfín Carballo resign as Chairman of Banco Macro?

Delfín Carballo resigned for personal reasons, despite the bank's strong financial situation.

What were Delfín Carballo's remarks about Banco Macro before resigning?

Carballo expressed pride in the bank's management and confidence in its continued success.

What is Banco Macro's position in the Argentine banking sector?

Banco Macro is the largest private bank in Argentina, with a vast network of branches and ATMs.