Banco Santander Management
Management criteria checks 3/4
Banco Santander's CEO is Hector Grisi Checa, appointed in Jan 2023, has a tenure of 2.17 years. total yearly compensation is €9.14M, comprised of 34.5% salary and 65.5% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €12.04M. The average tenure of the management team and the board of directors is 8.8 years and 8.9 years respectively.
Key information
Hector Grisi Checa
Chief executive officer
€9.1m
Total compensation
| CEO salary percentage | 34.5% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.01% |
| Management average tenure | 8.8yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | €9m | €3m | €12b |
| Sep 30 2024 | n/a | n/a | €12b |
| Jun 30 2024 | n/a | n/a | €11b |
| Mar 31 2024 | n/a | n/a | €11b |
| Dec 31 2023 | €8m | n/a | €11b |
Compensation vs Market: Hector's total compensation ($USD9.94M) is above average for companies of similar size in the Italian market ($USD2.80M).
Compensation vs Earnings: Hector's compensation has been consistent with company performance over the past year.
CEO
Hector Grisi Checa (58 yo)
2.2yrs
Tenure
€9,137,472
Compensation
Mr. Hector Blas Grisi Checa serves as Chief Executive Officer & Executive Director of Banco Santander, S.A. since January 01, 2023. He served as Executive Chairman and Chief Executive Officer of Grupo Fina...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Executive Chairwoman | 36.1yrs | €12.13m | 0.22% € 205.4m | |
| Group CEO & Executive Director | 2.2yrs | €9.14m | 0.013% € 12.0m | |
| Head of Investor Relations & Market Intelligence | no data | €128.18k | no data | |
| Senior EVP & Group Chief Financial Officer | 10.2yrs | no data | 0.015% € 14.5m | |
| Group Chief Operating & Technology Officer | 6.5yrs | no data | 0.0088% € 8.2m | |
| Chief Investment Officer & Head of Product | less than a year | no data | no data | |
| Senior EVP & Group Chief Accounting Officer | 11.2yrs | no data | 0.0062% € 5.8m | |
| Senior EVP and Global Head of Corporate & Investment Banking | 8.2yrs | no data | 0.00020% € 187.5k | |
| Global Head of Investor Relations | no data | no data | no data | |
| Senior EVP | 9.5yrs | no data | 0.0056% € 5.3m | |
| Group Senior EVP & Chief Compliance Officer | 1.2yrs | no data | no data | |
| Senior EVP and Group Head of Communications | 23.7yrs | no data | 0.0081% € 7.6m |
8.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: 1SANX's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Executive Chairwoman | 36.1yrs | €12.13m | 0.22% € 205.4m | |
| Group CEO & Executive Director | 2.2yrs | €9.14m | 0.013% € 12.0m | |
| Independent Vice Chair & Lead Independent Director | 2.3yrs | €700.00k | 0.0035% € 3.3m | |
| Chairman of International Advisory Board | no data | no data | no data | |
| Non-Executive Vice Chairman | 10.3yrs | €382.47k | 0.017% € 15.5m | |
| Non-Independent Non-Executive Director | 20.7yrs | €143.97k | 0.036% € 34.2m | |
| Independent Non-Executive Director | 8.5yrs | €285.09k | 0.00045% € 422.0k | |
| Member of International Advisory Board | no data | €137.00k | no data | |
| Independent Non-Executive Director | 9.3yrs | €598.89k | 0% € 0 | |
| Independent Non-Executive Director | 10.3yrs | €292.17k | 0.0042% € 3.9m | |
| Independent Non-Executive Director | 5.4yrs | €380.25k | 0.00055% € 515.8k | |
| Independent Director | 2.9yrs | €338.00k | 0.000070% € 65.6k |
8.9yrs
Average Tenure
63.5yo
Average Age
Experienced Board: 1SANX's board of directors are considered experienced (8.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/16 16:26 |
| End of Day Share Price | 2025/03/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Banco Santander, S.A. is covered by 52 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| José Valle Carrascal | Ahorro Corporación |
| David Grinsztajn | AlphaValue |
| Carlos Peixoto | Banco BPI, S.A. |