Replaces three directors appointed by Francisco González
The details of the espionage orders that BBVA allegedly made to ex-commissioner Villarejo since 2004 begin to come to light after the case summary is opened. In the heat of clarification for clarifying them and determining responsibilities, the entity has decided to give a blow of the hand on its dome. Specifically, it will propose to the General Meeting of Shareholders the renewal of part of the board of directors, of which Carlos lroing Martínez de Irujo, the historic José Manuel González-Páramo and Tomás Alfaro Drake, appointed by former president Francisco González. These positions will be filled by Ana Revenga, Raúl Galamba and Carlos Salazar with the aim of increasing "the diversity of its highest decision-making body," BBVA reported to the CNMV. BBVA will propose the renewal of Lourdes Máiz Carro as an independent director and Susana Rodríguez Vidarte as an external director.
The bank explained that the changes are framed in the "process of habitual and progressive renewal" of the council and seek strengthen the diversity of gender, knowledge and skills, as well as the international profile of the social body so that it has "the most appropriate and balanced composition." With these changes, BBVA will reach 33% of female counselors, compared to the current 27%, while members of foreign nationality will represent 40%, compared to 20% now, and skills in areas of knowledge such as sustainability will be reinforced , especially from the social and development assistance perspective, the global financial sector and Mexico. Likewise, if the proposals are approved at the General Meeting of Shareholders to be held in Bilbao on March 13, 10 of the 15 council members will be independent, compared to the current eight, so the proportion of independent directors will be two thirds.
Regarding the new appointments, Ana Revenga Shanklin is an economist and mathematician, and has developed most of her career at the World Bank. Currently, he is also a member of the board of trustees of the BBVA Microfinance Foundation. Raúl Galamba de Oliviera, of Portuguese origin, held various positions of responsibility during his long career at McKisey & Co., with special dedication and specialization in financial services. The Mexican Carlos Salazar Somelí completes the trio of signings thanks to his extensive career of more than 45 years, during which he held different positions in FEMSA and was president of the Business Council of Mexico. Portuguese origin, held different positions of responsibility during his long career in McKisey & Co., with special dedication and specialization in financial services. The Mexican Carlos Salazar Somelí completes the trio of signings thanks to his long career of more than 45 years, during which he held various positions at FEMSA and was president of the Business Council of Mexico.