Unicaja’s board of directors has appointed Antonio Carrascosa Morales, former director of the Fund for Orderly Bank Restructuring (FROB), and Rocío Fernández Funcia, independent director of Avanza Previsión and Cofides and former partner in charge of Capital Markets at PwC, as directors independent of the entity.
As the company has confirmed through a note to the National Securities Market Commission (CNMV), both appointments have had a prior favorable report and have been made at the proposal of the entity’s Appointments Committee.
According to the statement, the committee itself as well as the Board continue with the processes to fill the vacancies corresponding to two independent female directors, thus fulfilling the announced purpose of following the recommendations of the Code of Good Governance of listed companies in terms of to gender diversity.
In the same way, it continues with the process for the appointment of a new CEO after the departure of Manuel Menéndez. The company thus seeks to definitively close the governance crisis that it has kept open for months after the clash between the large shareholders to gain control of the bank.
The confrontation began after the merger of the Malaga entity with the Asturian Liberbank, in July 2021. At that time, it was agreed that Manuel Azuaga, from the old Unicaja, would be the executive president of the new company, while Manuel Menéndez would be the CEO. The bicephaly was transferred to the council, with advisers related to one and the other, who have been the protagonists of the fight at the top.