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Botín makes her mark with shake-up at Santander

Ana Botín has made her first big move since taking over as chairman of Banco Santander, appointing a new CEO and naming three new independent directors. Javier Marín, who was appointed chief executive less than two years ago, will leave the bank and is replaced by José Antonio Alvarez, Santander's long-serving chief financial officer. The new directors are Bruce Carnegie-Brown, Sol Daurella and Carlos Fernández. Commenting on the CEO appointment, analysts at Citigroup said: 'Mr Alvarez is an experienced and well-regarded executive whose leadership should be positive for Santander and the shares. We expect continuity, predictability and potentially more transparency on issues such as capital and strategic priorities.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

 

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