Ana Botín announces that she will be the last of her family at the helm of Santander

Ana Botín has announced she will be the last member of her family to lead Banco Santander, ending over a century of family leadership. She plans to continue her role for several years while considering a future transition to a non-executive chair position. The bank, founded in 1857, has been under Botín family leadership since 1909, with Ana Botín at the helm since 2014. She aims to expand the bank's customer base significantly and achieve substantial profit growth by 2028. Despite speculation about her successor, she has stated that none of her children will take over the leadership, although her son Felipe has a financial background and is involved in the bank's operations.