AFP Planvital has a new leader at the helm, as announced to the market on Thursday. José Joaquín Prat Errázuriz, who previously served as General Manager of the pension fund administrator, has been appointed as the new CEO.
The company’s board made the decision during an extraordinary meeting on Wednesday afternoon, as disclosed in an essential statement to the Financial Market Commission (CMF). This marks the end of Andrea Battini’s five-year tenure as CEO.
According to his professional LinkedIn profile, Prat has 18 years of experience in the Chilean pension system. He joined Planvital in 2006 and has held various leadership roles in different corporate areas, including legal, compliance, and risk management. He assumed the role of General Manager in August 2019.
In addition to his law degree, Prat holds a master’s degree in corporate law from the University of the Andes.
Battini will remain with the company for the next few months. According to the letter sent by AFP Planvital to the regulator, he will continue providing services until November 30 of this year, acting as an advisor to the board and senior management to support the leadership transition.
The board of Planvital praised the “high professionalism, commitment, and track record” of the outgoing CEO during his time with the company.
Founded in 1981, at the dawn of Chile’s individual capitalization pension system, the company closed August of this year with an AUM (Assets Under Management) of $10.986 billion, according to information from the Superintendence of Pensions. This gave it a market share of 5.6% at that time.
