StockWatch
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Major Banks
Management ChangeApr 8, 2026, 08:41 AM

Popular, Inc. Appoints Manuel Chinea as Chief Experience and Administration Services Officer, Israel Velasco to Lead U.S. Operations

AI Summary

Popular, Inc. announced significant executive appointments, effective July 1, 2026, aimed at bolstering its corporate functions and U.S. banking operations. Manuel A. Chinea, previously Chief Operating Officer of Popular Bank since February 2013, has been promoted to Executive Vice President and Chief Experience and Administration Services Officer for the parent company. In this new role, Mr. Chinea will be responsible for critical areas including customer experience, human resources, corporate real estate, and marketing, signaling a strategic focus on these areas. Concurrently, Israel Velasco, who has led Popular Bank's Florida operations as Senior Vice President and Florida Region Executive since June 2005, will succeed Mr. Chinea as Executive Vice President and Head of U.S Operations of Popular Bank.

Key Highlights

  • Manuel A. Chinea has been appointed Executive Vice President and Chief Experience and Administration Services Officer of Popular, Inc., effective July 1, 2026.
  • In his new corporate role, Mr. Chinea will assume responsibility for customer experience, human resources, corporate real estate, and marketing functions.
  • Mr. Chinea previously served as Chief Operating Officer of Popular Bank, the Corporation’s U.S. banking subsidiary, since February 2013.
  • Israel Velasco has been appointed Executive Vice President and Head of U.S Operations of Popular Bank, succeeding Mr. Chinea, with his appointment also effective July 1, 2026.
  • Mr. Velasco has served as Senior Vice President and Florida Region Executive since June 2005, leading Popular Bank’s operations in the State of Florida.