• The chairman, Josep Oliu, highlighted "the changes that César González-Bueno has driven over the last five years have delivered record results and multiplied the value of Banco Sabadell's shares by more than 12 times - the highest valuation among IBEX companies in this period and also the highest among European banks"
  • Regarding the appointment of Marc Armengol, Oliu said that “Marc knows the bank extremely well. Over almost 25 years, he has held leadership positions across the Group, both in Spain and internationally. Marc has a proven ability to lead, as well as extensive digital experience, both of which position him to harness the opportunities offered by a new era of technological disruption"
  • González-Bueno said that "Now is right time to position the bank for the future, taking advantage of the extraordinary opportunities for transformation offered by changes in technology. Marc is the right person to take on this exciting challenge"
  • Marc Armengol said that “with a solid financial foundation and an exceptionally talented workforce, I will be focused on continuing to deliver shareholder value while preparing the bank for the next phase of its transformation to take it to the next level"
  • Carlos Ventura joins the Board of Directors after being appointed General Manager of Business in Spain, with responsibility for Corporate Banking, Retail Banking, Private Banking and Network

5 de febrero de 2026

The Board of Directors of Banco Sabadell has agreed to propose the appointment of Marc Armengol, current CEO of TSB, as the new CEO of the Banco Sabadell Group. He will replace César González-Bueno who will step down from his role at the bank by mutual agreement, as both parties have agreed that now is the optimal time to make the transition.

Armengol is expected to assume the role from May, once Banco Sabadell’s Annual Shareholders' Meeting has been held and on receipt of the necessary authorisations from the European Central Bank.

The bank's chairman, Josep Oliu, highlighted "the changes that César González-Bueno has driven over the last five years have delivered record results and multiplied the value of Banco Sabadell's shares by more than 12 times - the highest valuation among IBEX companies in this period and also the highest among European banks."

"The Board of Directors appointed González-Bueno for his proven track record of leadership, innovation and transformation," said Oliu, who stressed that "he has far exceeded both the Board’s expectations and those of the market, both in terms of the depth of the transformation undertaken and the pace at which it has been delivered."  

"He has been an exceptional CEO, with an extraordinary ability to execute, and has dedicated himself to deliver the very best for the bank,"  the chairman added.

Reflecting on his departure, González-Bueno said: "these past five years have been enormously rewarding. We have an exceptional and cohesive team who are well-placed to take the bank forward. Now is the right moment to position the bank for the future, taking advantage of the extraordinary opportunities for transformation offered by new leaps in technology."

Armengol, a career linked to Sabadell

Commenting on the appointment of Marc Armengol, the Chairman said that "Marc knows the bank extremely well. Over almost 25 years, he has held leadership positions across the Group, both in Spain and internationally. Marc has a proven ability to lead, as well as extensive digital experience, both of which position him to harness the opportunities offered by a new era of technological disruption."

“Some great challenges lie ahead: sustaining strong capital generation to support attractive dividend yields for shareholders, maintaining and strengthening commercial momentum, and leading a new phase of transformation in a context of technological disruption", said Oliu. The chairman added that "Armengol is fully prepared to tackle these challenges, and we are fortunate that he is available to do so at the right moment."

González-Bueno added that "Marc has the skills and experience to take on this role. He has strategic vision and deep understanding of technology and its potential. He is the right person for this exciting challenge." 

Armengol was grateful for the support of Banco Sabadell's Board of Directors and said: "I am very excited to take on the role of CEO, as we build a profitable business that leverages data and technology to offer the best solutions and service for our customers, while maintaining the customer relationship model that differentiates Banco Sabadell in Spanish banking.”

“With a solid financial foundation and an exceptionally talented workforce, I will be focused on continuing to deliver shareholder value while preparing the bank for the next phase of its transformation to take it to the next level”, he added.

Marc Armengol joined Banco Sabadell in 2002 and has extensive experience spanning roles in the areas of technology, operations and strategy, consistently linked to transformation projects.

In his first role at Banco Sabadell Spain, he led different areas of Operations, Technology and the Organization function, and played a key role in the integrations that transformed the Group following multiple acquisitions up to 2014. 

He subsequently moved to the United States, where, as COO of America & the Group’s International Network, he led sales and integrations and oversaw the launch of Banco Sabadell's banking subsidiary in Mexico.

In 2018, he settled in the United Kingdom where, as a member of the Management Committee and Head of Strategy, he laid the foundations for the transformation that has made TSB a highly profitable bank.

In 2021, he was appointed Chief Operating Officer of Banco Sabadell and member of the Management Committee, a position he combined with serving on the Board of TSB. In November 2024, he became CEO of TSB, where he has improved the competitive position of the British subsidiary and increased the subsidiary's positive contribution to the Group's results. Armengol was also a key player in the sale of TSB. 

Marc Armengol has a degree in Business Administration and Management from the Pompeu Fabra University in Barcelona, and a specialization in Information Technology from the Universiteit van Amsterdam.

Reorganization of the Spanish business

The Board of Directors has also appointed Carlos Ventura as Chief Executive Officer of Business in Spain. He adds Retail Banking to his current responsibilities in Business Banking, Network and Private Banking, in addition to joining the bank's highest governing body as an executive director.

During Ventura's tenure, Banco Sabadell has maintained and strengthened its leadership in the Business segment of the business, expanded private banking with a new business model, and transformed the commercial network, taking on modernization and digitalization processes and reinforcing the quality of service for customers. 

"With his incorporation into the Board of Directors, the bank recognizes the increasing importance of the Spanish business to the Group. Carlos Ventura brings experience and professionalism to the role",  The president said.

Jorge Rodríguez Maroto remains Head of Retail Banking and as a member of the Management Committee, reporting to Carlos Ventura.

"Rodríguez Maroto is doing an extraordinary job in the development of the retail business. This change in structure is intended to advance  the coordination of the network while maintaining an excellent of service for customers “according to Oliu.

The Corporate and Investment Banking (CIB) Directorate remains unchanged under the CEO, with Cristóbal Paredes as general manager.