BBVA loses two heads in one day

Headline: BBVA loses two heads in one daySource: EuromoneyDate: January 2002Author: Emily Wilkinson         Emilio Ybarra The departure of Banco Bilbao Vizcaya Argentaria’s co-chairman Emilio Ybarra was half expected. But the resignation of CEO and vice-chairman Pedro Luis Uriarte, announced on the same day, shocked the market. Ybarra was due to retire […]

Headline: BBVA loses two heads in one day
Source: Euromoney
Date: January 2002
Author: Emily Wilkinson

       
Emilio Ybarra
The departure of Banco Bilbao Vizcaya Argentaria’s co-chairman Emilio Ybarra was half expected. But the resignation of CEO and vice-chairman Pedro Luis Uriarte, announced on the same day, shocked the market.

Ybarra was due to retire in March anyway two and a half years on from the merger of Banco Bilbao Vizcaya (BBV) and Argentaria. He said integration was completed early and with great success and that although during a merger co-chairmanship made sense “there is no longer any reason for the existence of two chairmen”.






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