Popular Appoints Two New Directors
January 26 2010 - 4:51PM
Business Wire
Popular, Inc. (Nasdaq:BPOP) announced today that Alejandro M.
Ballester and Carlos A. Unanue have been appointed to the Board of
Directors.
Ballester, 42, is President of Ballester Hermanos, a major food
and wine and spirits distributor in Puerto Rico founded in 1914.
Unanue, 46, is President of Goya of Puerto Rico, part of Goya
Foods, the largest Hispanic-owned food company in the United
States, founded in 1936.
Ballester has served as President of Ballester Hermanos since
2007, having first joined Ballester Hermanos in 1990. Unanue has
held his current position of President of Goya of Puerto Rico since
2003. Unanue first joined the Goya organization in 1986.
Ballester and Unanue replace retiring directors Juan J. Bermúdez
and Francisco M. Rexach, who had agreed to extend their respective
terms until a suitable replacement had been found. Both Bermúdez
and Rexach have served the Board over two decades and are past the
age of 72.
“I am immensely grateful to Juan J. Bermúdez and Francisco
Rexach for their guidance and support for more than twenty years of
service to Popular,” said Richard L. Carrión, Chairman and Chief
Executive Officer of Popular. “Our newly appointed directors are
accomplished business leaders who will add great value and
diversity to our Board. Their experience, intuition and commitment
will help guide Popular effectively through this difficult economic
period in the U.S. and Puerto Rico.”
Ballester and Unanue will each stand for election at the 2010
Annual Shareholders Meeting as Class 1 Directors with terms
expiring in 2012.
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