Banco Santander announces Glenn Hutchins to join its Board as Independent Director

– SPAIN, Madrid –  Banco Santander (BME: SAN) announced the nomination of Glenn Hutchins for his appointment to its Board as an independent director, subject to customary approvals, to replace Martin Chavez who stepped down from the Board last July.

“We are very pleased to have Glenn Hutchins join our board of directors. Glenn has had a remarkable career and brings a deep understanding of the technology and finance sectors and how the two are increasingly interrelated. He has a global vision of the challenges and opportunities ahead and will help us drive our transformation.” said Board Chair, Ana Botín.

Glen Hutchins would also join the appointments Committee, the Remuneration Committee, and the Innovation and Technology committee.

The company also announced that Sergio Rial intends to step down from the Banco Santander Board of Directors from 1 January, but will remain in his role as Chair of both Santander Brazil and Ebury.

About Glenn Hutchins

Glenn Hutchins co-founded Silver Lake, one of the most prestigious and influential global private equity firms, focused exclusively on technology investments across the United States, Europe, and Asia. He is also Chairman of North Island and North Island Ventures, an investment firm specializing in early-stage crypto-related companies.

Having been a board member of the Federal Reserve Bank of New York for over nine years, a position he held until January 2021, Mr. Hutchins has extensive experience in finance. He is currently a director of AT&T and has previously served on the boards of Virtu Financial and Nasdaq, among other companies. Additionally, he served on the board of the Harvard Management Company, which manages Harvard University’s endowment, for a decade. He currently serves as Chair of the global charity CARE, Co-Chair of the Brookings Institution, and Vice-Chair of the Obama Foundation. He was also an economic policy and health care adviser in President Clinton’s transition and White House.

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