An announcement from Popular ( (BPOP) ) is now available.
Ignacio Alvarez announced his retirement as CEO of Popular, Inc., effective June 30, 2025, after serving since 2017. He will be succeeded by Javier D. Ferrer, who has been with Popular since 2014 and currently serves as President and COO. Alvarez will provide consulting services for six months post-retirement to ensure a smooth transition. The Board of Directors also announced the retirement of John W. Diercksen from the Board, reducing its size from thirteen to eleven members. These leadership changes are expected to maintain Popular’s strategic direction and operational stability, benefiting stakeholders and ensuring continued success.
More about Popular
Popular, Inc. is the leading financial institution in Puerto Rico, providing retail, mortgage, and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands. It also offers auto and equipment leasing and financing, broker-dealer, and insurance services through specialized subsidiaries. In the mainland United States, Popular operates through its New York-chartered banking subsidiary, Popular Bank, with branches in New York, New Jersey, and Florida.
YTD Price Performance: 8.16%
Average Trading Volume: 474,633
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.15B
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