Banco Santander Appoints Héctor Grisi As CEO

  • Spanish multinational financial services provider Banco Santander, S.A. 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.

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