Braulio Medel resigns as president of the Unicaja Foundation

Date:

Unanimously approves the nomination of José Manuel Domínguez Martínez as his successor

The board of trustees of the Unicaja Banking Foundation has accepted the resignation of Braulio Medel as trustee and president and has unanimously approved the appointment of José Manuel Domínguez Martínez as trustee and president of the institution.

As reported in a statement, the board of trustees has also agreed to request the Protectorate of Banking Foundations, dependent on the Ministry of Economy, that the required report only rule on the governance of the Foundation and not on the suitability of Braulio Medel as president. , who has retired from his position.

For example, Medel’s exemption came into effect, who announced on April 14 that he would resign from the Foundation’s presidency before his mandate expires in the fall.

So Medel attributed his decision to various reasons, such as the report of the Protectorate of Banking Foundations, dependent on the Ministry of Economy and Digital Transformation, which questioned his suitability for the position, the existence of “endless external pressure and persistent hostile media campaigns” and the “compelling attention” to other tasks of a personal and family nature.

A few weeks later, the Unicaja Banking Foundation nominated José Manuel Domínguez Martínez as president, who has held various senior management positions at Caja de Ronda, Unicaja and Unicaja Banco since 1990 and until recently. Domínguez Martínez has a PhD in economics and is professor of public finance at the University of Malaga and has led the financial education project Edufinet since its inception in 2005.

At the board meeting held this Tuesday, Domínguez took office and expressed his gratitude for the appointment and for all the support he has received, “both internally and externally”.

The new President of the Foundation has emphasized that he will assume the position “on the understanding that he can exercise it with autonomy and independence, without restrictions other than those arising from the legal, institutional and business framework and from the strictest defense of interests.” of the Foundation. Foundation”.

“I will do everything I can to defend the interests of the Foundation, with the aim that its social mission can achieve the highest levels of efficiency and quality, with the greatest possible impact in terms of social well-being,” assured Domínguez.

The Foundation’s Board of Trustees thanked Braulio Medel for his many years of “dedication and dedication” to the entity. Medel wanted to thank all the people who are part of the institution “for their work, dedication and dedication over the years”. “They are the pillars that have made it possible for us to be the most important financial and social foundation in Andalusia,” he emphasized.

During the session, the Supervisory Board also approved the renewal of their positions of Felipe Faraguna Brunner as Trustee of the Foundation and Chair of the Audit Committee and Isabel Fernández Machuca as Director of Unicaja Baloncesto.

In addition to effecting the relief during the presidency of the Unicaja Foundation, the board of trustees held on Tuesday approved the agenda item related to the “partial unexpected loss of the subject of the report requested by the protectorate”.

Last March, the Protectorate of Banking Foundations, dependent on the Ministry of Economy, urged the Foundation to have an independent report prepared by an entity chosen in consultation with all members of the Supervisory Board to determine whether the president of the institution collect the requirements to retain the position of employer.

In the letter, the body dependent on the Ministry of Economy acknowledges that it has “serious doubts” that Braulio Medel, as President of the Unicaja Foundation, “demonstrates the necessary aptitude and commercial and professional honor to perform his duties”.

At its session on Tuesday, the board of trustees agreed to seek the approval of the Protectorate with regard to the report it needs to rule on the Foundation’s governance alone, “given that the assessment of the suitability of Braulio Medel at the end of his position .

Source: La Verdad

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