Overview
- Shareholders approved Fernando Chico Pardo’s resignation as an alternate director effective October 28, 2025, and released him from responsibilities tied to the role.
- Rafael Salinas Martínez de Lecea was appointed alternate director effective the same date, and the remaining board was ratified.
- BBVA México reaffirmed Jaime Serra Puche as board chair and Eduardo Osuna as vice chair at the same shareholders’ meeting.
- Citi has agreed to sell Chico Pardo a 25% stake in Banamex, with closing expected in the second half of 2026 subject to regulatory approval.
- Media have reported a price of about 42,000 million pesos for the 25% stake, and Citi CEO Jane Fraser has formally sought Mexican regulatory clearance and backed Chico Pardo as a partner, with plans for him to chair Banamex and for Manuel Romo to remain CEO after closing.