Braulio MedelHe, who will turn 75 this August, stepped down as chairman of the Unicaja Banking Foundation this Tuesday. His resignation and appointment after the celebration of the patronage of this institution as planned The current boss and new president of his successor, Jose Manuel Dominguez. Thus, the stage of becoming the president of Unicaja Foundation, which Medel has been the president of for 25 years, continued for more than 31 years until 2016, and then left the bank and became the main shareholder of the bank, comes to an end. 30.2% of titles.
Medel’s farewell got the board’s acceptance Ask the Banking Foundations Protection BoardThe compliance report requested by the Department of Economic Affairs, which is currently being prepared by the Baker Mckenzie law firm, limited to the administration of the Foundation only. To this end, it is argued that with Medel’s dismissal, it makes no sense to focus on Medel’s eligibility requirements questioned by the Government. The relevant item of the agenda was accepted with seven votes in favor and five against.
Born in Marchena (Seville) in 1947, Braulio Medel is a Doctor of Economics and professor of Public Finance and Tax Law at the University of Malaga. His entire career has been linked to economics, particularly in finance. In the 1980s he was director of the Planning Office of the Junta de Andalucía (1982-1984) and Deputy Minister of Economy and Finance (1984-1987). At the age of 40 he became president of the Caja de Ahorros de Ronda.One of five (along with Cádiz, Almería, Antequera and Malaga) that merged to form Unicaja in 1991.
Instead, José Manuel Domínguez, 63, PhD in Economic Sciences, is professor of Applied Economics in Public Finance, Economic Policy and Political Economy at the University of Malaga (UMA). of the excellent academic profile, highly intelligent in finance; According to those who know him, he is a man of admirable work capacity and consensus., He has more than a hundred academic articles published in scientific journals, in addition to several books on economics related to both the public and financial sectors. And despite his growing responsibilities at Unicaja Banco over the past three decades (since its inception, he has worked at the organization from Caja de Ronda and has been responsible for the bank’s Technical Secretary for the past six years).
The foundation made the news of the substitute official, with a statement stating that José Manuel Domínguez Martínez has been appointed as the patron and new president of this institution. Produced “unanimously”.
After taking office, Domínguez wanted to express: “A hearty thank you” for this appointment.extended it “to those formulating the proposal, and also to all the support received, both internal and external.”
Domínguez stressed that he assumed the position “under his predecessor”. be able to implement with autonomy and independencelegal, institutional and institutional framework and without any restrictions other than those derived from The strictest defense of the interests of the Foundation“.
He wanted to emphasize that the designation applies to him in the same way. “a tremendous honor while representing a high responsibility”.
“I will spare no effort to defend the interests of the Foundation. its social mission can achieve the highest levels of efficiency and qualityachieve the greatest possible effect in terms of social welfare‘ he assured.
In the statement, the Foundation’s board of trustees also wanted to express their “gratitude to Medel for the dedication and commitment to existence throughout these years.”
Medel herself also thanked To all the people who made up the institution for their “work, dedication and devotion over the years”, which he sees as “the pillars that enable us to be the most important financial and social foundation in Andalusia”.
At this Tuesday’s session, the Board of Trustees approved the renewal of their positions. Philip Faraguna As a foundation trustee and chairman of the Audit Committee, and Isabel Fernandez Machuca As Unicaja Basketball director.
In addition, the Board of Trustees agreed Requesting “compliance” from the Banking Foundations Protection BoardDepending on the Ministry of Economic Affairs, the conformity report requested at that time Limited “only” to the management of the Foundation“given Evaluation of his suitability became meaningless after suddenly dismissing Braulio Medel.“.
Medel expected to resign tremendous wear and tear on your body over the course of a year and a halfIncreasingly objecting to the management of the foundation from different citizen and corporate areas, mainly from the merger of Unicaja and free bank, which took place in July of last year in 2021. Medel is accused of being in line with the strategies of Manuel Menéndez, who is the current CEO of Unicaja Banco and hails from Asturia. Therefore, the four special directors, of whom the Unicaja Foundation sits on the financial institution’s board (and was renewed at the last shareholder meeting a few months ago), voted several times in line with Menéndez’s thesis. To the detriment of the line advocated by President Manuel Azuaga.
a conciliatory profile
José Manuel Domínguez, the new president of the foundation, PhD in Economic Sciences and Professor of Applied Economics (Public Finance) from the University of Malaga. In 1981, he joined the Málaga Faculty of Economics and Commercial Sciences as a professor, where he has lectured continuously since then and has been vice dean.
he is the director Unicaja Edufinet Financial Education Project since its establishment in 2005 and director of “eXtoikos, the digital magazine for the dissemination of economic knowledge”. He served as the General Manager of Unicaja Banco’s General and Technical Secretariat and, like his predecessors, held various management positions for this organization for more than 30 years.
He is a board member of the Education Economists Organization, a member of the Commission on Teaching Innovation at the University of Andalusia, a member of the scientific committee of CIFAL-Malaga (International Training Center for Officials and UNITAR Leaders). – United Nations Institute for Vocational Education and Research) and member of the Ateneo de Málaga Board of Directors. He has also been chairman of the board of Analistas Económicas de Andalucía and Vice-President of the Ciedes Foundation.
Also, it has been President of Malaga Basketball Cluband has been part of the board of directors of other companies such as Banco Ceiss, European Bank of Finance, International Financial Analysts, Regional Tax Management, Andalusian Economy, Esesa or Port of Malaga Special Plan.
he is the author twenty books and more than 300 articles and researchabout public sector economics, the financial system and financial education, among other aspects. He also published More than 600 opinion articles.
CCOO celebrates relay
The departure of Medel, which has been known since the day the patronage was gathered last weekend, has already caused reactions.. CCOO celebrates “approval of scene change”realizing that the change would serve to secure the status of the Foundation and its group, “by avoiding continuing the reputational damage that has occurred in recent months”.
The union said confirming Medel’s departure from the Unicaja Banking Foundation was “a Consensus request from the entire Andalusian parliamentary belt, social representatives and citizen platformTo achieve “adequate governance and management that takes into account their origins and roots, as in other banking institutions”.
Given that the Unicaja Banking Foundation is the majority shareholder of the bank, CCOO took the opportunity to demonstrate that the Foundation’s new status “increases the likelihood of a return to Turkey.” Logical governance at Unicaja Banco“Same terms as the merger with Liberbank is defined.