The takeover of the management of Banco Gallego by Banco Sabadell brings with it, in turn, the appointing of a
new board of management formed by members of the management committee of Banco Sabadell. The current CEO of Banco Sabadell, Josep Oliu, will head up this governing body which will also be formed by Jaime Guardiola, Jose Luis Negro, Tomas Varela, Miguel Montes and Maria Jose Garcia Beato. Furthermore, Jaume Puig, a banking professional of proven experience and with a noteworthy track record in different senior commercial and business management posts at Banco Sabadell, has been appointed new general director of Banco Gallego, replacing Jose Luis Losada, whom the board of directors thanked for his work.