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Cecabank chairman resigns

Cecabank SA said Antonio Massanell stepped down as nonexecutive chairman.

Vice Chairman Manuel Azuaga will succeed Massanell, effective Dec. 21, the Spanish bank said the same day.

Massanell also resigned as deputy chairman and a board director at CaixaBank SA, with effect from Dec. 31. CaixaBank named Tomás Muniesa Arantegui, its chief insurance and asset management officer, as a member and deputy chairman of its board of directors.

Muniesa retains his executive post at CaixaBank. He will also join the board executive committee.