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Banco Santander is speeding up the process of releasing its CEO José Antonio Alvarez

Santander Bank accelerates the search for a successor to the CEO, Jose Antonio Alvarez, as reported this Friday by Bloomberg and reported exclusively by La Información on February 2. The second person at the bank is nearing his retirement from senior management following the release of quarterly results.

Alvarez remained CEO of the bank after the unsuccessful appointment of a former banker from UBS, Andrea Orsell, which is managed by the Italian Unicredit. President of Santander Ana Botinis looking for both internal and external candidates and has begun the recruitment process through a bounty hunter firm Ego Zender.

Antonio Simões, Victor Matarrans, Jose Garcia Cantera and Javier Garcia Carranza enters the race as a prime replacement candidate Jose Antonio Alvarezholding this post since November 2014. Flash war in Ukraine temporarily put the process on hold, although since the paper was published in February, a decision is expected to be made in the coming months. The organization then officially clarified that there was no formal open process at the time, although this Friday declined to comment regarding this issue.


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