Banco do Brasil announced the appointment of Manoel Carlos de Castro Pires as its new chairman of the board. Pires was appointed by the ministry of finance following the resignation of Tarcsio Godoy. Francisco Gaetani was also appointed by the minister of planning, budget and management Valdir Simão as a member of the board.

Carlos Renato Bonetti will take over as director of risk management after the resignation of Ivez Czar Flber, while Otaviano Amantea Souza Campos becomes director of restructuring of operational assets, following the exit of Carlos Roberto Cafareli.