New Vice President & Deputy CEO takes office

(Caracas, May 18, 1994).-- Venezuelan engineer Eduardo Fernández this week assumed the post of CAF Vice President & Deputy CEO replacing economist Pedro Sorensen, of the same nationality, who rejoined his country’s diplomatic service after occupying this position for five years.

CAF is formed by Bolivia, Colombia, Ecuador, Peru and Venezuela, and has Mexico, Chile and Trinidad and Tobago among its shareholder partners, together with 22 private banks from the region.

The financial institution’s mission is to support the sustainable growth and integration efforts of the region, backing member countries in their transformation toward economies which are more diversified, competitive and sensitive to social needs, with special attention to the business sector.

Before assuming the CAF executive vice presidency, Eduardo Fernández was president of Arrendadora Consolidada SAAF, company where he held various positions for nine years.

With his long working experience in the private sector, Fernández has occupied managerial and directive positions in several national and multinational companies, especially in the areas of civil, oil and systems engineering, as well as tourism development, and real estate. He has also taught in several universities and is author of various publications on management engineering and finance leasing.