---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-037646"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:52:09.543610+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Popular Inc. CEO Ignacio Alvarez to retire June 30, 2025; Javier Ferrer appointed successor from July 1

## Summary
- CEO Ignacio Alvarez retires effective June 30, 2025; will provide consulting for 6 months at $47k/month.
- Javier Ferrer, current President & COO, appointed President and CEO effective July 1, 2025.
- Ferrer's base salary set at $1.05M; eligible for 135% short-term cash incentive and 300% long-term equity.
- Board size reduced from 13 to 11 directors after Alvarez and Diercksen not standing for re-election at May 2025 annual meeting.

## SEC filing metadata
- accession: 0001193125-25-037646
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/0001193125-25-037646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/d886688d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-037646
- JSON: https://secwatch.observer/filing/0001193125-25-037646.json
- Plain text: https://secwatch.observer/filing/0001193125-25-037646.txt

## Key facts
- Executive change
  Ignacio Alvarez retired as Chief Executive Officer at POPULAR, INC..
  - Action: retired
  - Role: Chief Executive Officer
  source text: On February 25, 2025, Ignacio Alvarez announced his retirement as Chief Executive Officer (“CEO”) of Popular, Inc. (“Popular” or the “Corporation”), effective June 30, 2025 (the “Retirement Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/0001193125-25-037646-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.