Economics
Santander Names Alvarez CEO in Botin’s First Board Revamp
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Banco Santander SA Chairman Ana Botin ousted the chief executive officer of Spain’s biggest bank and replaced two directors, asserting her leadership two months after taking over from her late father.
Santander promoted Jose Antonio Alvarez to CEO, replacing Javier Marin, who is leaving the company. Jose Garcia Cantera will replace Alvarez, 54, as chief financial officer and the appointments will take effect Jan. 1, the bank said.