The organization recognizes Manuel A. Grullón as President Ad Vitam, within the framework of a leadership transition
SANTO DOMINGO. – Grupo Popular announced the appointment of Manuel Grullón Hernández as Chairman of its Board of Directors, while Manuel A. Grullón was named Chairman Ad Vitam of the company, in recognition of his career and contributions to the development of the financial organization.
The appointments were approved during the Extraordinary-Ordinary General Meeting of Shareholders, held on October 23, 2026 at the Torre Popular, as part of a leadership transition aimed at ensuring the continuity of the business strategy, promoting sustainable growth and maintaining the institution's contributions to the development of the Dominican Republic.
Manuel A. Grullón will remain linked to the organization
With his appointment as Chairman Ad Vitam, Manuel A. Grullón will remain a member of the boards of directors of Grupo Popular and Banco Popular Dominicano, from where he will continue to contribute his experience, business knowledge and strategic guidance, according to the press release.
He adds that this new stage will also allow the businessman to dedicate more attention to the philanthropic initiatives promoted by the business group and its subsidiaries, particularly in the areas of education, health and the environment, among others.
Grullón assumed the presidency of Banco Popular Dominicano in 1990 and later headed the parent company, developing a career linked to the growth and institutional strengthening of the organization.
Grullón Hernández will assume new responsibilities
For his part, Manuel Grullón Hernández, who was already part of the Board of Directors as a director, will assume the responsibilities corresponding to the presidency of that corporate governance body.
At the same time, he will maintain his role as Vice President of the Board of Directors of Banco Popular Dominicano and will continue to participate in the various councils, boards of directors and committees in which he has responsibilities.
The executive has over two decades of business experience in the financial technology sector, known as fintech, and has distinguished himself by promoting innovation and financial inclusion. His career includes the development of startups and projects related to mobile payments and technological solutions for financial services.
According to the entity, his business experience and participation in corporate governance bodies support the leadership of the group's next institutional stage.
Transition to ensure institutional continuity
Banco Popular states that the changes approved by shareholders seek to combine the experience accumulated by the organization with a new stage of leadership, preserving its strategic vision and its business management model.
The transition is being carried out in accordance with the institution's corporate governance mechanisms, from a position that the entity describes as one of financial strength and institutional stability.
Consolidated assets exceed one trillion pesos
In the financial sector, Grupo Popular reported that between June 1, 2019 and June 30, 2026 it registered significant growth in its main management indicators.
During that period, its consolidated assets more than doubled, exceeding one trillion Dominican pesos, while consolidated equity increased approximately three times, reaching RD$223,899 million.
Furthermore, the organization estimated that the financial results corresponding to the end of 2026 would reach figures close to three times those recorded in 2019.
The entity attributed these results to management based on financial prudence, accompanied by a strategy focused on innovation, diversification of its businesses, excellence in services and the incorporation of sustainability criteria.
Recommended readings:
