Credicorp Nominates Three New Directors, Maintains 25% Dividend Payout Minimum
Credicorp’s board will propose election of three new directors—María Inés Álvarez, Juan Paredes Manrique and Manuel Romero Valdez—at the virtual AGM on March 31, 2026, succeeding three retirees. The board also confirmed a minimum 25% dividend payout of consolidated net profits, reinforcing regulatory capital alignment.
1. Board Nomination Process
Credicorp’s Board approved candidates for election at the virtual 2026 AGM on March 31, 2026, following a structured nomination process overseen by the Compensation and Nominations Committee with formal independence assessments and conflict-of-interest safeguards.
2. New Director Nominees
The Board will propose three new director nominees: María Inés Álvarez, an AI and cloud technology executive; Juan Paredes Manrique, a former EY audit partner with financial governance expertise; and Manuel Romero Valdez, a corporate finance and M&A specialist, enhancing oversight in technology, regulatory compliance and capital allocation.
3. Retirements and Re-elections
Antonio Abruña Puyol, Alexandre Gouvêa and Patricia Lizárraga Guthertz will retire at the AGM, while six existing directors will stand for re-election to maintain continuity, institutional knowledge and governance stability on key committees including the Audit Committee.
4. Dividend Policy Update
The Board also approved updating the dividend policy to maintain a minimum payout of 25% of consolidated net profits, aligning distributions with regulatory capital requirements and long-term value creation objectives.