Hector Grisi He has already begun to prepare his mandate as Santander’s next CEO. The Mexican banker met yesterday with the nearly 200,000 employees of the group in an internal event, broadcast on streaming, in which the president of the bank, Ana Botinand the current CEO, Jose Antonio Alvarez.
This is the first time that Grisi addresses the entire bank staff after the announcement of his appointment as Santander’s next CEO. And it is that, although he will not officially take office until January 2023, the entity has already made it clear that a six-month period was beginning in which Grisi will work closely with Botín and Álvarez to promote a smooth transition.
As you have been able to find out Five days, Grisi told employees that one of his goals is “to be the bank that makes things happen.” He also asked the group’s workers to have the ability to act quickly. “We are changing very quickly from an organization that was more focused on the product and the branch network to a customer-focused omnichannel organization. And we have to go faster,” she pointed out.
This meeting took place within the framework of the event known as ‘Ask Ana’, an internal communication initiative that the president of the bank implemented in 2020 as a result of the Covid-19 pandemic to keep in touch with the workers and which is carried out periodically .
Precisely, ankle boot explained yesterday that the three managers are going to work together over the next few months to ensure a smooth and orderly transition. Regarding Héctor Grisi, he highlighted that he has “a proven track record and a proven leadership capacity to transform and make things happen.”
In addition, the president of Santander took the opportunity to dedicate some affectionate words to the outgoing CEO, José Antonio Álvarez, to whom she was grateful for his “outstanding contribution” after 20 years in the group. She also highlighted that they have formed a great team that leaves the bank “in good shape”. “Thanks to your contribution, Santander is today a stronger bank,” she said.
It will meet the objectives of the exercise
For its part, Jose Antonio Alvarez, He thanked the board, the president and all the group’s employees for their trust and recalled that the second half of the year still lies ahead with the focus on meeting the financial objectives set for 2022, “regardless of the macroeconomic environment ”.
Along these lines, Botín explained that “although it is difficult to imagine a more difficult context in recent years, it is time for Santander and we are on the way to a magnificent 2022. I am fully convinced that we will achieve the objectives”, stressed the president.
Last February, Santander presented its objectives for this year in which it expects to obtain revenue growth of around 5% (in constant euros), an efficiency ratio of 45%, a return on tangible capital (RoTE) above 13% and a fully loaded CET1 capital ratio of 12%.
Despite the uncertainty unleashed by the war, the energy crisis, the runaway inflation, in the first quarter of the year the bank already achieved a profit of 2,543 million (58% more). In addition, it increased the gross margin by 8% to 12,305 million and placed the RoTE at 14.21%, well above the target for the end of the year.
Both Álvarez and Botín agreed that, thanks to the management carried out, leave the best balance of the last 15 years and “that is the best starting point” to face the challenges of the environment and take better advantage of the opportunities.
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