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Popular Inc (BPOP.OQ)

BPOP.OQ on NASDAQ Stock Exchange Global Select Market

38.03USD
18 Sep 2020
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$0.51 (+1.36%)
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Summary

Name Age Since Current Position

Richard Carrion

68 2019 Non-Executive Chairman of the Board

Ignacio Alvarez

61 2017 President, Chief Executive Officer, Director

Carlos Vazquez

61 2014 Chief Financial Officer, Executive Vice President

Camille Burckhart

40 2015 Executive Vice President, Chief Information Officer, Digital Strategy Officer, Technology & Operations Group

Lidio Soriano

51 2011 Executive Vice President, Chief Risk Officer

Javier Ferrer

58 2014 Executive Vice President, Secretary, Chief Legal Officer

Betina Castellvi

52 2019 Executive Vice President and Chief Security Officer Corporate Security Group

Luis Cestero

46 2017 Executive Vice President Retail Banking Group of the Bank

Manuel Chinea

54 2016 Executive Vice President, Chief Operating Officer of Popular Community Bank

Eduardo Negron

55 2019 Executive Vice President - Administration Group

Eli Sepulveda

57 2019 Executive Vice President - Commercial Credit Group

Juan Guerrero

60 2004 Executive Vice President - Financial and Insurance Services Group of the Bank

Gilberto Monzon

60 2010 Executive Vice President - Individual Credit Group of the Bank

John Diercksen

70 2019 Lead Independent Director

Joaquin Bacardi

54 2016 Independent Director

Alejandro Ballester

53 2010 Independent Director

Robert Carrady

64 2019 Independent Director

Maria Ferre

56 2004 Independent Director

C. Kim Goodwin

60 2011 Independent Director

Myrna Soto

51 2018 Independent Director

Carlos Unanue

56 2010 Independent Director

Biographies

Name Description

Richard Carrion

Mr. Richard L. Carrion serves as Non-Executive Chairman of the Board of the Company. President of BPPR from 1985 to 2004 and from May 2010 to September 2014. Executive Chairman of Popular Bank from July 2017 to July 2019 and Chairman since 1998. Chairman of Popular North America, Inc. and other direct and indirect wholly-owned subsidiaries of Popular and CEO until 2017. Director of the Federal Reserve Bank of New York from January 2008 to December 2015. Chairman of the Board of Trustees of Fundación Banco Popular, Inc. since 1991. Chairman and Director of Popular Bank Foundation, Inc. since 2005. Member of the Board of Directors of Verizon Communications, Inc. from 1995 to May 2019. Member of the International Olympic Committee since 1990 and Chairman of the International Olympic Committee Finance Commission from 2002 to 2013. Managing Member of RCA3 Investments, LLC, an entity engaged in financial consulting since October 2017. Chairman of the Board of Vall Banc, an Andorra-based bank, since October 2017. Member of the Supervisory Board of NIBC Holding N.V. and NIBC Bank N.V., both entities engaged in banking in the Netherlands, since 2017. Member of the Board of Directors of First Bank, an entity engaged in banking in Romania, since November 2018.

Ignacio Alvarez

Don Ignacio Alvarez serves as President, Chief Executive Officer, Director of the Company. Chief Executive Officer of Popular, BPPR and Popular Bank since July 2017. President of Popular, BPPR and Popular Bank since October 2014 and Chief Operating Officer of Popular and BPPR from October 2014 to July 2017. Executive Vice President and Chief Legal Officer of Popular from June 2010 to September 2014. President and CEO of Popular North America, Inc. and other direct and indirect wholly-owned subsidiaries of Popular. President of the Puerto Rico Bankers Association from October 2017 to September 2019. Director of Centro Financiero BHD León, S.A. and Banco BHD León, from March 2018 to March 2019. Member of the Board of Trustees of Fundación Banco Popular, Inc. and of Popular Bank Foundation, Inc. since November 2015.

Carlos Vazquez

Mr. Carlos J. Vazquez serves as Chief Financial Officer, Executive Vice President of the Company. He was President of Popular Bank from September 2010 to September 2014 and has been Executive Vice President of Popular since February 2010 and Senior Executive Vice President of BPPR since 2004. He has served as Director of BPPR and of Popular Bank since October 2010. He has been Vice Chairman of the Board of Directors of Popular Bank Foundation since November 2010, Director of the Federal Home Loan Bank of New York since November 2013 and Member of the National Board of Directors of Operation Hope since 2012.

Camille Burckhart

Ms. Camille Burckhart serves as Executive Vice President, Chief Information Officer, Digital Strategy Officer, Technology & Operations Group of the Company. Prior to becoming Executive Vice President, Ms. Burckhart was the Senior Vice President in charge of the Technology Management Division from December 2010 to June 2015. She has been a member of the Board of Directors of Nuestra Escuela since August 2016 and of the Board of Trustees of Fundación Banco Popular since October 2018.

Lidio Soriano

Mr. Lidio V. Soriano CPA serves as Executive Vice President, Chief Risk Officer of the Company. He served as a Director of BPPR from October 2014 to September 2019. He has been a member of the Board of Directors of the Puerto Rican League Against Cancer since August 2018.

Javier Ferrer

Mr. Javier D. Ferrer serves as Executive Vice President, Secretary, Chief Legal Officer of the Company. In January 2019, he assumed oversight of the Corporation’s strategic planning function. Since September 2019, Mr. Ferrer has been a member of the Trust Committee of the Board of Directors of BPPR. Prior to joining Popular, Mr. Ferrer was a Partner at Pietrantoni Méndez & Alvarez LLC, a San Juan, Puerto Rico based law firm, were he worked from September 1992 to December 2012 and from August 2013 to September 2014. From January 2013 to July 2013, Mr. Ferrer served as President of the Government Development Bank for Puerto Rico and Vice Chairman of its Board of Directors as well as Chairman of the Economic Development Bank for Puerto Rico.

Betina Castellvi

Ms. Betina Castellvi serves as Executive Vice President and Chief Security Officer Corporate Security Group of the Company. Castellví's career at Popular, which spans over 20 years, includes leadership roles in several areas, such as financial, operational and market risk, and most recently, the position of General Auditor, which she assumed in 2012. Castellví, a Certified Public Accountant and lawyer, earned a Bachelor's Degree in accounting from the Wharton School of the University of Pennsylvania and a law degree from the University of Puerto Rico.

Luis Cestero

Mr. Luis E. Cestero serves as Executive Vice President Retail Banking Group of the Bank of the Company. Cestero was the Senior Vice President in charge of Retail Banking Administration from May 2009 to June 2017.

Manuel Chinea

Mr. Manuel Chinea serves as Executive Vice President, Chief Operating Officer of Popular Community Bank of the Company. He has served as a Member of the Board of Trustees of Popular Bank Foundation since October 2013, member of the Board of Directors of the Hispanic Federation since June 2016 and member of the Board of Junior Achievement New York since October 2017.

Eduardo Negron

Mr. Eduardo J. Negron serves as Executive Vice President - Administration Group of the Company. He has been in charge of the Administration Group since December 2010. He became Chairman of Popular’s Benefits Committee on April 2008. He has served as Member of the Board of Trustees and Treasurer of Fundación Banco Popular, Inc. and of the Popular Community Bank Foundation, Inc. since March 2008. Mr. Negrón has been a Director of Fundación Angel Ramos since April 2012 and Chairman of its Investment and Finance Committee since March 2014.

Eli Sepulveda

Mr. Eli S. Sepulveda serves as Executive Vice President - Commercial Credit Group of the Company. He has been the supervisor in charge of the Commercial Credit Group in Puerto Rico since January 2010. Mr. Sepúlveda has been a member of the Board of Managers of the Puerto Rico Idea Seed Fund, LLC since December 2016.

Juan Guerrero

Mr. Juan O. Guerrero serves as Executive Vice President - Financial and Insurance Services Group of the Bank of the Company. He has been an Executive Vice President of BPPR in charge of the Financial and Insurance Services Group since April 2004. He has been a Director of Popular Securities LLC since 1995, Popular Insurance LLC since 2004 and of other subsidiaries of Popular. Mr. Guerrero has served as a Director of SER de Puerto Rico since December 2010 and the Puerto Rico Open since October 2016.

Gilberto Monzon

Mr. Gilberto Monzon serves as Executive Vice President - Individual Credit Group of the Bank of the Company. He has been an Executive Vice President of BPPR in charge of the Individual Credit Group since October 2010. He has also served as Member of the Board of Directors of the San Jorge Children’s Hospital Professional Board since 2011 and director of the Center for a New Economy and the Coalition for the Prevention of Colorectal Cancer of Puerto Rico since 2014.

John Diercksen

Mr. John W. Diercksen serves as Lead Independent Director of the Company. He is Principal of Greycrest, LLC, a privately-held financial and operational advisory services company, since October 2013. Chief Executive Officer of Beachfront Wireless LLC, a privately-held investment entity organized to participate in a Federal Communications Commission airwaves auction, from December 2015 to November 2016, when it was sold. Senior Advisor at Liontree Investment Advisors, an investment banking firm, since April 2014. Director of Harman International Industries, Incorporated, an audio and infotainment equipment company, from June 2013 to June 2017, when it was sold.

Joaquin Bacardi

Mr. Joaquin E. Bacardi III serves as Independent Director of the Company. Mr. Bacardi is a Private investor since 2016. President and Chief Executive Officer of Bacardi Corporation, a privately held business and major producer and distributor of rum and other spirits, from April 2008 to April 2016. Mr. Bacardí has extensive experience in the development and implementation of international marketing, sales and distribution strategies acquired throughout more than 24 years at various Bacardi companies and 3 years as Product Manager of Nestlé of Puerto Rico. As President and Chief Executive Officer of Bacardi Corporation, Mr. Bacardí directed and managed all business operations with full profit and loss responsibilities and government relations for Bacardi in the Caribbean, Mexico, Central and South America. Prior to becoming President and Chief Executive Officer of Bacardi Corporation, Mr. Bacardí held positions in various Bacardi enterprises where, among other things, he was responsible for the development of all global communication strategies for Bacardi Limited’s whisky portfolio, with total sales of approximately $400 million, and supervision of marketing for all Bacardi brands globally. Mr. Bacardí’s vast experience in business operations in Puerto Rico and across various international markets, as well as his expertise in global communication strategies, have been of great benefit to the Board.

Alejandro Ballester

Mr. Alejandro M. Ballester serves as Independent Director of the Company. Mr. Ballester has a comprehensive understanding of Puerto Rico’s consumer products and distribution industries acquired through over 29 years of experience at Ballester Hermanos, Inc., a privately-owned business dedicated to the importation and distribution of grocery products, as well as beer, liquors and wine for the retail and food service trade in Puerto Rico. As of December 31, 2019, Ballester Hermanos had approximately $125 million in assets and annual revenues of approximately $350 million. Mr. Ballester is familiar with the challenges faced by family-owned businesses, which constitute an important market segment for Popular’s commercial banking units. He has proven to be a successful entrepreneur establishing the food service division of Ballester Hermanos in 1999, which today accounts for 38% of the firm’s revenues. During 2009, he was a director of the Government Development Bank for Puerto Rico and member of its audit and investment committees where he obtained experience in overseeing a variety of fiscal issues related to various government agencies, instrumentalities and municipalities. The experience, skills and understanding of the Puerto Rico economy and government financial condition acquired by Mr. Ballester have been of great value to the Board.

Robert Carrady

Mr. Robert Carrady serves as Independent Director of the Company. Mr. Carrady, as President of Caribbean Cinemas, has acquired extensive leadership and business operations experience by overseeing and managing a theater operation of approximately 570 cinema screens in 68 locations across Puerto Rico, the Dominican Republic and several other Caribbean islands, as well as in Guyana, Panama and Bolivia. His entrepreneurial skills have helped develop Caribbean Cinemas into the largest movie theater chain in the Caribbean and has transformed the company which today manages in-house the construction of new sites, theatre operations, film buying, food concessions, screen advertising, game room concessions and real estate leasing and management. Mr. Carrady’s experience as a business leader and entrepreneur, as well as his thorough understanding of the Caribbean region, one of the markets where Popular operates, brings great value to our board.

Maria Ferre

Ms. Maria Luisa Rangel Ferre serves as Independent Director of the Company. President and CEO of FRG, LLC, a diversified family holding company with operations in media, real estate, contact centers and distribution in Puerto Rico, the United States and Chile, since 2001. Member of the Board of Directors of GFR Media, LLC since 2003 and Chair from 2006 to February 2016. Publisher of El Nuevo Día, Puerto Rico’s most widely read and influential newspaper, and Primera Hora since 2006. President and Trustee of The Luis A. Ferré Foundation, Inc. since 2003. Trustee and Vice President of the Ferré Rangel Foundation, Inc. since 1999. President of the Board of Directors of Multisensory Reading Center of PR, Inc. since 2012. Member of the Latin American Caribbean Fund of The Museum of Modern Art since 2013 and of the Smithsonian National Board since 2017. Member of the Board of Directors of Endeavor Puerto Rico since January 2018 and of the Advisory Board of Boys & Girls Club of Puerto Rico since 2017.

C. Kim Goodwin

Ms. C. Kim Goodwin serves as Independent Director of the Company. Private investor since 2008. Non-executive director of PineBridge Investments, LLC, a global asset management boutique with over $101 billion in assets under management, since May 2011, and Chair of its Audit Committee. Trustee-Director of various equity funds within the Allianz Global Investors family of funds from June 2010 to October 2014. Ms. Goodwin’s experience as chief investment officer at several global financial services firms provides the Board with insight into the perspective of institutional investors. Her analytical skills and understanding of global financial markets have proved to be valuable assets. As Head of Equities at Credit Suisse Asset Management from 2006 to 2008, Ms. Goodwin oversaw enterprise risk functions for her global department. Through her experiences as a member of the Audit Committee of Akamai Technologies, Chair of the Audit Committee of PineBridge Investments and Chair of Popular’s Risk Management Committee, Ms. Goodwin has developed profound knowledge of the risks related to our business. She has also developed expertise in identifying, assessing and managing risk exposure, successfully leading the Board’s efforts on risk oversight. Finally, Ms. Goodwin also provides Popular with valuable insight regarding the use of technology by financial firms.

Myrna Soto

Ms. Myrna M. Soto serves as Independent Director of the Company. Chief Operating Officer of Digital Hands, LLC, a managed security service provider, since March 2019. Partner at ForgePoint Capital, a venture capital firm concentrating exclusively on cybersecurity related companies, from April 2018 to March 2019, when she assumed the role of Venture Advisor. Senior Vice President and Global Chief Information Security Officer of Comcast Corporation, a worldwide media and technology company, from September 2009 to April 2018. Vice President of Information Technology Governance and Chief Information Security Officer of MGM Resorts International, a global hospitality company, from 2005 until September 2009. Ms. Soto has over 29 years of information technology and security experience in a variety of industries, including financial services, hospitality, insurance, risk management, as well as gaming and entertainment. During her years in the information and cybersecurity field, she successfully managed global cybersecurity and technology risk programs at leading Fortune 500 companies. Ms. Soto’s extensive experience in cybersecurity, as well as her experience as a business leader and as a member of several public company boards, brings an invaluable and unique perspective to our Board and helps ensure that the Corporation is well-positioned to meet the technology and cybersecurity needs of today’s marketplace, a matter that becomes more critical each day.

Carlos Unanue

Mr. Carlos A. Unanue serves as Independent Director of the Company. Mr. Unanue has 33 years of experience at Goya Foods, Inc., a privately-held family business with operations in the United States, Puerto Rico, Spain and the Dominican Republic that is dedicated to the sale, marketing and distribution of Hispanic food, as well as to the food processing and canned food manufacturing business. Through his work with Goya Foods, Mr. Unanue has developed a profound understanding of Popular’s two main markets, Puerto Rico and the United States. His experience in distribution, sales and marketing has provided him with the knowledge and experience to contribute to the development of Popular’s business strategy, while his vast experience in management at various Goya entities has allowed him to make valuable contributions to the Board in its oversight functions.