Espírito Santo Financial Group S.A. announced that Mr. Ricardo Espírito Santo Silva Salgado, Mr. José Manuel Pinheiro Espírito Santo Silva, and Mr. Gherardo Laffineur Petracchini resigned as Chairman, Vice Chairman and Director respectively. Mr. Roger H. Hartmann, Chief Executive Officer, was elected as Chairman of the board of directors. Mr. Caetano Espírito Santo Beirão da Veiga was co-opted as a Director.