Revolution at the top of the largest Spanish bank.

CaixaBank has announced this Wednesday the departure of its 'number three',

Juan Alcaraz

, until now General Director of Business, and the appointment of three new people for its Business area who will deal with the functions that Alcaraz himself had been carrying out.

"

CaixaBank

informs that the Board of Directors has agreed on three new appointments in the Business area who, by joining the Management Committee, assume, among others, the functions that the General Director of Business, Mr. Juan Antonio Alcaraz, has been currently carrying out. García, who is leaving the entity," says the statement sent this morning by the bank.

The departure, announced by El Confidencial, was taken this Wednesday during the meeting of the company's board of directors, in which the appointment of

Jaume Masana Ribalta

as Business Director was also agreed;

María Vicens Cuyás

as Director of

Digital Transformation and Advanced Analytics and

Jordi Nicolau Aymar

as Director of Payments and Consumer.

"The Board of Directors has appreciated the extraordinary work carried out by Mr. Alcaraz since he joined "La Caixa" in 2007 and later at CaixaBank," the statement stated, concisely, about the departure of Juan Alcaraz.

Alcaraz had been a member of the CaixaBank management committee since June 2011, although he joined the entity in December 2007, after serving as CEO of Banco Sabadell between 2003 and 2007. He was currently responsible for Retail Banking - Branch Network, Banking Individuals and Premier, Private Banking and Business Banking--, all areas related to Customer Experience, and Specialized Consumer Segments, and he was also Chairman of CaixaBank Payments&Consumer and Imagin.

The entity has explained that the change "begins a new stage with the aim of maintaining its commercial leadership and facing with full guarantees the great challenges that the sector will face in the coming years".

With these appointments, subject to verification of suitability by the European Central Bank, the entity "continues to adapt its structure to the future of the financial business to lead the digital transformation" of the sector.

According to the criteria of The Trust Project

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