Madrid, 10 April 2017
NOTIFICATION OF A SIGNIFICANT EVENT
TO THE
SPANISH SECURITIES MARKET COMMISSION (CNMV)
Banco Popular Español, S.A. hereby announces that all the proposed
resolutions on the Agenda, notified to the Commission as a
Significant Event on 7 March 2017, were duly approved at the
Ordinary General Shareholders’ Meeting held today in Madrid.
After the General Shareholders' Meeting, the Board unanimously
decided to co-opt Mr Ignacio Sánchez-Asiaín Sanz as a Board
member, and to appoint him as Chief Executive Officer in
replacement of Mr Pedro Larena Landeta, who has stepped down as
a member of the Board and Chief Executive Officer.
The resignation and appointments shall come into force on 18 April
2017, and appointments are subject to the pertinent regulatory
authorisations.
The Board of Directors also unanimously approved the following
agreements, following a proposal by the Appointments, Governance
and Corporate Responsibility Committee:
- The co-opting of Mr Vitalino Nafría Aznar as an independent
Director to fill the vacancy left by the departure of Mr Roberto
Higuera Montejo from the Board, at his own request.
The Board of Directors unanimously agreed to thank him for
his services to the Bank during his time on the Board.
Banco Popular Español, S.A. Registered Office: Velázquez 34, esq. Goya 35, Madrid. Madrid Companies Register: Vol. 174, Sheet 44, Page 5458, Entry 1 Company Tax ID A-28000727
- The appointment of Mr Antonio González-Adalid García-Zozaya
as First Vice-Chairman of the Board in replacement of Mr
Roberto Higuera Montejo.
- The appointment of Mr Vitalino Nafría Aznar as a member of
the Audit Committee, in replacement of Mr Roberto Higuera
Montejo, and of the Risks and Compliance Committee, in
replacement of Mr José Ramón Estévez Puerto.
Finally, the Board of Directors unanimously decided to appoint Mr
Miguel Escrig Meliá as Chief Financial Officer.
A brief summary of the academic and professional profiles of the
two new Directors is attached.
Yours faithfully,
Francisco Aparicio Valls
Director and Secretary to the Board of Directors
Banco Popular Español, S.A. Registered Office: Velázquez 34, esq. Goya 35, Madrid. Madrid Companies Register: Vol. 174, Sheet 44, Page 5458, Entry 1 Company Tax ID A-28000727
MR IGNACIO SÁNCHEZ-ASIAÍN SANZ
He is a graduate in Economics and Business Administration from the Universidad
Comercial de Deusto (Bilbao), and also holds an MBA with a major in Financial
Intermediation from the University of Pennsylvania's Wharton School.
With regard to his professional career, he has worked as Senior Advisor Iberia at Oliver
Wyman & Co. from January 2016 to the present day; Corporate General Manager of
Business Responsibility and Support Units at the Kutxabank Group from January 2012
to May 2015; General Manager of Business Responsibility and Support Units at the
Bilbao Bizkaia Group from February 2008 to December 2011; member of the European
Senior Advisory Board at Oliver Wyman & Co. from March 2007 to February 2008;
member of the BBVA GROUP Management Committee from April 2001 to March 2007;
BBVA Group Director South America from December 2005 to March 2007, with direct
responsibility for the BBVA Group Business Unit handling South American Banking,
Insurance and Pensions; Head of Systems and Operations at the BBVA Group from
January 2003 to December 2005; Head of Private Banking and Asset Management at
the BBVA Group from December 2001 to January 2003; Head of Banking in America at
the BBVA Group from April 2001 to December 2001; Head of International Business
Development at the BBVA Group from January 1997 to April 2001; Head of Marketing
and Commercial Development at the BBVA Group from August 1995 to January 1997;
Strategic Consultant for Major Financial Institutions at Oliver Wyman & Co. from 1989
to 1995, initiating and developing clientele at the Oliver Wyman & Co. Office in Madrid
in 1992, and Stock Market Analyst with PRESCOTT BALL & TURBEN in 1986 and 1987.
He was also Chairman of the Boards of Privanza Banco (2003), Direct Seguros y
Reaseguros (2003-2004), BBK Bank (2010), Kutxabank Vida y Pensiones (2009-2012),
Kutxabank Aseguradora (2009-2012), Kutxabank Kredit E.F.C. (2009-2013), Luzaro
E.F.C. (2011), and Gobertia I+D (2016-present). He was Vice-Chairman at Banco
Provincial (Venezuela) (2006-2007), BBVA Chile (2006-2007), Banco Continental (Peru)
(2006-2007) and BBVA Colombia (2006-2007). He has also worked as a Board member
with Finanzia Banco de Crédito (1996-2005), Banco Mercantil Probursa (Mexico) (19962000), Banco Continental (Peru) (1996-2002), Banco Provincial (Venezuela) (19962002), Banco Ganadero (Colombia) (1997-2003), Latinvest (1997-1999), Banco
Francés (Argentina) (1998-2003), Banco BHIF (Chile) (1998-2002), Mobipay
Internacional (2001-2002), Banca Mora (Andorra) (2002-2003), BBVA Gestión (2003),
BBVA Seguros y Reaseguros (2003-2005), Euskaltel (2009-2012), Norbolsa (20092012), Fineco S.V. (2009-2015), CajaSur Banco (2010-2015) and Abanca (2016present).
Banco Popular Español, S.A. Registered Office: Velázquez 34, esq. Goya 35, Madrid. Madrid Companies Register: Vol. 174, Sheet 44, Page 5458, Entry 1 Company Tax ID A-28000727
MR VITALINO NAFRÍA AZNAR
He holds an MBA in Business Management from the International Business
Management Institute ("INSIDE"), University of Deusto (Bilbao).
His professional experience has been with the BBVA Group. He was a Director of BBVA
Bancomer México from 2007 to 2012; from July 2007 to December 2011 he was ViceChairman of Telefónica, and was also a member of the Board at Telefónica from
December 2005 to December 2011 - he worked in both these posts as representative
of BBVA. Between 2005 and 2007 he was General Manager of BBVA Spain and
Portugal, and from 2003 to 2005 he worked as General Manager of BBVA America. He
was Chief Executive Officer of the BBVA Bancomer financial group from 2000 to 2003,
and in 2001 he was appointed as a member of the BBVA Global Management
Committee. From 1998 to 2000 he was a Director and General Manager of BBVA
México, and previously worked in several territorial and regional departments of BBVA.
He was Chairman of Metrovacesa from 2009 to 2012.
Banco Popular Español, S.A. Registered Office: Velázquez 34, esq. Goya 35, Madrid. Madrid Companies Register: Vol. 174, Sheet 44, Page 5458, Entry 1 Company Tax ID A-28000727