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Santander México's finance and administration chief steps down

Grupo Financiero Santander Mexico SAB de CV and unit Banco Santander (México) SA Institución de Banca Múltiple said that veteran executive Pedro José Moreno Cantalejo resigned from his post as vice president of finance and administration, effective March 31.

Moreno will be replaced by several experienced executives who will report to Executive President and CEO He´ctor Grisi Checa, the company said.

The departure marks the end of a more-than 30-year career at Santander Group for Moreno, who moved to the Mexican subsidiary 12 years ago and has headed its administration and financial division since 2010.