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David Martinez Guzmanthe first private shareholder of Banco Sabadell with A 3.86% of capital, has been provided He resigns as director of Valesano Bank.
The Mexican, who has been on the council for twelve years, communicated his decision in a letter on Thursday. In it, he expressed his “gratitude for the remarkable success achieved by the President and the specialized teams that worked at the bank.”
The investor submitted his resignation a month and a half after the failure of the takeover bid for BBVA and after showing his support for the operation of the bank under the leadership of Carlos Torres.
And all this despite the fact that it was days after the bank failed blueMartínez Guzman will publicly congratulate Sabadell for trying to calm tensions with Josep Ollio, the head of the Catalan bank, and its chief executive Cesar González Bueno.
As EL ESPAÑOL-Invertia has already reported, his frustrating decision to sell left him in a sensitive and vulnerable position within the capital and the board of Banco Sabadell, where no one wanted to fire him, but neither did they want him to continue.
The Mexican was the only Sabadell director to vote against the organization’s decision to reject BBVA’s offer, being the only one who accepted it.
“I am absolutely convinced” of Sabadell’s — now solo — strategy, Martinez stated in the letter cited above. “As a shareholder, I look forward to participating in Sabadell’s continued success.” This is something that is now in question.