The president of CaixaBank, José Ignacio Goirigolzarriwill present this Wednesday his resignation inside Board of Directors that the entity, as usual, will celebrate before the presentation of the results, which will take place tomorrow.
It is possible that today the substitute of Goirigolzarri, since his resignation will have immediate effect, even if the change could become effective later. The replacement, whose name Tomas Muniésacurrent vice-president of CaixaBank, will no longer have any executive power.
Goirigolzarri has been executive president of CaixaBank since 2021, when the entity absorbed Bankiawhere he also held the position of president since 2012. The integration of the two entities gave birth to the largest bank in the Spanish market. He was due to renew his position in the coming months. general meeting of shareholders of the entity.
As ‘La Vanguardia’ advances, with this possible replacement within the ‘dome’ of CaixaBank, the question of executive presidencya position to which the European Central Bank (ECB) is opposed because it concentrates executive and representation functions.
In the merger agreements between CaixaBank and Bankiasigned in 2020, it was established that Goirigolzarri would ensure, as executive functions, communication, institutional relations, internal audit and management of the governing bodies (essentially the Advice), while the CEO, Gonzalo Gortazar, would assume the remainder of the bank’s management powers.
In January, the ECB had already launched an offensive against the executive powers of Goirigolzarri, as announced by OKDIARIO, even if the latter, still president, had then resisted. He therefore defended himself with two very powerful arguments. The first was that the distribution of functions between Goirigolzarri and Gortázar at CaixaBank had been approved by the ECB itself three years ago, so it did not make much sense to impose a change to the system which then seemed good at the time. supervisor.
The second was that the two giant Spanish multinationals, Santander And BBVAdo not conform to the pattern advocated by the organization, and maintain as executive presidents Ana Botín and Carlos Torres.
However, Goirigolzarri will not only relinquish these powers, but also leave office altogether.
In this sense, a few days ago the CEO of Criteria (the holding company La Caixa which owns 31.2% of CaixaBank), Angel Simonassured regarding the ECB’s doctrine on the functions of bank presidents that “we are in line with what the ECB recommends. This is why, as a shareholder of CaixaBank, we will follow the same line as the ECB.
