StockWatch
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Commercial Banks
Management ChangeJul 16, 2026, 05:31 PM

Santander Brasil Director Resigns; EGM Called for New Elections

AI Summary

Banco Santander (Brasil) S.A. announced that its Board of Directors acknowledged the resignation of Mr. Nitin Prabhu as a Board Member, effective July 28, 2026. The Board also approved a proposal to call an Extraordinary General Meeting (EGM) for August 18, 2026. The EGM will address fixing the number of board members, electing two new members, and confirming the Board's composition.

Key Highlights

  • Mr. Nitin Prabhu resigned as a Board Member, effective July 28, 2026.
  • The Board of Directors acknowledged Mr. Prabhu's resignation.
  • An Extraordinary General Meeting (EGM) is approved for August 18, 2026.
  • The EGM will fix the number of members on the Board of Directors.
  • The EGM will elect two new members to the Board of Directors.
  • The EGM will confirm the new composition of the Board of Directors.