We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Banco Santander SA | NYSE:SAN | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.82% | 4.83 | 4.86 | 4.81 | 4.85 | 1,502,812 | 22:32:53 |
From May 2019 to May 2024
By Christopher Bjork
MADRID-- Banco Santander SA on Tuesday replaced its chief executive with its long-standing finance chief and made several changes to its board of directors, in the first major shake-up at the eurozone's largest lender since Ana Botín took the reins following her father's death.
Javier Marín will leave the bank after less than two years as CEO, to be replaced by Jose Antonio Álvarez, who has spent the past 10 years as the lender's finance chief, the bank said in a statement. It didn't elaborate on the reasons behind Mr. Marín's departure.
Ms. Botín, who was chosen as executive chairman in September following the death of her father Emilio Botín from a heart attack, also elevated one of her top lieutenants, José García Cantera, to the post of chief financial officer. Mr. García Cantera was CEO of Banesto, a former unit of Santander, when Ms. Botín chaired that bank.
The moves show Ms. Botín is surrounding herself with her allies, shaking up a board that her father built up over decades.
The Spanish banking giant also announced the appointments of Bruce Carnegie-Brown as first deputy chairman and lead independent director of the board. Mr. Carnegie-Brown is chairman of Moneysupermarket.com, a U.K. price comparison website, and a board member at Santander's U.K. unit, which Ms. Botín led before she got the top post at Santander.
Santander also named Catalan businesswoman Sol Daurella, who chairs the Coca-Cola bottling company in Spain and Portugal, and Carlos Fernández González, a Mexican national who is a former top executive of beer maker Grupo Modelo, as independent directors. Mr. Fernández is a current member of the board of Santander Mexico.
Santander named Rodrigo Echenique, a nonexecutive board member, as deputy chairman.
The changes will take effect on Jan. 1, Santander said.
"On behalf of the board, I would like to express our gratitude to Javier Marín, for his great work for Banco Santander for 23 years and especially for his service as CEO," Ms. Botín said.
Mr. Marín, a former chief of staff to Mr. Botín, was named CEO in April 2013.
Write to Christopher Bjork at christopher.bjork@wsj.com
Access Investor Kit for Banco Santander SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=ES0113900J37
Access Investor Kit for Banco Santander SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US05964H1059
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Banco Santander Chart |
1 Month Banco Santander Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
