Credicorp Ltd. announced that the Board of Directors, in its session held on January 27th, 2022, appointed Francesca Raffo as Chief Innovation Officer of Credicorp, effective February 1st, 2022. This position, which was recently created, will ensure that all LOBs are aligned with Credicorp's strategy to act as force of disruption and innovation in the financial services industry. With its new governance structure, the company intends to strengthen its capabilities to incubate new business models that are close to its core at each LOB Innovation Center while pursuing external innovation opportunities through its Corporate Venture Center, Krealo.

Ms. Raffo will continue in her role as Deputy CEO Retail Banking at BCP, which she assumed in June 2020. Her successful career at BCP spans 26 years and includes heading Transformation at BCP; managing the Satisfied Customers' Division; creating BCP's first Innovation Center; and leading the Marketing Services Area. Additionally, the Board determined that Mr. Cesar Rivera will be the Head of the LOB Insurance and Pensions in replacement of Alvaro Correa, who recently retired.

Mr. Rivera has more than 25 years of experience in the Pensions and Insurance sector and will remain in his current role of CEO of Pacifico Compañía de Seguros y Reaseugros, which he has held since January 2020.