Medel announced his resignation from the presidency of the Unicaja Foundation

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The president of the Unicaja Foundation, Braulio Medell, announced this Thursday in a letter to which the European press had access that he would resign from the presidency of the organization “as soon as possible, with only the mind.” In the interests of the bank fund, an orderly transition. ”

Thus, the manager continues to resign from the chairmanship of the fund, which was scheduled for the fall, when his term expired.

Medel cites several reasons for his decision: a report from the Ministry of Economy and Digital Transformation Protectorate of Banking Funds questioning his suitability for the position and what he describes as “endless external pressure and persistent hostility.” Media Campaigns ”and“ Imperative Attention ”to Other Personal and Family Responsibilities.

Medell is currently under investigation by prosecutors following a CIC union complaint – the same one that used the popular allegation in the Bank case – against him for allegedly collecting alleged payments to Ausbanc and allowances for board memberships. When he was president of Unicaja. The complaint, which is still in the pre-trial process in the prosecutor’s office, accuses Medel of misappropriation and unfair administration at the head of Unikakha, they report. Diego Larrow Nestor Senizo.

In his letter, Medell emphasized that the pressure had “turned most employers into uncomfortable personal situations, often in difficult and deeply unjustified situations.” “The situation, which was independent and consistent with the project, the foundations of which they are the custodians, coincides with the trajectory of Unicaja, which enabled it to become, with its dual financial and social projection. Only in the Andalusian Bank, the Fifth Spanish Bank and the First Andalusian Social Fund of a Private Nature. ”

While not in Unicaja’s presidency, Medellin’s long shadow continues to influence the bank. The fund is the largest shareholder of the bank, with 30% of its shares and five seats on the board of directors, including the vice-chairman of the medal, Manuel Azuaga. Although Azuaga was his successor, there are not a few voices warning of the team Medell has created with CEOs, Manuel Menendez, Liberbank, and another name in savings banks in Spain with long and controversial careers. . Governance was already one of the delicate points during the merger and was accentuated by Medell’s approaches to Liberbank executives, to the detriment of some from Unicaja, such as Azuaga himself.

The financial unit issued a statement last week denying “political interference” and denying a possible change of headquarters and departure from Malaga amid doubts about the management of the medal by some employers and other third parties, such as the government itself.

Source: El Diario

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