Dow Jones Newswires: Banco Santander: Hector Grisi to succeed Jose Antonio Alvarez as CEO

Banco Santander SA said Friday that its Chief Executive Officer Jose Antonio Alvarez would be leaving his role as of Jan. 1, ending a seven-year tenure.

The Spanish lender
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said the board has decided to appoint Hector Blas Grisi Checa as his successor.

Mr. Alvarez will continue on the board of directors as a nonexecutive vice chair, Santander said.