Bankinter proposes Gloria Ortiz as new CEO to replace Dancausa, who becomes president

The changes will be effective on March 21, the date on which the next shareholders meeting will be held.

Bankinter proposes Gloria Ortiz as new CEO to replace Dancausa, who becomes president

The changes will be effective on March 21, the date on which the next shareholders meeting will be held.

The board of directors of Bankinter has agreed today to propose the appointment of Gloria Ortiz as the new CEO to replace Maria Dolores Dancausa, who becomes non-executive president, according to the statement sent this Tuesday by the bank.

Dancausa will replace Pedro Guerrero, who has communicated his intention to cease as a director of Bankinter after 17 years presiding over the entity, effective March 21, 2024, the date on which the next ordinary general meeting of Bankinter will be held. shareholders.

In this way, Dancausa will cease all her executive functions on March 21 and Ortiz, who is currently general director of commercial banking, will assume her position.

The appointments have been approved following a favorable report from the sustainability and appointments committee. In addition, the bank has begun the process of evaluating the suitability of the candidates by the European Central Bank (ECB).

Bankinter points out that Gloria Ortiz Portero joined the bank in 2001 as director of management control. She subsequently carried out her work at the entity as director of investor relations, financial director, director of digital banking, technology and operations and, since 2021, director of commercial banking.

He has also led the corporate and business development area and is a member of the Board of Trustees of the Bankinter Innovation Foundation. She is also a director of the group's subsidiary companies and president of the board of Bankinter Luxembourg.

For her part, Maria Dolores Dancausa has held the position of CEO of Bankinter since October 2010. Previously, between 1995 and 2010, she developed her professional career at Línea Directa Aseguradora, being part of its founding team as general secretary and of the board of directors, until occupying the position of first executive and CEO at the beginning of 2008. "During that period, placed the company as the fifth automobile insurer operating in Spain," highlights the bank.

Under the leadership of Dancausa, Bankinter "has consolidated itself as one of the most solid and profitable in Europe" and has experienced an expansion of its geographical perimeter, after the incorporation into the group of what are today Bankinter Luxembourg, Bankinter Portugal, and Avant Money, in Ireland.


The board of directors of Bankinter has expressed its "deepest gratitude" for the work carried out for "so many years" by Pedro Guerrero, who has been "the architect and fundamental piece" of Bankinter's strategy during the last two decades, "contributing his deep financial knowledge, markets, sustainability and good governance" to the development of the entity.

Guerrer has a degree in Law, a State lawyer, a stock exchange agent and a Madrid notary on leave. He has a long connection with the world of the stock market and markets, being a founding partner and vice president of A.B. Stock Market Advisors, until the acquisition of the company in 1999 by Morgan Stanley.

In July 1989 he was elected president of the Madrid Stock Exchange, directing the reform process that began with the entry into force of the Stock Market Law. During this period he also held the position of president of the Sociedad de Bolsas, of which he was its founder, an entity that manages the Continuous Market and the interconnection system of the 4 Spanish Stock Exchanges.

Between 1990 and 2000 he was an advisory director of Bankinter, until in April of that last year he became part of the bank's board of directors, being named vice president in December 2003.

In April 2007, Pedro Guerrero was appointed president of Bankinter, a non-executive position that he will hold until March 21, 2024, when he will cease his duties by his own decision.