Popular Announces Retirement of Chief Financial Officer, Carlos J. Vázquez, and names Jorge J. García as Successor

Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that Carlos J. Vázquez will retire effective March 31, 2024 after serving as Chief Financial Officer (“CFO”) since 2013, and in other senior leadership positions since joining Popular in 1997. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer.

“Carlos has been an important contributor to our financial success,” said President and Chief Executive Officer Ignacio Alvarez. “On behalf of everyone at Popular, I would like to express our appreciation for Carlos’ more than 25 years of service, from his steady leadership during times of economic challenges through to our solid business and financial performance today. On a personal note, I am grateful to Carlos for his partnership and his friendship throughout the years.”

“Jorge has worked alongside Carlos for many years to build a strong finance team and has been instrumental in creating a culture of collaboration to advance our strategic priorities,” Mr. Alvarez continued. “I look forward to working with Jorge as part of our senior leadership team to continue positioning Popular for sustainable and profitable growth.”

“Popular will be well served by Jorge as CFO, anchored in his deep understanding and appreciation for our business,” said Mr. Vázquez. “He is a committed leader with great character and the highest competence, that will continue to contribute to our Corporation’s success for years to come.”

Mr. García joined Popular in 2005. Before being promoted to his current role as Corporate Comptroller and Chief Accounting Officer, Mr. García served as Senior Vice President and Director of Finance and Accounting of Popular Bank, the Corporation’s banking subsidiary in the mainland United States. Mr. García holds a B.B.A. in Accounting from the University of Iowa.

Popular also announced the appointment of Ms. Denissa M. Rodríguez Adorno as Corporate Comptroller and Chief Accounting Officer to succeed Mr. García. In this role, Ms. Rodríguez Adorno will report to Mr. García. Ms. Rodríguez Adorno has served since 2018 as Senior Vice President and General Auditor of the Corporation. Prior to joining the Corporation, Ms. Rodríguez Adorno worked at PricewaterhouseCoopers LLP for more than a decade in various roles. She holds a B.B.A. in Accounting and Finance from the University of Puerto Rico and is a Certified Public Accountant.