Grupo Financiero Santander M xico, S.A.B. de C.V. and Banco Santander (M xico), S.A. Instituci n de Banca Multiple, Grupo Financiero Santander M xico
announced that in light of the decision of Carlos G mez y G mez, Chairman of the Board of Directors, to retire as he turns, they have agreed to convene a meeting of their Boards of Directors on August 24, 2015 to consider the proposals to appoint Mr. Marcos Mart nez Gavica as Chairman of the Board and Mr. H ctor Grisi Checa as Executive President and CEO. G mez y G mez has expressed his intention to retire after 18 years of committed and strategic leadership as Chairman since the Group's inception, more than 18 years ago. Mr. Marcos Mart nez Gavica will be proposed as his successor as Chairman beginning January 1, 2016, having been Executive President and CEO of the Group and the Bank. The Board will also consider the appointment of Mr. H ctor Grisi Checa as new Executive President and CEO of the Group and the Bank, replacing Mr. Marcos Mart nez Gavica from December 1, 2015. Hector Grisi Checa has served for seven years as CEO of Credit Suisse Financial Group Mexico and has 28 years' experience in the Mexican financial system.