NEW YORK, Sept 30 Puerto Rico's newly created
federal oversight board unanimously elected Jose Carrion III its
chairman at its inaugural meeting on Friday where it is setting
out a plan of operation for helping the island restructuring
debt and reform the economy.
Carrión, one of four native Puerto Ricans on the seven
member panel appointed by U.S. President Barack Obama on Aug.
31, is an insurance industry executive and past chairman of
Puerto Rico's Workers Compensation Board.
(Reporting By Nicholas Brown; Editing by Daniel Bases and Chizu