Tuesday, May 5, 2015

BBVA ceases Angel Cano as CEO – Financial Journal

BBVA, the second largest bank in Spain, surprised yesterday to take a sudden turn in your organization with the cessation of Angel Cano CEO and the appointment of Carlos Torres Vila as new CEO of the company. According
bank over from Cano occurs in the context of a “reorganization of the group structure that puts the digital transformation of the business in the center of their strategy.”

Through a
statement, the company said in its dome changes occur in response to “a disruptive new competitive context marked by the new demands of customers, competitors of the digital environment and new business models,” a scenario for which BBVA designed “a structure to address the digital transformation as the main priority.”


Cano took over as CEO in 2009. “After the excellent management team led by Ángel Cano during the biggest financial crisis recent history, BBVA now makes the changes necessary to start this new stage, “the statement added.

Digital Transformation
Torres Vila, a member of the steering committee bank, BBVA joined the Group in 2008 as head of Corporate Strategy and Development, and later took over the overall area of ​​Digital Banking.


His appointment as CEO “may accelerate globally and in all geographies digital transformation process of the Group that came before running from the area of ​​Digital Banking “, said the company.


BBVA stressed that the aim was to start a new era with digital transformation as a priority.
According Torres Vila, “the transformation is our responsibility, all of us at BBVA, as it will enable us to lead the new banking industry and continue the success story of this great group “.


sake of this goal, BBVA has created a new function with total dedication to the network management and operations of countries to increase the results of franchising. Vicente Rodero, “with extensive experience in the management of franchises in Spain and South America,” will lead the new function

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