Popular, Inc. (NASDAQ: BPOP) announced that President and Chief Executive Officer Javier D. Ferrer will retire effective August 31, 2026, after joining the company in 2014.

Jorge J. García, currently Executive Vice President and Chief Financial Officer, will succeed Ferrer as President and CEO and will join the Board of Directors, effective September 1, 2026. García has served in various leadership roles at Popular since 2005, including as Corporate Comptroller and Chief Accounting Officer from 2012 to 2024, before being named CFO in April 2024. He holds a B.B.A. in Accounting from the University of Iowa.

Lidio V. Soriano, who has served as Executive Vice President and Chief Risk Officer since 2011, will move into the CFO role. Luis F. Sousa, currently Senior Vice President and head of the Credit Risk Management Division, will be named Executive Vice President and Chief Risk Officer. Both appointments are effective September 1, 2026.

Richard L. Carrión, Chairman of Popular's Board of Directors, said the transitions reflect "a thoughtful succession plan developed by the Board" and cited the depth of experience among the incoming executives.

Soriano holds a B.Sc. in Computer Engineering from Cornell University and an M.B.A. from Tulane University. Sousa, who has led the Credit Risk Management Division since 2019, holds a B.B.A. in Accounting from the University of Puerto Rico and has more than 20 years of experience in the financial industry.

Popular, Inc. is headquartered in San Juan, Puerto Rico, and operates primarily through Banco Popular de Puerto Rico, offering retail, mortgage, and commercial banking services in Puerto Rico and the U.S. Virgin Islands. The company also operates Popular Bank in the mainland United States, with branches in New York, New Jersey, and Florida.