PMDB covets a position worth its weight in gold at Banco do Brasil.
The party of Vice President Michel Temer wants the Vice Presidency of Retail Business, which lends billions, oversees all branches of the state-owned bank, and is currently held by executive Paulo Rogério Cafarelli (left); will they succeed?
247 – The chaotic transfer of employees from various directorates of Banco do Brasil, who are being summoned to move from Brasília to São Paulo, could be used as an argument to accelerate changes in the leadership of Brazil's largest bank. At stake in the current political chess game at BB is the Vice Presidency of Retail Business, currently held by executive Paulo Rogério Cafarelli.
A native of Paraná state, he holds the third most important position in the institution, responsible for controlling all regional superintendencies and bank branches, thanks to the support of President Aldemir Bendine and Vice President Ricardo Oliveira. Cafarelli also maintains good relations with the ministerial couple Paulo Bernardo and Gleisi Hoffmann. However, both are dissatisfied with the relocation of the directorates from Brasília to São Paulo, which reveals excessive autonomy for the bank's managers.
Watching closely is the Vice-President of the Republic, Michel Temer, who has already sent President Dilma a list of positions that the PMDB would like to occupy in the public administration – one of these positions is the Vice-Presidency of Retail Banking at Banco do Brasil. Since the fall of the Minister of Agriculture, Wagner Rossi, President Dilma has admitted to close associates that the PMDB occupies positions in the government that are inferior to its political weight.
Matter of survival
Cafarelli, in turn, was also exposed in the episode of the headquarters change, because he was the only person who spoke on behalf of the bank in that episode. He said that the transfer of directorates is part of a strategic positioning of the bank and is a "matter of survival" for an institution that, although public, has private competitors.
This is a controversial point, since Banco do Brasil, even though headquartered in Brasília, has presented financial results superior to those of private banks such as Itaú, Bradesco, and Santander.
In any case, Cafarelli may have to start worrying about his own survival in the position.