Unicaja approves the appointment of Isidro Rubiales as the bank’s new CEO

by archynewsy
0 comment

Unicaja continues trying to sew the seams opened by its latest governance crisis and this Friday officially appointed Isidro Rubiales as the new CEO of the entity, replacing Manuel Menéndez and once authorization from the European Central Bank (ECB) has been received.

The board of directors of the entity, after a meeting held this Friday, has supported the appointment. “The Board of Directors, in its meeting held today, has agreed to appoint Mr. Isidro Rubiales Gil as CEO of the Company and to delegate to him all the powers of the Board of Directors, except those that cannot be delegated,” states a communication sent to the National Stock Market Commission (CNMV).

Likewise, the president, Manual Azuaga, has approved the change in category, in such a way that he loses his executive functions, remaining as non-executive president, and now has the category of ‘other external’ director. In this way, Rubiales remains the sole executive director of the entity.

According to the note, “once this appointment has been agreed, the provision contained in the Common Merger Project – with Liberbank – has been fulfilled, in accordance with which the president of the board of directors has become non-executive” and with the category of external director.

The entity officially elected Rubiales, who was in charge of the bank’s Control division, on July 31, thus settling one of the unknowns that the crisis that opened on the board after the merger with Liberbank in July had left behind. 2021 and the reorganization process undertaken after the operation.

Related Posts

Leave a Comment