Popular (BPOP) Announces CEO Retirement

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Go back to Popular (BPOP) Announces CEO Retirement

Popular Announces Chief Executive Officer Ignacio Alvarez Will Retire on June 30, 2025; Board Appoints President & COO Javier D. Ferrer to Become Popular’s Next CEO

February 27, 2025 8:00 AM EST

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (Popular or the Corporation) (NASDAQ: BPOP) announced today that Ignacio Alvarez will retire effective June 30, 2025 after serving as Chief Executive Officer (CEO) since 2017. He will be succeeded by Javier D. Ferrer, currently President and Chief Operating Officer (COO).

Richard L. Carrión, Chairman of Populars Board of Directors, said, The Board would like to thank Ignacio for his important contributions over the past 15 years. He joined Popular in 2010, when I was CEO, at a very challenging time for our organization and the financial industry. His counsel and... More