Banco Itaú Chile Files Material Event Notice announcing the appointment of Chief Executive Officer

Rhea-AI Summary

Banco Itaú Chile (SSE: ITAUCL) announced the appointment of Mr. André Gailey as the new CEO, effective October 1, 2024. The current CEO, Mr. Gabriel Amado de Moura, will transition to the role of CFO at Itaú Unibanco and join its Executive Committee. Additionally, Mr. Milton Maluhy Filho, current director and vice president, will step down on September 30, 2024. Mr. Gabriel Amado de Moura will be proposed as the new director and vice president of Banco Itaú Chile's Board of Directors. The Material Event Notice detailing these changes is available on the company's investor relations website.

Positive

• Appointment of André Gailey as new CEO could bring fresh perspectives and strategies.
• Gabriel Amado de Moura moving to CFO role at Itaú Unibanco may strengthen ties and collaboration between the entities.

Negative

• Leadership transition may cause temporary instability.
• Possible concerns about continuity and experience gap with the new CEO appointment.

SANTIAGO, Chile, July 05, 2024 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE: ITAUCL) (the “Company”) announced that it filed today a Material Event Notice with the Chilean Commission for the Financial Market reporting that the Board of Directors of Banco Itaú Chile (the “Bank”) agreed on this date to appoint Mr. André Gailey as the new Chief Executive Officer of the Bank, effective from October 1, 2024. Until September 30, 2024, Mr. Gabriel Amado de Moura will continue to serve in his role as Chief Executive Officer of the Bank, then he will join the Executive Committee of Itaú Unibanco and assume the position of CFO of said entity.

In addition, it is noted that the director and vice president of the Board of Directors, Mr. Milton Maluhy Filho, reported that he will remain in that capacity until September 30, 2024, and that Mr. Gabriel Amado de Moura will be proposed as director and vice president of the Bank’s Board of Directors to replace him, which will be formalized in due course.

The Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

FAQ

When will André Gailey become the CEO of Banco Itaú Chile?

André Gailey will become the CEO of Banco Itaú Chile starting October 1, 2024.

What role will Gabriel Amado de Moura take after stepping down as CEO?

Gabriel Amado de Moura will join the Executive Committee of Itaú Unibanco and assume the position of CFO.

Who will replace Milton Maluhy Filho as director and vice president of Banco Itaú Chile?

Gabriel Amado de Moura will be proposed as the new director and vice president of Banco Itaú Chile's Board of Directors.

When will the leadership changes at Banco Itaú Chile take effect?

The leadership changes will take effect starting from October 1, 2024.

Where can the Material Event Notice be accessed?

The Material Event Notice can be accessed on Banco Itaú Chile's investor relations website at ir.itau.cl.