Popular, Inc. announced that its Board of Directors appointed Javier D. Ferrer as President of Popular, Inc., in addition to his current role as Chief Operating Officer (?COO?), continuing to report directly to Ignacio Alvarez, Popular?s Chief Executive Officer (?CEO?). Ferrer was also named President of Popular, Inc.?s two banking subsidiaries, Banco Popular de Puerto Rico and Popular Bank. These appointments were effective May 9, 2024.

Ferrer has been with Popular since 2014, serving as Executive Vice President and COO since 2022 and previously as Executive Vice President, Chief Legal Officer and General Counsel. He has also overseen the company?s strategic planning function since 2019. Before joining Popular, Ferrer was a founding partner of Pietrantoni Méndez & Alvarez LLC, a Puerto Rico based law firm.

He also served as President and Vice-Chairman of the Board of Directors of the Government Development Bank for Puerto Rico. As President and COO, Ferrer will continue to oversee all business units in Puerto Rico, the mainland United States and the Virgin Islands, as well as to direct Popular?s strategic planning and data analytics functions. The corporation?s administrative, communications, finance, risk management, security, legal, and technology functions will continue reporting directly to the CEO.