Santander hires three technology experts for digitization | Companies

Banco Santander continues to circle its organization chart and bet on speeding up its digitization. Now, it has announced the signing of three Americans with extensive experience in the technological field to accelerate their digital transformation. Specifically, the appointments committee has proposed the incorporation of R. Martín Chávez, former Goldman Sachs partner, as a new independent director.

The entity will also appoint Sebastian Gunningham president of Santander Consumer Finance, as well as vice president of Openbank, the group’s 100% online entity. Gunningham will also be Senior Advisor to President Ana Botín on technology.

Another signing is that of Francisco D’Souza, who reinforces his collaboration with the bank and from now on will be the strategic advisor for the development of Santander Global Platform (SGP), supporting the council to establish and implement the strategy and business models of all activities, existing and new, explains the group in a statement.

The three executives come from the United States and are technology experts and, with them, Banco Santander intends to promote its digital strategy and transformation, an activity in which the group is fully immersed, more after confinement.

Martin Chávez will join as independent director, replacing Esther Giménez-Salinas, 71, who leaves the administrative body after eight years.

Chávez has worked for 20 years at Goldman Sachs, where he was a partner since 2006 and a member of the management committee since 2012, until he left the entity at the end of last year.

He started his career as a software engineer and founded various technology companies in Silicon Valley and New York, bringing digital expertise to the board. The new independent member of Santander will form part of the remuneration committees; risk supervision, regulation and compliance, and innovation and technology.

His appointment, however, is subject to the corresponding regulatory approvals and it is expected that he will be submitted to the approval of the actions at the next meeting, which is expected to be held at the end of October this year, an act in which the bank will try to approve the concession of a small dividend corresponding to the complementary one of 2019, which was suspended in April, after the recommendation of the ECB made to all European banks.

At the same time, Santander will appoint Sebastian Gunningham president of Santander Consumer Finance and vice president of Openbank, also subject to regulatory approval. In addition, he will be senior advisor to the president, Ana Botín, in technology. Gunningham has held various roles at Amazon and has worked at Apple, First Data, Oracle and WeWork. He will replace Antonio Escámez as President of Santander Consumer Finance and Vice President of Openbank. Escámez, a historical member of the group, will continue to be a director in both entities. Thanks to Escámez “All three have outstanding careers and I am delighted to have them to continue developing our strategy of being the best open platform for financial services,” said the president. of Banco Santander, Ana Botín in a statement.

On behalf of the council, the president thanked Esther Giménez-Salinas and Antonio Escámez for their “great contribution” to the group. “Both have contributed to the growth of the bank in recent years, and their knowledge and experience-


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