Banco Santander Appoints Héctor Grisi As CEO

• Spanish multinational financial services provider Banco Santander, S.A. (NYSE:SAN) has appointed Héctor Grisi as its Chief Executive Officer, effective January 1, 2023.
• He will succeed Jose Antonio Alvarez who will remain on the board and serve as non-executive vice chair.
• Grisi joined Santander in 2015 as CEO of Santander Mexico and was appointed head of the Santander group’s North America region in 2019.
• The financial group has tapped the insider to the post after an overhaul of the management structures recommended by the European Central Bank, Bloomberg reported.
• The appointment requires approval from the European Central Bank.
• Price Action: BAN shares traded higher by 3.64% at $2.85 in the premarket on the last check Friday.