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Senate appoints three new BCRP directors for the 2026–2031 term

Oswaldo Molina Campodónico, José Ricardo Stok Capella and Juan José Marthans León will fill the three seats on the BCRP board allocated to the Senate. The legislative resolution was published on October 21, 2026.

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The Peruvian Senate formalized the election of Oswaldo Molina Campodónico, José Ricardo Stok Capella and Juan José Marthans León as directors of the Central Reserve Bank of Peru (BCRP) for the 2026–2031 term. Their appointment was formalized through Senate Legislative Resolution 002-2026-2027-S, published on October 21, 2026.

The three new members will fill the seats allocated to the Senate on the board of the monetary authority. The election followed the final report of the Special Procedures Committee, which assessed the candidates and proposed an order of merit.

How the votes and evaluation were conducted

According to the results reported by Congress, Molina Campodónico received 40 votes in favor, Stok Capella received 34, and Marthans León received 36. Coverage by Gestión and Canal N reports 33 votes for Stok, while Congress’s record and Forbes report 34; therefore, the figure in Congress’s official statement is used here.

The committee reviewed whether candidates met the requirements, their academic backgrounds and professional experience, and conducted personal interviews. According to the presentation by the committee’s chair, Hugo Ccahuana Aymachoque, the evaluation awarded up to 60 points for education and experience—30 for each component—and up to 40 points for the interview. The committee approved the final report on October 7 and submitted it to the full Senate for a vote.

Profiles of the new directors

Molina Campodónico holds a degree in economics from the Universidad del Pacífico and a PhD in economics from the University of Oxford. He is a professor and researcher at the Universidad del Pacífico and has worked in public administration, including at the Ministry of Development and Social Inclusion. His research areas include poverty, inequality and development economics.

Stok Capella holds a degree in business administration from the University of Buenos Aires and a PhD in economic and business sciences from the University of Navarra. He is a full professor at PAD-Escuela de Dirección of the University of Piura. His career includes executive positions at Banco de la Nación, Banco de Comercio and Grupo Distriluz, as well as experience in corporate finance and business management.

Marthans León, an economist from the University of Lima, served as superintendent of banking and insurance from 2002 to 2007 and as deputy general manager of Cofide. He has also pursued academic work and completed postgraduate studies in banking, finance, financial policy and corporate governance.

Board composition

The BCRP board consists of seven members. With the new appointments, the three seats elected by the Senate are filled; the other members are the bank’s president, Julio Velarde, and Inés Marylin Choy Chong, Luis Miguel Palomino Bonilla and Gustavo Yamada Fukusaki, appointed by the Executive Branch.

The resolution formalizes the appointment of the three elected members to the board for the new term. The available information confirms the appointments and the election process, but does not anticipate specific changes to the bank’s decisions or policies as a result of this renewal.

Sources and methodology

  1. BCRP: Senado oficializa elección de Oswaldo Molina, José Stok y Juan José Marthans como directores ↗gestion.pe
  2. Senado eligió a directores del Banco Central de Reserva ... ↗comunicaciones.congreso.gob.pe
  3. Senado elige a tres nuevos directores de Banco Central de ... ↗canaln.pe
  4. Senado elige a tres nuevos directores del BCRP para el ... ↗forbes.pe
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