Sabadell Is Set to Name Cesar Gonzalez-Bueno as Next CEO

Gonzalez-Bueno set to replace Guardiola as Sabadell chief
Bank ended talks on possible takeover by BBVA last month

Banco de Sabadell SA & BBVA SA Branches As Banks Mull Potential Tie-up — Photographer: Angel Garcia/Bloomberg

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By Jeannette Neumann, Jan-Henrik Foerster, Manuel Baigorri, and Charlie Devereux

December 16, 2020 at 10:26 AM UTC

Updated on

December 16, 2020 at 3:28 PM UTC

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Banco de Sabadell SA is set to name Cesar Gonzalez-Bueno as chief executive officer, replacing Jaime Guardiola, as the Spanish lender struggles to chart a path forward after short-lived talks on a combination with larger rival Banco Bilbao Vizcaya Argentaria SA.

Guardiola’s departure will be announced as soon as this week, with his successor set to be named shortly after, according to people with knowledge of the matter, who asked not to be identified because the information is confidential.