Popular CEO Javier D. Ferrer to retire; Jorge J. García named successor

POPULAR, INC.

Javier D. Ferrer retires as President and CEO effective Aug 31, 2026; will serve as consultant for 12 months at $100k/month.
Jorge J. García, current EVP and CFO, appointed President and CEO effective Sept 1, 2026; also joins Board.
Lidio V. Soriano, EVP and CRO, appointed EVP and CFO; Luis F. Sousa appointed EVP and CRO, both effective Sept 1.
Ferrer receives prorated STI of $1.62M and $2.6M equity award with one-year vest; subject to non-compete and non-solicit.
Ferrer resigns from Board; García appointed to Board effective Sept 1.

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