Election process for the new Executive President of CABEI

Tegucigalpa, September 20, 2023.- On May 12, 2023, the Bank's Board of Governors unanimously instructed the Board of Directors to begin the procedure to elect a new Executive President, with the mandate of Dr. Dante Mossi, the current Executive President, reaching its end on November 30 of this year.

This procedure seeks to ensure the election of a new Executive President who has the skills, experience, knowledge, and leadership that will allow CABEI to bring integrity and ethics to the challenges required by the new strategic approach that the governing bodies of the Institution decide to implement, thereby strengthening the trust of its members and other stakeholders.

In response to said instruction, the CABEI Board of Directors decided to carry out an international public tender process for the selection and contracting of the consulting firm that would carry out the competition for the election of the new Executive President. 16 firms participated in this public tender, and Heidrick & Struggles (New York branch, United States of America), a firm of recognized international prestige, was selected.

In addition to the foregoing, since last June 26, the call to apply for any citizen of the founding countries of the Bank who met the requirements and the corresponding profile was widely promoted through social networks and the media. Potential candidates could apply directly and on their own initiative for the position of Executive President of CABEI. At the close of the process, on September 15, 2023, 243 applications were received.

These candidacies are being managed exclusively by Heidrick & Struggles, the firm selected for this purpose. This firm has the obligation to handle the names and identities of the universe of participants under the strictest confidentiality, with its officials being the only ones authorized to access said information. This is done with the purpose of carrying out the corresponding interviews and evaluations to form the list of six candidates that will be presented to the CABEI Board of Directors no later than October 13, 2023.

Based on this, the Board of Directors will proceed to interview the candidates included in said list during its session period in October of this year, which will begin on Monday the 23rd of that month. Where appropriate, the Board of Directors will select a shortlist of three candidates that will be submitted for consideration of the Board of Governors of the Bank, so that said collegiate body may elect the new Executive President in an extraordinary meeting that has been convened for next November 17.