BBVA Plans New Management Revamp as Chairman Pushes Digital Bank
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Banco Bilbao Vizcaya Argentaria SA is preparing its second management reorganization in 14 months as Chairman Francisco Gonzalez streamlines Spain’s second-biggest lender and accelerates its push into digital banking.
Units in Spain, Mexico, the U.S. and Turkey will report directly to Chief Executive Officer Carlos Torres under the new structure, with the remainder under the responsibility of a new Country Monitoring unit headed by Jorge Saenz-Azcunaga, BBVA said in a regulatory filing late Wednesday. The board will consider the changes on Thursday.