2023-09-20 14:29:41
He European Central Bank (ECB) has given the corresponding regulatory authorizations to Unicaja Bank for appoint Isidro Rubiales as CEO to replace Manuel Menéndezas reported by the Andalusian entity this Wednesday in a statement.
The bank was pending approval from Frankfurt since the decision to appoint Rubiales as the new chief executive on July 31 of the bank, after having dismissed Manuel Menéndez on June 1.
The new CEO was until now in the general management attached to the president, that is, he was the ‘right hand’ of the current executive president, Manuel Azuaga. I was in charge of control and relationship with supervisors.
The executive is Graduate in Economics and Business Sciences from the University of Malaga, with a specialization in Public Finance. Has an experience of more than 30 years in the financial sector. At Unicaja, he has held different positions of responsibility, both in Accounting, Control and Strategy. The bank has highlighted the “relevant role” that Rubiales has played in the integration processes carried out by Unicaja (Banco Ceiss and Liberbank).
This change in the leadership of the bank is included within the board of directors remodeling process that the entity has been addressing after its merger absorption with Liberbank in July 2021.
Specifically, the merger agreement established that, within two years of the operation, that is, before July 30, 2023, the board of directors must modify the governance model of Unicaja Banco, in such a way that the chairman, Manuel Azuaga would leave his executive functions and the CEO, Manuel Menéndez, would be re-evaluated.
The ECB has also given its authorization for independent directors to join the board of directors. Antonio Carrascosa Morales (former director of the Fund for Orderly Bank Restructuring), Rocío Fernández Funcia (independent director of Avanza Previsión and Cofides and former partner responsible for Capital Markets at PwC) and Ines Guzman Arrue (responsible for Accenture Operations in Spain, Portugal and Israel).
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