BBVA has executed a significant restructuring of its executive leadership, replacing the chief executive in Mexico and appointing a new chief financial officer.

The Spanish bank’s board, led by Chairman Carlos Torres and CEO Onur Genç, confirmed the changes as part of a broader effort to modernize the group’s management structure.

The overhaul affects up to ten senior positions across the bank’s global operations.

Management described the moves as a necessary adaptation to the technological challenges and strategic shifts facing the financial sector.

The changes signal a push to align the bank’s leadership with its digital transformation goals.

This leadership shakeout comes as BBVA faces heightened scrutiny from investors.