First BanCorp COO Donald Kafka to retire; Juan Carlos Pavía named successor effective August 1, 2025

FIRST BANCORP /PR/

Donald Kafka, EVP and COO, will retire effective September 15, 2025, as part of a strategic reorganization.
Juan Carlos Pavía, EVP and Chief Credit Officer, promoted to COO effective August 1, 2025.
Pavía will oversee Banking Operations, IT, Real Estate, new Business Transformation Unit; will also retain oversight of Credit Risk and Credit Administration.
Kafka will remain with the Corporation through September 15 to assist with transition.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Juan Carlos Pavía

Chief Operating Officer

FBP · FIRST BANCORP /PR/

Effective: 2025-08-01
Filed: June 16, 2025, 7:59 PM ET

Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025.

Departed

Donald Kafka

Executive Vice President and Chief Operating Officer

FBP · FIRST BANCORP /PR/

Effective: 2025-09-15
Successor: Juan Carlos Pavía
Filed: June 16, 2025, 7:59 PM ET

Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (“COO”), will retire from his position at the Corporation effective September 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Juan Carlos Pavía changed role as Chief Operating Officer at FIRST BANCORP /PR/.

Action: succeed
Role: Chief Operating Officer

Exact text from the filing

Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald Kafka departed as Executive Vice President and Chief Operating Officer at FIRST BANCORP /PR/.

Action: retire
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (“COO”), will retire from his position at the Corporation effective September 15, 2025.

View on SEC.gov

FIRST BANCORP /PR/ filing history →

Source: SEC EDGAR

accession 0001140361-25-022678

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