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Grupo Supervielle S.A. (NYSE:SUPV), an Argentine financial services group with a market capitalization of $1.47 billion and an impressive 168% return over the past year, disclosed the resignation of its Regular Director, Mr. José Orlando, and the appointment of Mr. Gabriel Alberto Coqueugniot as a new director. The announcement was made in a filing with the U.S. Securities and Exchange Commission dated April 22, 2025. According to InvestingPro data, the company maintains a GREAT financial health score, suggesting strong operational stability during this transition.
Mr. Orlando stepped down from his position on April 22, 2025, citing personal reasons for his departure. Following his resignation, the company’s Ordinary and Extraordinary Shareholders’ Meeting appointed Mr. Coqueugniot as a Director. His term is set to continue until the Annual Shareholders’ Meeting, which will review the financial statements as of December 31, 2025.
Grupo Supervielle, which operates a nationwide network in Argentina and trades at a P/E ratio of 12.36, is listed on both the New York Stock Exchange and Bolsas y Mercados Argentinos S.A. The company’s decision to appoint Mr. Coqueugniot was communicated by Ana Bartesaghi, Deputy Head of Market Relations at Grupo Supervielle S.A. InvestingPro identifies the company as a prominent player in the Banks industry, with 8 additional key insights available to subscribers.
The report, filed as a Form 6-K, reflects the company’s compliance with the SEC’s regulations for foreign issuers and provides transparency to its shareholders and the broader market. The filing did not detail any additional changes to the company’s strategy or operations following this board alteration. With the stock currently trading at $15.96, InvestingPro analysis suggests the shares are trading above their Fair Value, though the company maintains strong momentum with a 105% price return over the past six months.
This corporate governance update is based on the press release statement provided by Grupo Supervielle and does not include any speculative content regarding the reasons behind Mr. Orlando’s resignation or the expectations for Mr. Coqueugniot’s tenure as a director.
In other recent news, Grupo Supervielle S.A. has announced plans to sell up to 4,567,223 of its own Class B shares. This decision, approved by the Board of Directors and disclosed in a Securities and Exchange Commission filing, aims to boost market liquidity and provide capital for a subsidiary. The company has earmarked the funds from this sale for capital contributions to Supervielle Agente de Negociación S.A.U., a controlled entity within the group. Grupo Supervielle views this capital injection as a viable and efficient alternative that will benefit both the company and its shareholders. The sale complies with Article 67 of the Capital Market Law and the regulations of the National Securities Commission of Argentina. The shares are scheduled to be disposed of between August 2025 and April 2026, the maximum period allowed from their acquisition under the mentioned law. This strategic initiative is part of Grupo Supervielle’s efforts to optimize its financial structure and support strategic growth initiatives. The company continues to manage its portfolio in alignment with regulatory frameworks and market opportunities.
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