Progress in the process of electing CABEI's new Executive President
On November 17th, 2023, a new Executive President is expected to be elected from a shortlist selected on a competitive basis by the prestigious New York firm of Heidrick & Struggles.
Tegucigalpa, October 10, 2023. Unlike other international organizations, the Constitutive Agreement of the Central American Bank for Economic Integration (CABEI) stipulates that its Executive President must be chosen from a short list of three candidates selected on a competitive basis. By virtue of this, and having decided not to reelect the current Executive President, an international public bidding process was carried out to select a firm of recognized prestige for the execution of said bidding process. Numerous firms of unquestionable reputation from countries that are not members of the Institution participated in the bidding process in order to avoid any bias, and one of the most prestigious and renowned firms in the world, Heidrick & Struggles, New York office, was selected.
Subsequently, in strict compliance with the applicable regulations and the rules of the competition approved by the Board of Directors by unanimous vote, a broad public call was issued for nationals of the Bank's founding countries who met the requirements of the position to apply on their own initiative by sending their résumés to an e-mail account controlled by the consulting firm. This call for applications, which began on June 26th and ended on September 15th, was widely publicized on social networks and in the media, and nearly 250 men and women applied for the position. In addition, the Board of Directors formed a working group to supervise the process, composed of directors and technical and control units, also establishing contractual measures so that the firm is the only one that has access to the universe of candidates and performs its work free of any influence.
Heidrick & Struggles is currently conducting the necessary interviews and evaluations to compile the list of six candidates that will be submitted to the CABEI Board of Directors by October 13th. When submitting this list, the firm must include a matrix containing a summary of the criteria considered for the evaluation of the resumes analyzed, in addition to certifying that it has verified the information contained in the resumes of the nominees, that it has investigated their credit history, professional references, behavior in social networks and work performance, among other criteria, and that it has conducted various tests and investigations to ensure that they have the skills and abilities required to perform the position; and that the six candidates are the most qualified and that whoever is chosen meets the profile of the position.
The Board of Directors will interview the nominees during its October meeting, which begins on Monday, October 23rd, in order to select a short list for consideration by the Bank's Board of Governors. To that end, the Bank's Board of Directors has called a special meeting of the Board of Governors for November 17th.
On the other hand, it should be noted that the Board of Directors, as the body responsible for the Bank's management and the immediate superior of the Executive President, has approved a series of measures to ensure an orderly transition in the Executive Presidency, as well as to ensure that the Institution's operations continue normally and that its personnel are not affected. All of this, with the purpose of ensuring continuity in the Bank's strategies and plans approved by the Board of Directors.
