Grupo Supervielle S.A. Announces the Appointment of Gustavo Manriquez as CEO of Banco Supervielle

Rhea-AI Summary

Grupo Supervielle S.A. (NYSE: SUPV) has announced the appointment of Gustavo Manriquez as CEO of Banco Supervielle, effective October 1, 2024. Manriquez, who previously served as CEO and General Manager of Banco Macro since 2016, brings over 30 years of experience in the Argentine financial industry. He succeeds Alejandro Stengel, who is stepping down after four years as CEO.

Manriquez holds a bachelor's degree in business administration, a postgraduate degree in Finance, and an MBA. He has a strong track record in developing digital strategies and driving growth through strategic partnerships. Upon his appointment, Manriquez expressed his commitment to continuing innovation and growth at Banco Supervielle.

Patricio Supervielle, Chairman and CEO of Grupo Supervielle, expressed confidence in Manriquez's ability to guide the bank through its next growth stage and contribute to Argentina's economic transformation. The appointment is subject to customary regulatory procedures.

Positive

• Appointment of experienced CEO with over 30 years in the Argentine financial industry
• New CEO's strong background in digital strategy and innovation
• Potential for fresh perspectives and strategic growth under new leadership

Negative

• Transition period may cause temporary operational disruptions
• Uncertainty regarding continuity of previous CEO's initiatives

The succession process, announced in April 2024, has been completed; Alejandro Stengel will be stepping down from his position.

BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Grupo Supervielle S.A. (NYSE: SUPV) (BYMA: SUPV) (“Supervielle” or the “Company”), a universal financial services group headquartered in Argentina with a nationwide presence, announced today that Mr. Gustavo Manriquez has been appointed as CEO of Banco Supervielle, effective October 1, 2024.

Prior to his appointment as CEO of Banco Supervielle, and since 2016, Gustavo served as CEO and General Manager of Banco Macro. During his tenure, he focused on positioning the bank as one of the leading private franchises in the country and developed a digital strategy that facilitated a comprehensive transformation of the value proposition across all customer segments. He brings over 30 years of experience in the Argentine financial industry, where he has held several executive positions and consistently driven growth through strategic partnerships and the implementation of innovative digital solutions throughout his career. Previously, he led the Retail and SMEs divisions at Scotiabank Uruguay. Prior to that, Gustavo had an extensive career at Citibank, both in Argentina and abroad. He holds a bachelor’s degree in business administration from Universidad de Belgrano and a postgraduate degree in Finance from CEMA, Centro de Estudios Macroeconómicos. Additionally, he completed the Executive Development Program at the Instituto de Altos Estudios Empresariales (IAE) and also holds an MBA from IAE.

Upon his appointment as CEO of Banco Supervielle, Gustavo Manriquez stated: “It is an honor to lead Banco Supervielle into this next chapter of its distinguished history. I am committed to continuing to drive the innovation and growth that characterize this institution, working alongside the team to further refine the financial solutions that support the development of our clients and the communities in which we operate. I firmly believe in Argentina's potential and in Banco Supervielle's ability to be a key player in the country's economic transformation.”

“On behalf of the Board of Directors, I would like to thank Alejandro Stengel for his significant and successful contributions as CEO of the Bank over the past four years, which have enabled us to transform our operating model and move forward in building the bank of the future,” said Patricio Supervielle, Chairman and CEO of Grupo Supervielle.

“Looking ahead, I am thrilled about this appointment and confident that Gustavo will guide us though the next stage of the bank's growth. We have a committed team ready to grow under his leadership as we enter a new era for Argentina. Gustavo brings a wealth of expertise and exceptional experience that will be vital for Banco Supervielle, its ecosystem, and its partnerships in the years ahead. We are optimistic about the future of our country, the strengthening of our franchise, and the achievement of our strategic goals as a driver of economic development in all the communities where we operate,” concluded Mr. Supervielle.

The appointment of Gustavo Manriquez is subject to customary regulatory procedures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240924759990/en/

Ana Bartesaghi

ana.bartesaghi@supervielle.com.ar

Source: Grupo Supervielle S.A.

FAQ

When will Gustavo Manriquez become CEO of Banco Supervielle (SUPV)?

Gustavo Manriquez will become CEO of Banco Supervielle effective October 1, 2024, subject to customary regulatory procedures.

What is Gustavo Manriquez's background before joining Banco Supervielle (SUPV)?

Prior to joining Banco Supervielle, Gustavo Manriquez served as CEO and General Manager of Banco Macro since 2016. He has over 30 years of experience in the Argentine financial industry, including roles at Scotiabank Uruguay and Citibank.

Who is Gustavo Manriquez replacing as CEO of Banco Supervielle (SUPV)?

Gustavo Manriquez is replacing Alejandro Stengel, who is stepping down from his position as CEO of Banco Supervielle after four years in the role.

What are Gustavo Manriquez's qualifications for the CEO role at Banco Supervielle (SUPV)?

Gustavo Manriquez holds a bachelor's degree in business administration, a postgraduate degree in Finance, an MBA, and has completed executive development programs. He has extensive experience in digital strategy and driving growth in the financial sector.