Ana Botín assures that she will be the last of the Botín family to hold the presidency of Banco Santander

Ana Botín, president of Banco Santander, stated she will be the last from the Botín family to lead the bank, emphasizing her children have no interest in taking over. She believes it is important to have family values represented in the board, even if the family steps back from leadership. Her son, Felipe Morenés, has pursued a career in private equity and does not intend to join the bank. Botín's departure could lead to a shift in governance, aligning with ECB recommendations to separate executive powers from the presidency.