Popular Inc., a financial institution in Puerto Rico, appointed Javier D. Ferrer as president in addition to his current role as COO. He will report directly to Ignacio Alvarez, CEO of Popular, according to a press release.

In this role, Ferrer will oversee all business in Puerto Rico, mainland U.S. and the Virgin Islands. Prior to joining Popular, Ferrer was a founding partner of Pietrantoni Mendez & Alvarez LLC.

"Since joining Popular ten years ago, Javier has excelled in each position he has held, embracing growing responsibilities, contributing to the definition and implementation of our strategic initiatives, and demonstrating exemplary leadership," Alvarez said in the release. "He has also been instrumental in the execution of our Transformation, which will continue to be a priority for our organization. I look forward to continue working closely with him during this exciting time for Popular."

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