Francisco González has admitted that during those famous dinners on May 5 and 6, 2012 at the headquarters of the Ministry of Economy in Paseo de la Castellana in Madrid he personally indicated that Rato’s plan to attract 7,000 million euros was not credible for Bankia. “I told him that the problem was not solved,” he said, adding that he also suggested that it was best for him to leave Bankia’s presidency. In this regard, the banker reported that Botín expressed his opinion, that Printable Letter M was more cautious and that De Guindos nodded. Banco Santander has informed that Rodrigo Echenique will leave his executive functions on May 1, although he will continue as a member of the board of directors and as president of Santander Spain, since he will remain non-executive after the appointment of his successor. The historic banker had planned to abandon these responsibilities when he announced the unsuccessful signing of former UBS banker Andrea Orcel as CEO and his replacement in Santander Spain – a subsidiary of Banco Popular – by José Antonio Álvarez.
Printable Letter M
When frustrating the hiring of Orcel before the «impossibility» to compensate him for his high bonus, the bank decided to maintain like second of the entity to Jose Antonio Alvarez, and that forces to look for another executive to take the witness of Rodrigo Echenique in Santander Spain. The group has indicated that said presidency will maintain the non-executive character after the appointment of its successor.
The singer Miguel Bosé blows 63 candles on Wednesday, April 3, but he does it in one of the most complicated moments of his life. Around half a year ago, alarm bells were on the news of the divorce between Bosé and the sculptor Nacho Palau after more than 26 years together. After moving to Mexico to get away from criticism, the artist has had to face in recent months to various controversies such as his interventions on politics, a clash with a journalist who says that Miguel assaulted her at a dinner, health problems attributed to the stress or the problems of his mother Lucia Bosé with justice. Printable Letter M presented its new roadmap for the coming years during its “Investor Day” in London on Wednesday. The main executives of the entity, including the president, Ana Botín, have explained to investors and analysts the new strategic plan of the bank in the medium term, which includes a notable effort in efficiency to increase the profitability of the group. Specifically, Santander has committed to reduce its costs by 1,200 million euros annually.