Banco Santander Names New CEO

Upon acceptance of the voluntary resignation from outgoing Banco Santander (NYSE: SAN  ) CEO Alfredo Saenz Abad, the bank has subsequently named Javier Marin Romano its new CEO, Banco Santander announced today.

Before being named Santander's CEO, Marin most recently led the global insurance, asset management, and private banking divisions of the eurozone's largest banking institution, as measured by market capitalization. Marin joined Banco Santander in 1991.

Outgoing CEO Saenz held the bank's senior leadership position since 2002, when he was also named vice chairman of Santander's board, He joined the bank in 1994. Saenz will step down from his board seat upon completion of the leadership transition to Marin.

Banco Santander's board of directors expressed "its recognition of and gratitude for Alfredo Saenz's extraordinary achievements since joining the Group and, in particular, as chief executive of Banco Santander."

No date was announced for when Marin will assume his new CEO responsibilities.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2395227, ~/Articles/ArticleHandler.aspx, 8/2/2014 2:57:17 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement