Just over a year ago, during the World Economic Forum in Davos, Ana Botín, president of Banco Santander, praised Donald Trump's stance: "We greatly value his focus on deregulation and reducing bureaucracy." The US president responded by stating that he was familiar with the financial institution and even congratulated her: "You have done an excellent job."

The start of the school year has been turbulent in the executive transfer market, mainly overshadowed by a news story worthy of the tabloids: the Swiss multinational Nestlé discovered that its CEO, Laurent Freixe, was having a romantic relationship with a direct subordinate to whom he allegedly granted privileges within a sudden dismissal. Beyond that, however, Nestlé has dismissed its top executive without severance pay, a decision that has impacted the stock market with a fall of more than 3% for the company and leaves its future non-executive chairman, Pablo Isla (who will be appointed in 2026, if not appointed in 2026, to Nestlé), in a complicated situation. For the moment, the company has appointed Philipp Navratil, who managed the company's coffee and beverage business in Mexico, to replace Freixe. Aside from this news, the start of the school year brings significant changes to the executive market. These are some of them:

BBVA's hostile takeover bid for Banc Sabadell is taking another step closer to a conclusion. The Bilbao-based bank has decided to continue the offer despite the Spanish government's condition that the two entities remain separate for three to five years. This means that even if the takeover bid is successful (BBVA and Sabadell would be integrated), the subsequent merger would not materialize until later.

The big signing of the week is once again for the banking sector, with Amparo Moraleda as the new vice president of CaixaBank, making her the first woman to hold this position. However, the week has been busy in terms of executive recruitment, primarily in the banking sector, but also with significant moves at Atresmedia, the GSMA, VidaCaixa, and Telefónica. These are the week's highlights: