Banco Santander SA said Friday that its Chief Executive Officer Jose Antonio Alvarez would be leaving his role as of Jan. 1, ending a seven-year tenure. The Spanish lender SAN, +2.30% SAN, +2.55% said the board has decided to appoint Hector Blas Grisi Checa as his successor. Mr. Alvarez will continue on the board of directors as a nonexecutive vice chair, Santander said.

Source: Wall Street Journal June 17, 2022 12:17 UTC