Banco Latinoamericano de Comercio Exterior, S.A., known as Bladex (BLX), announced late Monday that Rubens Amaral Jr. submitted his resignation and will step down as Chief Executive Officer effective April 30, 2018. He will be succeeded by Gabriel Tolchinsky, currently the Bank´s Chief Operating Officer and Alternate to the CEO.
Separately, Bladex, a Panama-based multinational bank, announced the departure of Chief Financial Officer Christopher Schech to pursue other opportunities. He will be replaced by Ana Graciela de Méndez, currently Senior Vice President of Finance of Bladex, as part of the succession plan of the Organization.
The newly appointed CEO, Tolchinsky, has worked as a fulltime consultant to Bladex since 2014 helping the Bank develop its Supply Chain Financing business. In May this year, Tolchinsky took over as Chief Operating Officer in charge of Administration, Technology and Operations, and as the Alternate to the CEO, working closely with Amaral to enhance Bladex's position as a key player in Latin America's trade finance business.
The company noted that Graciela de Méndez, as the new CFO, will assume responsibility for the Bank's financial management, as well as the interaction with rating agencies, shareholders, and investors.
Bladex's Chairman, Mr. Gonzalo Menéndez Duque, said, "The Board is saddened by the departure of a CEO whose success in improving the Bank's business model, attracting top talent, relentlessly driving financial performance and enhancing the value of the Bladex brand is well-known and deservedly recognized."
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