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Name | Symbol | Market | Type |
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Banco Santander SA | NYSE:SAN | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.78% | 5.08 | 5.13 | 5.06 | 5.13 | 2,205,249 | 21:25:01 |
BOSTON, July 24, 2019 /PRNewswire/ -- The Boards of Directors of Santander Holdings USA, Inc. ("Santander US") and Santander Consumer USA Holdings Inc. ("SC") have approved several senior management appointments to further strengthen Santander's US leadership teams.
In the coming months the following leadership changes will take effect, with all four senior executives reporting to Scott Powell, Chief Executive Officer of Santander US and SC.
At Santander US:
At Santander Consumer:
"These changes further strengthen our US management team at this important juncture for Santander's US businesses," said Powell. "Over the past 18 months, we've achieved a number of milestones: significant regulatory progress, an amended agreement with FCA at Santander Consumer, and we've been the fastest-growing country within Santander Group throughout 2018 and 2019. The leaders we're announcing today, with their unique blend of institutional knowledge and finance experience, will continue to drive Santander US forward."
Powell continued, "I am pleased that so many of these roles are being filled with people who already work at Santander. It speaks to the strength, depth and maturity of our US management teams. I also want to thank Duke and Rich for their years of service to Santander's businesses in the US, and wish them the best as they take on new opportunities."
As President and CEO of SBNA, Timothy Wennes will have responsibility for establishing and executing long-range plans and growth strategies for SBNA. Wennes brings significant banking experience to the role, joining Santander from MUFG Union Bank, N.A. ("MUFG"), where he most recently served as West Coast President and Head of the Regional Bank. At MUFG, he oversaw Commercial Banking, Real Estate Industries, Consumer Banking and Wealth Management, in addition to holding responsibility for the bank's Enterprise Marketing and Corporate Social Responsibility programs.
Juan Carlos "JC" Alvarez joins Santander US from SC, where he has served as CFO since October 2017. A highly experienced finance professional, Alvarez joined Santander in 1996 and has held roles with increasing responsibility, including Corporate Treasurer for Santander US. In that role, Alvarez oversaw Santander US's liquidity risk management, asset liability management, fixed-income investor relations and treasury functions.
Fahmi Karam has been appointed CFO of SC in addition to his current leadership position as Head of SC's Pricing and Analytics. He joined SC in September 2015 as Executive Vice President of Strategy and Corporate Development, where he was responsible for overseeing financial planning and analysis, asset acquisitions and sales, and other strategic initiatives. Previously, Karam spent 12 years with J.P. Morgan's investment banking unit. He also held positions at Deloitte in its audit and assurance services.
Shawn Allgood will assume the role of Head of Chrysler Capital and Auto Relationships from his current position as Executive Vice President, where he led consumer underwriting. In his new role, Shawn will be focused on, and responsible for, Chrysler Capital and SC's sales and marketing activities, and its dealer and customer relationships. He joined Santander in April 2017 from Ally Financial Inc., where he held a series of leadership roles with increasing responsibility for nearly three decades, serving most recently as Executive Director for Collections.
Additional details regarding the appointments announced today will be filed with the Securities and Exchange Commission by Santander Consumer USA Holdings Inc.
About Santander Holdings USA, Inc.
Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), one of the most respected banking groups in the world with more than 125 million customers in the U.K., Europe, Latin America and the U.S. As the intermediate holding company for Santander's U.S. businesses, SHUSA includes five financial companies with more than 17,500 employees, 5.2 million customers and assets of over $144.8 billion. These include Santander Bank, N.A., one of the country's largest retail and commercial banks by deposits; Santander Consumer USA Holdings Inc. (NYSE: SC), an auto finance and consumer lending company; Banco Santander International of Miami; Banco Santander Puerto Rico and Santander Securities LLC; and Santander Investment Securities Inc. For more information about Santander Bank, visit www.santanderbank.com.
About Santander Consumer USA Inc.
Santander Consumer USA Holdings Inc. (NYSE: SC) is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 2.7 million customers across the full credit spectrum. The Company, which began originating retail installment contracts in 1997, had an average managed asset portfolio of approximately $56 billion as of June 30, 2019, and is headquartered in Dallas. (www.santanderconsumerusa.com)
CONTACTS:
Santander Consumer USA Investor Relations
Evan Black
800.493.8219
InvestorRelations@santanderconsumerusa.com
Santander US Media Relations
Laurie Kight
214.801.6455
mediarelations@santander.us
View original content to download multimedia:http://www.prnewswire.com/news-releases/santander-us-and-santander-consumer-usa-announce-key-leadership-appointments-300889962.html
SOURCE Santander Holdings USA, Inc.
Copyright 2019 PR Newswire
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