Unicaja ficha a Spencer Stuart para que busque al sucesor de Sevilla

Unicaja has enlisted Spencer Stuart to search for a successor to its current president, José Sevilla, following his resignation to not be up for reappointment. The headhunter will identify directors that fit the criteria set by Unicaja's board of directors. Fundación Unicaja, the primary shareholder with 31% of the capital, initially considered proposing one of its four representatives for the position but ultimately ruled it out.

The search for the new president is in its early stages, and Spencer Stuart will provide Unicaja with a final list of candidates upon completing the search. María Luisa Arjonilla, a former Santander executive and president of Unicaja's Nominations Committee, oversees the process. Fundación Unicaja suggested applying the CaixaBank formula, where the president also serves on the board as a Sunday advisor, but the board decided to seek a different candidate.

The committee's mandate is to find a candidate with extensive financial and sector experience, recognized prestige, and the ability to complement and contrast the work of CEO Isidro Rubiales. The search is expected to conclude within two to three months, allowing time for the Bank of Spain's approval before the annual general meeting in April.

Sevilla will continue in his current role until a successor is found. The president receives €318,270 annually, with no variable bonuses. The premature departure of former CEO of Bankia to Unicaja is attributed to disagreements with Fundación Unicaja. Sevilla's tenure has been marked by internal peace and a focus on commercial activities following the governance crisis caused by the absorption of Liberbank.

Unicaja has recently integrated with other financial institutions, including the Asturian bank and CEISS (Caja España y Caja Duero). The company will hold an extraordinary meeting on November 17th to renew its executive advisor, whose term expires this month.