MADRID, Nov. 28, 2018 /PRNewswire/ -- The Board of
Directors of BBVA (NYSE:BBVA) approved the succession plan for
the company's Chief Executive Officer (CEO). Onur Genç, who is currently the CEO of BBVA
Compass and U.S. country manager for BBVA, will replace
Carlos Torres Vila as Group CEO. The
succession is expected to take place on Dec.
31, 2018.
The Board of Directors of BBVA today unanimously approved the
succession plan for the company's Chief Executive Officer,
designating Onur Genç as the Group's next CEO. Onur Genç is
expected to take over as CEO starting on Dec. 31, 2018, when Carlos Torres Vila replaces Francisco González
as Group Executive Chairman, once the relevant authorizations have
been obtained.
"Onur has had an extremely positive impact in our operations in
the U.S. and in Turkey, and now
that contribution will be extended to the whole Group," CEO and
future Chairman Carlos Torres Vila
said. "The Board has selected Onur as he is the ideal CEO to
continue pushing forward our strategy and boosting our
transformation throughout all our franchises, generating value for
all our stakeholders: shareholders, employees, customers and the
overall society."
Onur Genç joined Garanti in 2012 as executive vice president for
retail banking. In 2015 he was named deputy CEO of the Turkish
lender assuming wholesale banking responsibilities as well. Since
Jan. 2017 Onur Genç is CEO of BBVA
Compass and country manager for BBVA U.S., where he achieved
significant progress, not only in the financial results of the
franchise, but also on the development and improvement of digital
capabilities, customer satisfaction and employee engagement.
"I want to thank the Board for their trust in me to take on this
great challenge," Onur Genç said. "I deeply value our purpose and
values, and I am very excited to be part of BBVA's transformation
project."
The transformation emanates from the company's purpose: "To
bring the age of opportunity to everyone." The purpose describes
the role the bank plays in the digital age to help clients and
customers, by offering the best possible banking solutions, helping
them take better decisions about their finances, and having a
positive impact in their lives.
The Group is fully committed to advancing in its transformation
effort. From an internal point of view, in recent years, there has
been a relevant cultural transformation, which has been supported
by solid values. Externally, the Group's value proposal and the
relationship with clients have also evolved significantly. Digital
sales account for 40 percent of total units sold in the Group,
compared to only 15.3 percent two years ago, while digital
customers stand at 26 million. Before the end of the year, BBVA's
goal is to have half of its clients banking through digital
channels.
"BBVA as a whole is devoted to transformation for the benefit of
the customer," said BBVA Chairman Francisco
González. "The team is the best guarantee of the future
success of the Group."
Additional information
Onur Genç
Born in Trabzon (Turkey) in
1974, aged 44. Married and proud father of 14-year-old twins. He
enjoys traveling, dedicated sports fan, loves reading science,
economy and history.
Onur ranked 5th nationally out of 1.2 million students at
university entrance examination. In 1995 he earned a B.S. in
Electrical Engineering from the Boğaziçi University (Istanbul, Turkey) with the highest GPA among
graduating class. In 1997, he received a M.S. in Industrial
Administration from Carnegie Mellon
University in the U.S., obtaining a 4.00 / 4.00 GPA and was
granted the Henry Ford II Scholar Award and Outstanding Academic
Achievement Award.
Onur Genç joined Garanti in 2012 as executive vice president for
retail and private banking and was later that year given additional
responsibilities for Garanti Payment Systems. In 2015 he was named
Garanti Bank deputy CEO, assuming wholesale banking
responsibilities as well. Since January
2017 Onur Genç is CEO of BBVA Compass and country manager
for all BBVA operations in the U.S.
Before Garanti and since 1999, Onur Genç worked at McKinsey
& Company for 13 years where he eventually rose to senior
partner and manager of the Turkish office at the age of 34.
For more financial information about BBVA visit:
http://shareholdersandinvestors.bbva.com
For more BBVA news visit: https://www.bbva.com
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SOURCE BBVA