Grupo Supervielle S.A., (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, announced that Patricio Supervielle, Founder & Chairman of the Board is resuming as CEO of the Company effective June 30, 2020. Jorge Ramírez expressed his intention to step down from the day-to-day operational responsibilities as CEO of Grupo Supervielle and Banco Supervielle, but will remain on the Board of Directors of the Company as Vice Chairman and will continue to chair the Risk Management Committee providing strong strategic and advisory support to Patricio Supervielle.
“I wish to thank Jorge for his significant contributions as CEO of Grupo Supervielle over the past two years and look forward to continue working with him in his ongoing role as Vice Chairman of the Board and Chair of the Risk Management Committee”
Simultaneously, the Company reported that Alejandra Naughton has been appointed Board member of its subsidiaries Banco Supervielle, Cordial Compañía Financiera, Supervielle Seguros, InvertirOnline and Supervielle Agente de Negociación. Consequently, she is stepping down from her role as CFO of Grupo Supervielle. Replacing her as CFO is Mariano Biglia, Grupo Supervielle’s current Head of Administration, Tax and Finance, effective June 30, 2020. Furthermore, Ana Bartesaghi, Head of IR and Treasurer will now report to the CEO of Grupo Supervielle, underscoring the Company’s sustained commitment to its current proactive investor communications.
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In addition, the Company announced that Alejandro Stengel who has served as Deputy CEO and COO of Banco Supervielle since April 2019 will now become CEO of the bank effective June 30, 2020. Mr. Stengel has also served as Board member of Grupo Supervielle since 2010. In turn, Silvio Margaria will become Deputy CEO and COO of Banco Supervielle also effective June 30, 2020.
“I wish to thank Jorge for his significant contributions as CEO of Grupo Supervielle over the past two years and look forward to continue working with him in his ongoing role as Vice Chairman of the Board and Chair of the Risk Management Committee,” said Patricio Supervielle, Chairman of Grupo Supervielle. “We are living in extraordinary times, and as we navigate the Covid-19 pandemic we will continue to execute the strategy that Jorge was instrumental in moving forward. Enhancing customer experience and accelerating digital adoption will remain the cornerstone of our strategy in a low-touch world. We will continue to focus on credit quality and cost controls, strengthening operational capabilities and being well prepared to capture the opportunity ahead when growth resumes.”
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