Itau’s Marangon Said to Depart With 4 Directors in Restructuring
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Marcelo Marangon, an executive director of Banco Itau BBA SA, and at least four directors have left the bank amid a restructuring with management changes, three people with direct knowledge of the matter said.
The departing directors include Andre Cury, Antonio Sanches, Jorge Bedran Jettar and Paulo di Paula Abreu, said two of the people, who requested anonymity because the departures haven’t been announced publicly. Marangon and the bank declined to comment.