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Popular Inc (BPOP.OQ)

BPOP.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Richard Carrion Rexach

64 2017 Executive Chairman of the Board

Ignacio Alvarez

58 2017 President, Chief Executive Officer

Carlos Vazquez

58 2014 Chief Financial Officer, Executive Vice President

Camille Burckhart

37 2015 Executive Vice President, Chief Information Officer, Digital Strategy Officer.

Lidio Soriano

48 2011 Executive Vice President, Chief Risk Officer

Javier Ferrer

55 2014 Executive Vice President, Secretary, Chief Legal Officer

Manuel Chinea

51 2016 Executive Vice President, Chief Operating Officer of Popular Community Bank

Eduardo Negron

52 2008 Executive Vice President

Eli Sepulveda

54 2010 Executive Vice President of the Corporation and of the Bank

Juan Guerrero

57 2004 Executive Vice President - Financial and Insurance Services Group of the Bank

Gilberto Monzon

57 2010 Executive Vice President - Individual Credit Group of the Bank

Nestor Rivera

70 2010 Executive Vice President - Retail Banking and Operations Group of the Bank

William Teuber

65 2012 Lead Independent Director

Joaquin Bacardi

51 2016 Independent Director

Alejandro Ballester

50 2010 Independent Director

John Diercksen

67 2016 Independent Director

Maria Ferre

53 2004 Independent Director

David Goel

47 2012 Independent Director

C. Kim Goodwin

57 2011 Independent Director

Carlos Unanue

53 2010 Independent Director

Brett Scheiner

2016 IR Contact Officer

Biographies

Name Description

Richard Carrion Rexach

Mr. Richard L. Carrion Rexach has been appointed as Executive Chairman of the Board of the Corporation and the Bank of Popular, Inc., and Banco Popular de Puerto Rico. He was President of the Company. He served as Chairman of the Bank since 1993 and CEO since 1989. President of the Bank from 1985 to 2004 and from May 2010 to present. Chairman and CEO of Popular North America, Inc. and other direct and indirect wholly-owned subsidiaries of the Corporation. Director of the Federal Reserve Bank of New York since January 2008. Chairman of the Board of Trustees of Fundación Banco Popular, Inc. since 1982. Chairman and Director of Banco Popular Foundation, Inc. since 2005. Member of the Board of Directors of Verizon Communications, Inc. since 1995. Member of the Executive Board of the International Olympic Committee from 2004 to 2012 and Chairman of the International Olympic Committee Finance Commission from 2002 to 2013. Mr. Carrión’s 40 years of banking experience, 31 heading the Corporation, Puerto Rico’s largest financial institution, give him a unique level of knowledge of the Puerto Rico financial system. Mr. Carrión is a well-recognized leader with a vast knowledge of the Puerto Rico economy, and is actively involved in major efforts impacting the local economy. His knowledge of the financial industry led him to become a director of the Federal Reserve Bank of New York for eight years.

Ignacio Alvarez

Mr. Ignacio Alvarez has been appointed as President, Chief Executive Officer of Banco Popular de Puerto Rico and Popular Community Bank. he was Executive Vice President and Chief Legal Officer of Popular from June 2010 to September 2014. He has been a Director of BPPR and Popular Community Bank since October 2014 and a member of the Board of Trustees of Fundación Banco Popular, Inc. and of Popular Community Bank Foundation, Inc. since November 2015. He has served as a member of the Board of Regents of Georgetown University since October 2008.

Carlos Vazquez

Mr. Carlos J. Vazquez serves as Chief Financial Officer, Executive Vice President of the Popular, Inc. Mr. Vazquez has been the Chief Financial Officer of Popular since March 2013. He was President of Popular Community 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 Community Bank since October 2010. He has been Vice Chairman of the Board of Directors of Popular Community 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 of Popular, Inc. 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.

Lidio Soriano

Mr. Lidio V. Soriano serves as Executive Vice President, Chief Risk Officer of Popular, Inc. Mr. Soriano served as Independent consultant from May 2010 to July 2011. Chief Financial Officer and Senior Financial Officer of W Holding, Inc. and Westernbank Puerto Rico from October 2008 to April 2010. Executive Vice President and head of Retail Banking and Mortgage Divisions of Oriental Financial Group, Inc. from October 2007 to October 2008.

Javier Ferrer

Mr. Javier D. Ferrer serves as Executive Vice President, Chief Legal Officer of Popular, Inc. 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. From March 2001 to December 2012 and from September 2013 to September 2014, Mr. Ferrer was Secretary of the Board of Directors of the First Puerto Rico Family of Funds, which, as of September 2014, was comprised of 17 funds.

Manuel Chinea

Mr. Manuel Chinea serves as Executive Vice President of Popular Inc., since January 2016 and Chief Operating Officer of Popular Community Bank since February 2013., a subsidiary of Popular, Inc. Prior to becoming Chief Operating Officer of Popular Community Bank, from April 2012 to January 2013, he was Executive Vice President and Chief Marketing and Product Executive at CertusBank. He has served as a Member of the Board of Trustees of Popular Community Bank Foundation, Inc. since October 2013 and of the Board of Directors of the Hispanic Federation, since June 2016.

Eduardo Negron

Mr. Eduardo J. Negron serves as Executive Vice President of Popular, Inc., since April 2008. 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 Sepulveda serves as Executive Vice President of Popular, Inc and Banco Popular de Puerto Rico Bank. He has been the supervisor in charge of the Commercial Credit Group in Puerto Rico since January 2010. Mr. Sepúlveda joined the Board of Managers of the Puerto Rico Idea Seed Fund, LLC on December 2016.

Juan Guerrero

Mr. Juan O. Guerrero serves as Executive Vice President - Financial and Insurance Services Group of Banco Popular de Puerto Rico Bank., a subsidiary of the Company. 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 a Member of the Board of Directors of Puerto Rico Baseball Academy and High School from September 2012 to December 2016.

Gilberto Monzon

Mr. Gilberto Monzon serves as Executive Vice President - Individual Credit Group of Banco Popular de Puerto Rico Bank., the subsidiary of Popular Inc. He has also served as Member of the Board of Directors of the San Jorge Children’s Hospital Professional Board since 2011, Member of the Government Relations Council of the American Bankers Association since 2013 and director of the Center for a New Economy and of the Coalition for the Prevention of Colorectal Cancer of Puerto Rico since 2014.

Nestor Rivera

Mr. Nestor Obie Rivera serves as Executive Vice President - Retail Banking and Operations Group of Banco Popular de Puerto Rico Bank., the subisdiary of Popular Inc. He has served as a Member of the Board of Directors of EVERTEC, Inc. since April 2012.

William Teuber

Mr. William J. Teuber, Jr. is the Lead Independent Director of Popular, Inc. He is Private investor since October 2016. Vice Chairman of EMC Corporation, a provider of information technology infrastructure solutions, from May 2006 to September 2016, when Dell Technologies acquired the company. Director of CRH Plc, a global diversified building materials group based in Ireland, since March 2016. Director of Inovalon Holdings, Inc., a provider of data driven healthcare solutions, since April 2013 and of Pivotal Software, Inc., a subsidiary of EMC, from April 2013 to September 2016. Trustee of the College of the Holy Cross since September 2009.

Joaquin Bacardi

Mr. Joaquin E. Bacardi, III is an director of Popular, Inc. 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 is an Independent Director of Popular, Inc. Mr. Ballester is a President of Ballester Hermanos, Inc., a major food and beverage distributor in Puerto Rico, since 2007. Mr. Ballester has a comprehensive understanding of Puerto Rico’s consumer products and distribution industries acquired through over 25 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, 2015, Ballester Hermanos had approximately $104 million in assets and annual revenues of approximately $288 million. Mr. Ballester is familiar with the challenges faced by family-owned businesses, which constitute an important market segment for the Corporation’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 36% of the firm’s revenues. As a director of Government Development Bank for Puerto Rico and member of its audit and investment committees during 2009, Mr. Ballester 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.

John Diercksen

Mr. John W. Diercksen is an Independent Director of Popular, Inc. 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. Executive Vice President of Verizon Communications, Inc. from January 2013 to September 2013. Executive Vice President – Strategy, Development and Planning of Verizon Communications, Inc. from June 2003 to December 2012. Director of Harman International Industries, Incorporated, an audio and infotainment equipment company, since June 2013 and of Intelsat, S.A., a communications satellite services provider, since September 2013.

Maria Ferre

Ms. Maria Luisa Ferre is an Independent Director of Popular, Inc. Ms. Ferre President and Chief Executive Officer of Grupo Ferré Rangel, a diversified family holding company with leading operations in media, real estate, health services, telemarketing and distribution in Puerto Rico, the United States and Chile, since 1999. President and CEO FRG, Inc., the holding company for GFR Media, LLC, the entity that publishes El Nuevo Día, Primera Hora and Indice, Puerto Rico newspapers, 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 and Indice since 2012. President and Trustee of the Luis A. Ferré Foundation since 2003. Trustee and Vice President of the Ferré Rangel Foundation since 1999.

David Goel

Mr. David E. Goel is an Independent Director of Popular, Inc. He is Co-Founder and Managing General Partner of Matrix Capital Management Company, LP since 1999. Member of the Board of Directors of Univision Communications, Inc., a privately held media company, since January 2014 and of Adaptive Biotechnologies, Inc., a privately held company specializing in T-cell sequencing and immunotherapy since August 2016. Trustee of Philips Exeter Academy since 2013, of the Museum of Fine Arts, Boston, since 2010 and of The Winsor School, in Boston, Massachusetts, since April 2016.

C. Kim Goodwin

Ms. C. Kim Goodwin is an Independent Director of Popular, Inc. Ms. Goodwin is a Private investor since 2008. Non-executive director of PineBridge Investments, LLC, a global asset management boutique with over $82.71 billion in assets under management, since May 2011, and Chair of its Audit Committee. Director of Akamai Technologies, Inc., a technology and Internet corporation, from October 2008 to May 2013, and prior to that from January 2004 to November 2006, and member of the Audit Committee from 2004 to 2006 and from 2008 to 2011. Trustee-Director of various equity funds within the Allianz Global Investors family of funds from June 2010 to October 2014.

Carlos Unanue

Mr. Carlos A. Unanue is an Independent Director of Popular, Inc. Mr. Unanue is a President of Goya de Puerto Rico, Inc. since 2003 and of Goya Santo Domingo, S.A. since 1994, food processors and distributors. Mr. Unanue has 29 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 the Corporation’s two main markets, Puerto Rico and the United States.

Brett Scheiner