1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Banco Santander, S.A.
  6. News
  7. Summary
    SAN   ES0113900J37

BANCO SANTANDER, S.A.

(SAN)
  Report
Delayed Bolsas y Mercados Espanoles  -  05/16 11:38:00 am EDT
2.700 EUR   -1.04%
10:20aTIM clears first hurdle in securing state guarantees for $3.1 billion loan - sources
RE
05/13Santander's Board Has Started A Process To Find A Replacement For Its Current CEO - Source
RE
05/13Santander's board begins search for CEO Alvarez's replacement
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Santander's board begins search for CEO Alvarez's replacement

05/13/2022 | 12:11pm EDT
FILE PHOTO: Santander logo is pictured in Warsaw

May 13 (Reuters) - Spain's Santander SA has begun the process to find a replacement for Chief Executive Officer Jose Antonio Alvarez, according to a source familiar with the matter, gearing up for a change at the bank's helm after seven years.

The bank's board, however, has not provided a time-frame for the search, the source added.

A number of the bank's top executives are among candidates to replace Alvarez, several bankers and financial sources in Spain told Reuters. Among them are Santander's regional head of Europe Antonio Simoes, wealth management head Victor Matarranz, CEO of Santander Mexico Hector Grisi and the lender's Chief Financial Officer Jose Antonio Garcia Cantera.

The plans were first reported by Bloomberg News, which said Alvarez had communicated internally that he plans to step down.

Santander declined to comment on the search and on the potential candidates, when contacted by Reuters.

The plans come more than three years after the Spanish lender withdrew the offer to make Italian banker Andrea Orcel CEO in 2019, making a rare, unexpected U-turn on such a high-level appointment. (https://reut.rs/3MfNY1x)

The decision led to a sour legal battle when Orcel filed a civil lawsuit against Spain's biggest bank. The former UBS group banker now heads Italy's second biggest bank UniCredit SpA . (Reporting by Niket Nishant in Bengaluru and Jesús Aguado in Madrid; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER, S.A. -1.04% 2.6995 Delayed Quote.-8.20%
UBS GROUP AG -1.16% 17.03 Delayed Quote.3.71%
UNICREDIT S.P.A. -0.29% 9.668 Delayed Quote.-28.62%
All news about BANCO SANTANDER, S.A.
10:20aTIM clears first hurdle in securing state guarantees for $3.1 billion loan - sources
RE
05/13Santander's Board Has Started A Process To Find A Replacement For Its Current CEO - Sou..
RE
05/13Santander's board begins search for CEO Alvarez's replacement
RE
05/12Pillar 3 Disclosure report for 2021
AQ
05/11Housfy Real Estate, S.L. announced that it has received €30 million in funding fro..
CI
05/10Italy's TIM on track to secure state-backed credit line - sources
RE
05/06Decline and near fall of Italy's Monte dei Paschi, the world's oldest bank
RE
05/05EU court rules against compensating Banco Popular investors
RE
05/04Santander Bank Raises Its Prime Rate to 4.00%
BU
05/04BANCO SANTANDER S A : New feature on Santander website and app lets customers measure carb..
PU
More news
Analyst Recommendations on BANCO SANTANDER, S.A.
More recommendations
Financials
Sales 2022 50 125 M 52 148 M 52 148 M
Net income 2022 8 500 M 8 843 M 8 843 M
Net Debt 2022 - - -
P/E ratio 2022 5,38x
Yield 2022 5,53%
Capitalization 45 302 M 47 131 M 47 131 M
Capi. / Sales 2022 0,90x
Capi. / Sales 2023 0,88x
Nbr of Employees 198 204
Free-Float 97,9%
Chart BANCO SANTANDER, S.A.
Duration : Period :
Banco Santander, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 2,73 €
Average target price 3,97 €
Spread / Average Target 45,6%
EPS Revisions
Managers and Directors
José Antonio Álvarez Álvarez Vice Chairman & Chief Executive Officer
José Antonio García Cantera Chief Financial Officer & Senior Vice President
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Ludwig Marzluf Chief Operating & Technical Officer
Marjolein van Hellemondt-Gerdingh Group Chief Compliance Officer
Sector and Competitors