CaixaBank executives win by a landslide in the new management committee

CaixaBank’s board of directors has approved the new management committee of the new entity resulting from its merger by absorption of Bankia. As this newspaper announced, the number of members of this committee is 14, headed by Gonzalo Gortázar, CEO of the entity in charge of presiding over this body, and reporting directly to the board of directors. The statement emphasizes the role of José Ignacio Goirigolzarri as president with some executive functions, although the entity’s chief executive will be Gortázar.

Among the 14 executives that make up the new CaixaBank management, there are only three executives from Bankia, the rest are directors of the bank of Catalan origin.

Thus, in addition to the CEO, Juan Alcaraz, general director of business, will sit on this committee, making him number three in the institution. Xavier Coll, will be general director of human resources, although this manager will leave his position in January 2022, and will be replaced by David López.

Jordi Mondéjar, will be the general director of risks, Iñaki Badiola, director of CIB & International Banking; Luis Javier Blas, will be the new media director; Matthias Bulach, will have under his management the direction of accounting and management control and capital; Manuel Galarza will be responsible for compliance and control, while María Luisa Martínez remains in the position of director of communication and institutional relations.

Javier Pano, will be the financial director, Marisa Retamosa, is the new director of internal audit; Eugenia Solla will be the new sustainability director, Javier Valle, insurance director and Óscar Calderón will be the general secretary and of the council.

Of these appointments only three, Eugenio Solla, David López and Manuel Galarza come from Bankia. Of these, David López is the one who will hold the most prominent position, since there are only three general directorates in the bank in the organization chart.

Goirigolzarri, who is not on this committee, will be responsible for the communication, internal audit and board secretariat departments, the three divisions in which CaixaBank executives sit.

This new organization chart has yet to go through its ratification in a next council resulting from the merger.

The merger is expected to materialize in the coming weeks, before the end of the first quarter of this year, after receiving all authorizations. The operational integration will take place before the end of the year.

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