Bankinter’s Board of Directors proposes the appointment of María Dolores Dancosa as Non-Executive Chairman to replace Pedro Guerrero and Gloria Ortiz as the new CEO.

board of directors Bannenter He decided to propose an appointment Maria Dolores Dancosa Treviño how Non-Executive Chairman of the entityreplacing Pedro Guerrero Guerrerowho stopped holding this position at his request after 17 years as Chairman of the Board of Directors, and appointed the Ordinary General Assembly of the Bank’s shareholders to be held on March 21, 2024, Gloria Ortiz, goalkeeperthe current General Manager of Commercial Banking, e.g The new CEO of the entity.

Both appointments will be effective on the day of the General Shareholders’ Meeting mentioned above. The Bank has begun the mandatory process of assessing the suitability of candidates before the European Central Bank.

Pedro Guerrero, an impressive career as President of Bankinter since 2007

Pedro Guerrero Guerrero has a law degree, government lawyer, stock and exchange agent, and notary in Madrid on vacation. With a long association with the world of stock markets and markets, he was a founding partner and vice president AB Stock Market Advisorsuntil the company’s acquisition in 1999 by Morgan Stanley. In July 1989, he was elected President of the Madrid Stock Exchange, where he directed the reform process that began with the entry into force of the Securities Market Law. During this period, he also served as president of Sociedad de Bolsas, of which he was the founder, and the entity that manages the continuous market and interconnection system of the four Spanish stock exchanges.

Between 1990 and 2000 he was a consulting director of Bankinter, until April of that last year he became part of the bank’s board of directors, being appointed vice president in December 2003. In April 2007, Pedro Guerrero was appointed president of Bankinter, a non-executive position, He will work until March 21, 2024, when he will cease his duties by his own decision.

Bankinter’s Board of Directors expressed its deep gratitude for the work done for many years by Pedro Guerrero, who has been the architect and core part of Bankinter’s strategy over the past two decades, contributing his deep expertise in financial, market, sustainability and strategy. Good governance to develop the entity and consolidate it as a reference bank at the European level.

Maria Dolores Dancosa, nominated to serve as the new Non-Executive Chairman

María Dolores Dancosa Treviño has served as CEO of Bankinter since October 2010. Previously, between 1995 and 2010, he developed his career in Direct Line Insuranceand formed part of its founding team as General Secretary and Board of Directors, until she assumed the position of Senior Executive Director and CEO at the beginning of 2008. During that period, she positioned the company as the fifth car insurance company operating in Spain.

During the years he spent at the helm of Bankinter, the entity established itself as one of the most solid and profitable entities in Europe, with a series of indicators (profits, profitability, asset quality, efficiency…) that place the bank at the forefront of the financial sector. According to the stress tests to which the European Banking Authority subjected European banks in 2023, Baninter Bank emerged as the most resistant bank in Spain in the face of a hypothetical deterioration of the macroeconomic environment, and fifth in Europe among more than 70 banks analysed. . The bank has also succeeded in consolidating its position as one of the most sustainable banks in the world, as it is, for the sixth year in a row, part of the Dow Jones Sustainability World Index, the most famous international index in the field of sustainability.

Likewise, Dancausa’s activity as the first CEO of Bankinter brought with it a greater diversification of its income sources and the expansion of its geographical perimeter, following the integration of what are today known as Bankinter Luxembourg, Bankinter Portugal and Avant Money into the group in Ireland. .

María Dolores Dancosa will relinquish all her executive duties to assume the non-executive chairmanship of the Board of Directors, a model implemented in 2013 by Bankinter, a leader in the Spanish banking sector, and an essential element of its internal management system.

Gloria Ortiz, proposed as new CEO

Gloria Ortiz Portero has an extensive career in the financial and insurance sector. She joined Bankinter in 2001 as Director of Management Control. She subsequently worked for the entity as Director of Investor Relations, Director of Finance, Director of Digital Banking, Technology and Operations, and since 2021 Director of Commercial Banking. He also leads corporate and business development and is a member of the Board of Trustees of the Bankinter Innovation Foundation. She is also Director of Group Subsidiaries and Chairman of the Board of Bankinter Luxembourg.