SANTO DOMINGO. - Grupo Popular announced organizational changes that renew its governance and executive structure to consolidate its leadership as one of the most relevant economic groups in the country and the expansion of its strategic plans in local and regional markets, diversifying its business portfolio.
These moves underscore the natural succession within the organization and highlight the experience and track record of its leadership team, its ability to execute the strategic vision and to give continuity to its fundamental values and principles, thereby ensuring the sustainable growth of the institution and generating more value for its shareholders and society.
The organizational changes were approved at the joint session of the Boards of Directors of Grupo Popular and its main subsidiary, Banco Popular Dominicano, held on Thursday, February 20, and will be ratified by the shareholders' meetings of both entities in the coming weeks.
Christopher Paniagua, Manuel A. Grullón, Manuel E. Jiménez F. and René Grullón F. (EXTERNAL SOURCE).
Renewed leadership for a new stage of growth
After more than 44 years as an advisor, of which he has served 5 years as Chairman of the Board of Directors of Banco Popular Dominicano and 37 years as Vice Chairman of the Board of Directors of Grupo Popular, Marino D. Espinal becomes an Emeritus Advisor of both bodies, in recognition of his leadership and contributions to the growth of the financial organization.
Manuel E. Jiménez F. , with nearly six decades of experience in the organization, is retiring from his executive duties and has been appointed as the new Chairman of the Board of Directors of Banco Popular Dominicano, after serving as CEO of Grupo Popular since May 2019.
René Grullón F. , after a distinguished career of more than 30 years in the institution, and after serving as senior executive vice president of National and International Businesses of Banco Popular Dominicano, now assumes the Executive Presidency of Grupo Popular, whose Board of Directors is chaired by Manuel A. Grullón.
Luis E. Espínola , who has 39 years of experience in the organization, is now moving from the Executive Vice Presidency of Corporate and Investment Businesses to the Senior Executive Vice Presidency of National and International Businesses of Banco Popular Dominicano, reporting to the CEO of Banco Popular Dominicano, Christopher Paniagua.
Robinson Bou , current Vice President of Corporate Business Area at Banco Popular Dominicano, with a 23-year career in the organization, is appointed as Executive Vice President of Business and Investment.
This natural succession guarantees the stability and continuity of the Popular Group, with experienced figures whose extensive track record has already been key to the organization's success.
Changes aligned with the long-term strategy
With this new executive and governance structure, Grupo Popular is leading the change and reaffirming its role as the Dominican Republic's leading economic and financial group. In a constantly evolving market, these changes ensure the continuity of management aligned with excellence, digital transformation, and sustainable growth, and enable the group to continue identifying new business opportunities, both locally and internationally.
This diversification and growth strategy is primarily driven by the talent and commitment of a team whose experience, adaptability, and dedication to service have been fundamental to its success.
The new appointments will allow us to continue promoting the implementation of key strategic plans, aligned with the priority sectors of the Dominican economy, thereby contributing to the country's development goals.
