De Luna Leaves Sareb & Receives 3-Month Ban on Work Within Sector

30/01/2014 – Expansion

Walter de Luna leaving Sareb news has been officially confirmed. The managing director handed his resignation over to the administrative board of the real estate company yesterday, because of the dissent between him and the chairwoman, Belen Romana.

Due to the resignation, De Luna, earning around half a million Euros anually, will not receive any compensation. The ex-executive received a three-month incompatibility period, during which he cannot be hired by any of the companies related to Sareb. In the last weeks, De Luna has been interviewed by some of the major opportunistic funds interested in investment in Spain.

Sareb has already launched an offer to substitute the ex-CEO. (…).

Original article: Expansión