Overview
- Marc Armengol, a 25‑year Sabadell veteran and current TSB chief, will take over once shareholders vote and the ECB clears the appointment, with the transition targeted for May.
- Armengol led the sale of TSB to Santander in a deal reported at more than €3 billion, strengthening the bank’s balance sheet ahead of its next strategic cycle.
- Sabadell reported 2025 net profit of €1,775 million, down 2.8% year on year, and announced an €800 million share buyback disclosed to the CNMV as part of a broader remuneration plan.
- As part of the reshuffle, Carlos Ventura joins the board as executive director general for Business in Spain, overseeing corporate, retail, private banking and the branch network.
- Outgoing CEO César González‑Bueno says the handover was a genuine mutual agreement initiated by him and brought forward to accelerate the bank’s digital and AI transformation agenda.