Grupo Popular S.A. and Banco Popular Dominicano, C. por A.- Banco Multiple, its main affiliate, has changed their organizational structure in order to strengthen its strategy and keep customers as the center of their business activities and services, both local and international.
Mr. Manuel A. Grullón, Executive Chairman of Grupo Popular announced that the Board of Directors approved such modifications during a meeting yesterday, with the objective of strengthening the structure and its corporate governance, as well as align the skills and experiences of human resources to successfully contribute to retail, SME, corporate and institutional growth.
The bank’s chairman emphasized that these new changes will encourage synergies development between the areas and their respective collaborators, moving the institution towards a growth-based strategic agenda that can adapt to the ongoing challenges of the financial industry including local and global markets.
Mr. Grullón informed, that Grupo Popular, S. A. appoints Mr. Manuel E. Jimenez F. as Administrative Senior Executive Vice President, responsible for consolidating the administrative responsibilities from the parent company and its affiliates both local and international, as well as investors and institutional relations, and corporate communication strategies adopting an integrated relations perspective.
He stated that below Mr. Jimenez will report Mr. José Mármol , Executive Vice President of Public Relations and Communications. He also designated Mr. Rafael A. G. Del Toro as Executive Vice President of Internal Management and Compliance. In addition, Eduardo Grullón AFP Popular’s president, and Mr. A. Alejandro Santelises President of the Board of Popular Bank of Panama, and chairman of the Board of Directors of BPD Bank in New York.
He also expressed that for, Banco Popular Dominicano, the chairman Mr. Manuel A. Grullón has assigned three Senior Executive Vice Presidents, which include Finance, Technology and Operations, under whose responsibility has been appointed Mr. Ignacio J. Guerra, accountable for financial, technological and operational responsibilities including accounting controls and strategic planning. Mr. Juan Lehoux, Executive Vice President of Technology and Operations will report directly to him.
The Banks chairman also explained the creation of the Corporate Senior Executive Vice Presidency, appointed to Mr. Christopher Paniagua, responsible for consolidating the bank’s business structures, including treasury and capital markets and the customer service portfolio in different segments. Mr. René Grullón F has been appointed Executive Vice President of Corporate, Entrepreneurial and International Businesses reporting directly to Mr. Paniagua. Mr. Fernando Olivero Melo has been appointed as Executive Vice President of Retail Banking and Branches also reporting directly to Mr. Paniagua.
In addition he emphasized the creation of the Senior Executive Vice President of Risk Management, Security and Human Resources, assigned to Mr. Alex Pimentel M. He will be responsible for strategically aligning the institution’s workforce, quality management processes, risk and credit management and security. Also, help promote a value-based culture and a quality customer service philosophy. Mrs. Antonia Anton Hernandez has been designated Executive Vice President of Human Resources and Quality Management .
Likewise, the Board of Directors appointed Mr. Miguel Angel Rodríguez T., as the Bank’s General Auditor.
Manuel A. Grullon, CEO of Grupo Popular and president of Banco Popular Dominicano, expressed satisfaction with the new changes which will result in greater flexibility against market movements and financial customer needs, as well as moving towards an organizational model driven by strategic decisions, a common corporate characteristic among leading companies in the world.