PANAMA CITY, Jan. 27, 2020 /PRNewswire/ -- The Board of
Directors (the "Board") of Banco Latinoamericano de Comercio
Exterior, S.A. ("Bladex" or the "Bank") (NYSE: BLX) today announced
that, effective March 9, 2020, Mr. N.
Gabriel Tolchinsky will step down as
Chief Executive Officer. He will be succeeded by Mr. Jorge Salas.
Bladex's Chairman, Mr. Miguel
Heras, said: "The Board would like to express its
appreciation to Gabriel for his management of the Bank during the
last two years, in which the institution made significant strides
in improving efficiency and overall performance. Thanks to
Gabriel's stewardship, Bladex today is well positioned to succeed
in the banking sector's rapidly evolving landscape."
As part of an orderly and programmed succession plan, and in
coordination with Gabriel, for several months, the Board conducted
a thorough internal and external search, which concluded in the
engagement of Mr. Jorge Salas as new
CEO. Mr. Salas worked as President and CEO of Banesco USA for the last 5 years and previously served
as General manager of Banesco Panama. Mr. Salas holds a master's
degree in Business Administration (M.B.A) and a master's degree in
Public Policy (M.P.P) both from the University
of Chicago.
Bladex is fortunate to have a successor of Jorge Salas' caliber, who is a seasoned
international banker with vast experience and a proven track record
in the financial services industry in Latin America and the US. "We are confident
that under Jorge Salas' leadership,
the Bank will continue to thrive, enhancing its role as a strategic
partner for Latin America and our
clients, while delivering increasing value to our shareholders,"
Mr. Heras commented.
Mr. Salas said of his appointment: "I am honored to have been
assigned the responsibility to continue building upon Bladex's
unique strengths as the best trade finance bank in Latin America. We operate in an important
Region which presents opportunities to fuel the Bank's growth and
success. I am grateful to the Board for their confidence and look
forward to developing these opportunities and continuing to work
together with the extraordinary team of professionals at
Bladex."
Mr. Tolchinsky commented: "I am honored to have been a part of
Bladex in different capacities over the past 5 years. As CEO, I had
the opportunity to lead a first-class financial institution, vital
to Latin America´s foreign trade and economic wellbeing, through a
difficult credit cycle and onto a path of sustainable growth and
profitability. To our Board of Directors and shareholders, I am
grateful for your support and confidence during my tenure. To the
outstanding team of professionals at Bladex, it has been a
privilege to work alongside you in strengthening the Bank´s
leadership role in the Region. I am confident that Jorge, along
with our professional team, will successfully build upon this
foundation at the helm of Bladex."
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, began operations in 1979
to promote foreign trade and economic integration in the Region.
The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United
States of America, and a Representative License in
Peru, supporting the regional
expansion and servicing of its customer base, which includes
financial institutions and corporations.
Bladex is listed on the NYSE in the
United States of America (NYSE: BLX), since 1992, and its
shareholders include: central banks and state-owned banks and
entities representing 23 Latin American countries, commercial banks
and financial institutions, and institutional and retail investors
through its public listing.
For further information on Bladex, please access its website at
www.bladex.com or contact:
Mónica Cosulich – SVP, Finance and Investor Relations
E-mail address: ir@bladex.com. Tel.: (+507) 210-8563
Head Office Address: Torre V, Business Park, Avenida La Rotonda, Urb. Costa del Este,
Panama, Republic of Panama
View original
content:http://www.prnewswire.com/news-releases/bladex-announces-departure-of-chief-executive-officer-n-gabriel-tolchinsky-to-be-replaced-by-jorge-salas-300993913.html
SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)