The president of CaixaBank, José Ignacio Goirigolzarri, is going to present his voluntary resignation from the position on the board of directors that the entity will hold prior to the presentation of results, which will take place tomorrow, according to the newspaper ‘La Vanguardia’.
The financial entity does not confirm to elDiario.es the departure of the president of Caixabank. It does explain that the meeting of its management body is scheduled for this Wednesday.
However, other sources do indicate that his departure will be one of the topics discussed during the board of directors meeting, in addition to the results that the entity will present tomorrow.
Goirigolzarri holds an executive presidency, a position with decision-making power that raises doubts for the European Central Bank (ECB) because it concentrates executive and representation functions, which it prefers to fall on the position of CEO. This is common in Spanish banking. Santander and BBVA maintain this position of executive president, held by Ana Botín and Carlos Torres, respectively.
17% of Caixabank belongs to the State
Jose Ignacio Goirigolzarri has been executive president of CaixaBank since 2021, when the entity absorbed Bankia, where he had also held the position of president since 2012. The integration of both entities created the largest bank in the Spanish market.
17% of Caixabank’s shareholders are in the hands of the State through the Fund for Orderly Bank Restructuring (FROB). A participation that is likely to continue over time, although the State would have to liquidate its participation at the end of 2025. However, that date can be extended to maximize the value of the participation and its dividends.
“Caixabank has appreciated 50% in the last year and 250% since the merger,” said the president of the FROB, Álvaro López Barceló, a few weeks ago during an appearance in Congress. “Divest [antes] “It would have meant lower income and less recovery of public aid.” Hence, the president of the FROB explained, the need to assess the upward potential of the share, the value of the entity, the absorption capacity of demand, the perspective of collecting dividends and the volatility of the market at all times.
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