Credicorp Ltd. announced that its board has accepted the resignation of Alvaro Correa, who decided to retire by the end of 2021. Mr. Correa has had a 24 year career within the Group, including the last three years as Deputy CEO overseeing Insurance, Pensions, Investment Banking and Wealth Management and six years as CEO of Pacifico. Mr. Correa will continue as Chairman of the Board at Prima AFP and as a member of the Board at Credicorp Capital and Atlantic Security Bank (ASB). As a result, César Rivera and Guillermo Garrido Lecca, in their roles leading the Insurance and Health Businesses, respectively, will report directly to Mr. Ferrari. In addition, Mr. Rivera will oversee the Pensions business to steer the integration of its Insurance and Pensions businesses. In addition, the Board of Credicorp has appointed Diego Cavero Belaunde as Head of Universal Banking. Mr. Cavero is currently Deputy CEO of Wholesale Banking at BCP, and prior to that held positions as Head of Wholesale Banking, Head of Operations, Processes and Efficiency, and has been a member of the Boards of Credicorp Capital, Credibolsa, Bolivia, Credifondos Bolivia, and Crediseguros. Moreover, the Board approved the creation of the position of COO from January 2022, to be held by Alejandro Perez-Reyes and who will report to the CEO. This new position will oversee the corporate functions of: Sustainability, Open Innovation (Krealo), Corporate Strategy and Development, M&A and Human Development. Mr. Perez-Reyes is currently Credicorp Capital’s COO and Peru Country Head since July 2018. Prior to these positions, he was the Head of Asset Management of Credicorp Capital for six years. He has worked at Credicorp since 1999, where he has previously held the positions of Chief Investment Officer at Prima AFP and Head of Derivatives and Structured Products at BCP.