BANKIA SA Pursuant to article 82 of Law 24/1988 of 28 July on the Securities Market, Bankia, S.A. hereby reports that the company's Board of Directors, at its meeting held today, has unanimously resolved as follows, upon a prior favourable report from the Appointments and Remuneration Committee:
1. Appointment of Director Mr. José Sevilla Álvarez as Chief Executive Officer of the company.
2. Appointment, by co-option, of Mr. Antonio Ortega Parra as Executive Director of the company.
3. Appointment of Director Ms. Eva Castillo Sanz as member of the Board Risk Committee.
Consequently, the composition of the Board Risk Committee now stands as fo llows:
Chairman: Mr. José Sevilla Álvarez
Members: Mr. Francisco Javier Campo García, Mr. Fernando Fernández Méndez de Andés and Ms. Eva Castillo Sanz
4. Appointment of Mr. Fernando Sobrini Aburto as Deputy General Director of Retail Banking.
5. Appointment of Mr. Gonzalo Alcubilla Povedano as Deputy General Director of Business Banking.
Consequently, the top-tier executive management of the company is composed of: Mr. José Ignacio Goirigolzarri Tellaeche (Executive Chairman)
Mr. José Sevilla Álvarez (Chief Executive Officer)
Mr. Antonio
Technology)
Ortega Parra
(Executive
Director -
General Director of People, Organisation and
Ms. Amalia Blanco Lucas (Deputy General Director of Communication and External Relations) Mr. Miguel Crespo Rodríguez (Deputy General Director of the General Secretariat)
Mr. Fernando Sobrini Aburto (Deputy General Director of Retail Banking)
Mr. Gonzalo Alcubilla Povedano (Deputy General Director of Busi
Press release attached.
ess Banking)
The above is notified as a Material Disclosure for all pertinent purposes in Madrid on 25 June 2014.
BANKIA, S.A.
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Bankia Board of Directors appoints José Sevilla as CEO• Antonio Ortega, appointed Executive Director of the bank
• The Management Committee is expanded to seven members with the addition of Fernando Sobrini (Head of Retail Banking) and Gonzalo Alcubilla (Head of Business Banking)
Madrid, 25/06/2014. The Board of Directors of Bankia, at the proposal of the Appointments and Remuneration Committee, today approved the appointment of José Sevilla as the bank's new Chief Executive Officer.
José Sevilla has served since 16 May 2012 as General Director of the Office of the Chairman of Bankia and on 25 May of that same year was appointed Executive Director of the bank.
The Board of Directors also decided today to appoint Antonio Ortega, currently General Director of People, Organisation and Technology of the Bank, as Executive Director of the bank.
As a result, the Bankia Board of Directors now has 11 members, composed of three Executive Directors and eight Independent Directors.
Changes were also approved on the Board of Directors committees. Eva
Castillo, Independent Director, has now joined the Board Risk Committee.
Furthermore, the Board of Directors approved the appointments as Deputy General Director of Fernando Sobrini, Head of Retail Banking, and Gonzalo Alcubilla, Head of Business Banking. Both are joining the Management Committee, which will now have seven members instead of five.
The Management Committee is composed of Bankia's Executive Chairman José Ignacio Goirigolzarri; Chief Executive Officer José Sevilla; Executive Director and General Director of People, Organisation and Technology, Antonio
Ortega; Secretary to the Board of Directors, Miguel Crespo; Deputy General
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Director of Communication and External Relations, Amalia Blanco; and the
Deputy General Directors of Retail Banking and Business Banking.
Bankia's Executive Chairman José Ignacio Goirigolzarri noted that: "These changes mark one more step in strengthening Bankia's corporate governance. They allow the bank to advance toward the objectives set for this stage of the bank's turnaround. We believe this is the right time for the Heads of the business lines to have a greater say in the bank's decisions".
Bankia's CEO José Sevilla said: "I want to thank the Board of Directors for the confidence that this appointment implies. We renew our firm commitment to create value and consolidate Bankia as a profitable sustainable entity, which will allow us to return the aid received from taxpayers".
CVs of the new officers
José Sevilla. Degree in Economics and Business Studies from CUNEF. He has been General Director of the Office of the Chairman of Bankia since 16 May
2012 and Member of the Board as an Executive Director of the Bank since 25
May of that year. He is also Member of the Board of Banco Financiero y de Ahorros since June 2012. José Sevilla was General Director for Risks, Head of the Office of the Chairman and Director of the Division of Strategy and Finance for the Americas in BBVA. He has held a directorship in BBVA Bancomer. Previously he worked in Merrill Lynch and FG Inversiones Bursátiles.
General Director of People, Organisation and Technology of Bankia since 16
May 2012 and Director of BFA since June 2012. From 2003 to 2007 he held directorships in BBVA Bancomer and BBVA Continental, and from 2003 to 2006 he was also Vice Chairman of Banca Nazionale del Lavoro. During his time in BBVA he held various executive responsibilities in business areas and was a member of the Group's Management Committee.
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Fernando Sobrini. Degree in Law and Business Studies and Economics. He joined the Bank in 1998, serving as South Madrid Business Director and Head of the bank's Corporate Business. Before joining the group he worked in Bankinter as Head of Risks and Large Corporations. Gonzalo Alcubilla. Degree in Economics. His entire career has been pursued at the Bank, where he has served as Director of the Investment Portfolio, Director of Corporate Banking, Director of Corporate Finance, Assistant General Director and Director of Corporate Business, a position he held in Bankia until
March 2013, when he was named Head of Business Banking.
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