MADRID, 24 Nov. (EUROPA PRESS) –
The president of Unicaja Banco, Manuel Azuaga, has presented his resignation today as a director of the entity and, therefore, as president of the board of directors.
This decision will take effect once the supervisory no-objection of the European Central Bank (ECB) is obtained and when the appointment of his replacement is agreed, as reported by the entity in a statement to the National Securities Market Commission (CNMV).
Azuaga has stated that it is the “ideal time” for his departure, once the merger by absorption with Liberbank has been completed in all its aspects and the transitional period provided for therein has ended, as well as different processes in the field of governance of the company have been completed. society with the agreements adopted at the Extraordinary General Meeting held on November 14.
Azuaga’s resignation as president of the entity ends his career at Unicaja, since its constitution in 2011, and in the entities that preceded him, since 1986.
The board of directors thanked Azuaga for his “dedication and services provided” to the entity. After becoming aware of the resignation, the board has agreed to activate the succession plan for the selection of the candidate to replace him. The process will have the support of an independent consultant.
The resignation of the president of Unicaja occurs a few days before the entity meets with the ECB within the framework of the banking supervision exam that all banks have to pass each year.
This meeting, which will take place in the coming days, as Europa Press has learned from financial sources, is one of the last before the ECB finishes the current review and evaluation process. The aggregate results of all euro zone entities will be published in mid-December.
During this supervisory review, not only the bank’s business model, capital and liquidity are examined, but also its internal governance and other associated risks.
Unicaja Banco is the only entity that faces the ECB review this year after having dismissed its CEO and with significant changes in its shareholding, with the departure of the Oceanwood fund and the Mexican businessman Ernesto Tinajero. After these movements, Tomás Olivo, which reached 9%, Norges Bank, which reached 7.5%, and Santalucía, which reached 5.2%, were reinforced.
