Arval Brazil has appointed Andrea Falcone as its new chief executive officer. He replaces Nuno Silva, who has become regional general manager of Arval in Latin America.

An Italian national, Falcone has been based in Brazil for more than a decade and joined Arval as chief financial officer in 2014. He subsequently became vice-president and director of commercial and marketing.

Prior to working for the leasing firm, he held automotive and logistics sector roles in Brazil, France and China, the latter two with French manufacturer PSA.

Fernando Ribaldo Ribeiro replaces Falcone in his former role of deputy general manager.