Jorge Moran, CEO of Santander Holdings USA and Sovereign Bank, has stepped down from his positions, the bank announced Wednesday.
The boards of Sovereign and Santander have appointed Roman Blanco to replace Moran at both companies. Blanco has been CEO of Banco Santander Colombia for the past five years. He joined Santander Group in 2004.
Sovereign has 32 branches, plus 125 ATM locations in Connecticut.
“Jorge’s leadership since December 2010 has been instrumental in reorganizing Santander’s businesses in the U.S., transforming Sovereign into a full-fledged commercial bank, and preparing the bank for a new chapter of growth,” Jerry Grundhofer, chairman of the boards of Sovereign and Santander Holdings USA, said in a statement. “We also look forward to working with Roman in this next phase.”
