Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2018-03-21 | Alejandro M. Ballester Director since 2010 Age 51 Committees Audit Corporate Governance & Nominating (Chair) |
| 2019-03-20 | Alejandro M. Ballester Director since 2010 Age 52 Committees • Audit • Corporate Governance & Nominating (Chair) 2018 NON-EMPLOYEE DIRECTOR SUMMARY COMPENSATION TABLE Alejandro M. Ballester 60,000 100,000 — — — — 160,000 |
| 2020-03-31 | ALEJANDRO M. BALLESTER President, Ballester Hermanos, Inc. Independent DIRECTOR SINCE 2010 AGE 53 Committees: Corporate Governance & Nominating (Chair) Audit 2019 total compensation: $216,355. |
| 2021-03-25 | The “Class 1” nominees for election as director at the 2021 Annual Meeting of Shareholders are: Alejandro M. Ballester, Richard L. Carrión and Carlos A. Unanue. Refer to the “Nominees for Election as Directors and Other Directors” section of this Proxy Statement for information on each director’s experience and qualifications. Committees Corporate Governance & Nominating (Chair) Audit 2020 Non-Employee Director Summary Compensation Table Alejandro M. Ballester Fees Earned or Paid in Cash ($): 90,000 Stock Awards ($): 131,314 Total ($): 221,314 |
| 2022-03-30 | Alejandro M. Ballester President, Ballester Hermanos, Inc. Independent Director Since 2010 Age 55 Committees Corporate Governance & Nominating (Chair) Audit 2021 Non-Employee Director Summary Compensation Table Alejandro M. Ballester $90,000 Fees Earned or Paid in Cash $136,985 Stock Awards Total $226,985 |
| 2023-03-29 | Alejandro M. Ballester President of Ballester Hermanos, Inc. Independent Director Since 2010 Age 56 Committees: Corporate Governance & Nominating (Chair), Audit 2022 Non-Employee Director Summary Compensation Table: $238,559 total compensation. |
| 2024-03-27 | Alejandro M. Ballester President of Ballester Hermanos, Inc. Independent Director Since 2010 Age 57 Committees Talent and Compensation (Chair) Audit Corporate Governance and Nominating |
| 2025-03-25 | Mr. Ballester has a comprehensive understanding of Puerto Rico’s consumer products and distribution industries acquired through over 34 years of experience at Ballester Hermanos, Inc., a privately-owned business dedicated to the importation and distribution of grocery products, as well as beer, liquors and wine for the retail and food service trade in Puerto Rico, which also recently expanded its food service operations to Panama. As of December 31, 2024, Ballester Hermanos had approximately $225 million in assets and annual revenues of approximately $500 million. Mr. Ballester is familiar with the challenges faced by family-owned businesses, which constitute an important market segment for Popular’s commercial banking units. He has proven to be a successful entrepreneur establishing the food service division of Ballester Hermanos in 1999, which today accounts for 45% of the firm’s revenues. During 2009, he was a director of the Government Development Bank for Puerto Rico and member of its audit and investment committees where he obtained experience in overseeing a variety of fiscal issues related to various government agencies, instrumentalities and municipalities. The experience, skills and understanding of the Puerto Rico economy and government financial condition acquired by Mr. Ballester have been of great value to the Board. |
Data sourced from SEC filings. Last updated: 2025-08-30