Banco Santander’s board of directors has appointed Álvaro Antonio Cardoso de Souza as an independent member of the board.
Cardoso de Souza, currently holding the post of non-executive chairman of the board of Santander Brazil, is also an officer at ADS- Gestão, Consultoria e Investimentos, in addition to chairman of the management board of the Brazilian fund for biodiversity (FUNBIO), and a member of the boards of directors of various organisations including WWF International, WWF Brazil and Grupo Libra among others.
Cardoso de Souza appointment’s decision, still subject to regulatory approvals, took place in the context of an annual meeting – called this year’s Ordinary Shareholders’ Meeting – held yesterday in San Francisco and whose second call is expected to take place on the 23rd of March.
Shareholders at the annual meeting also discussed on the nomination of Ramiro Mato as an independent member of the board, as well as on the re-election of Carlos Fernández, Ignacio Benjumea, Guillermo de la Dehesa, Sol Daurella and Homaira Akbari as board members.
Once the appointment of Cardoso de Souza and the ratification of Mato get approval, Santander’s management board will have 15 members of which a majority of nine are independent.
One third of the Santander board of directors are women, its members come from Spain, UK, US, Mexico and Portugal
Santander board of directors – made up of members from Spain, the UK, the US, Mexico and Portugal – is diverse in gender with a third of women and has representation of sectors like finance, distribution, technology, infrastructure and academia.