US EditionSpain's Sabadell Names TSB's Armengol as New CEO, Replacing Gonzalez ...
Marc Armengol, key to TSB's growth and former Sabadell COO, will succeed César González-Bueno as Banco Sabadell CEO after May, pending regulatory approval.
- After May, Marc Armengol will move to Sabadell as chief executive, leaving TSB to replace César González-Bueno at the Spanish bank.
- This year Santander plans to buy TSB during the first half, following a deal struck last year with Sabadell.
- Having served as TSB's strategy director and board member, Mr Armengol rejoined TSB last year and rose to CEO over five years during a transformation that boosted Sabadell's results.
- Subject to regulators' approval, the handover is set to occur after May; TSB said it will announce Armengol's successor closer to the time.
- TSB chairman Nick Prettejohn said: `Marc's appointment is just reward for everything he has achieved personally.` Santander plans to integrate TSB into its group, with the deal valued at �2.65 billion expected to rise to �2.9 billion.
32 Articles
32 Articles
Marc Armengol assumes the task of putting himself at the head of the Sabadell Bank with the entity sailing wind aft. After overcoming the storm that represented the attack of BBVA in the form of hostile opa, the Vallesano bank has installed itself in a good wave that, before Christmas, even led the direction to organize a megafest in the Palau Sant Jordi with more than 9,000 workers. Armengol’s mission is that the rhythm does not stop.
The entity has just announced the departure of its CEO, César González-Bueno, who will be replaced by Marc Armengol, current CEO of TSB, its British subsidiary. From the entity they ensure that the change takes place from "common agreement" and that it is an "optimal moment" to effect the change.The change of chairs will happen predictably in May, after the meeting of shareholders and obtaining the corresponding authorizations from the European …
Evening Standard
The IndependentTSB announces boss leaving to head up Spanish owner Sabadell
Marc Armengol will step down to take up the new role at Sabadell.
The Board of Directors of Banco Sabadell has agreed to propose the appointment of Marc Armengol,...
Until now CEO César González-Bueno will leave all his functions at Sabadell Bank.
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
