# Richard Carrión

> Richard L. Carrión is the non-executive chairman of Popular, Inc., a former banking chief executive and a member of the International Olympic Committee since 1990. His career connects Puerto Rico’s electronic banking development with Olympic broadcast negotiations, basketball administration and Popular’s annual musical productions supporting music education.

- **Role:** Non-executive Chairman of the Board at Popular, Inc.
- **Organizations:** Popular, Inc., Banco Popular de Puerto Rico, Popular Bank, International Olympic Committee, Olympic Channel Services S.A., FIBA, J.C. Flowers & Co., RCA3 Investments, LLC, Fundación Banco Popular, Insigneo Financial Group
- **From:** San Juan, Puerto Rico
- **Nationality:** American (Puerto Rican)
- **Education:** Bachelor of Science in Economics, Wharton School, University of Pennsylvania, Master of Science in Management Information Systems, MIT Sloan School of Management
- **Known for:** Helped introduce Puerto Rico’s first ATM network and advance the move to electronic banking., Helped negotiate NBC’s $4.38 billion US broadcasting agreement for four Olympic Games, 2014-2020., Helped establish the annual Popular musical-special tradition in 1993.

## Career timeline

- **1974** — Graduated from the Wharton School.
- **1976** — Completed a master’s degree at MIT and joined Banco Popular.
- **1985** — Became president of Banco Popular de Puerto Rico.
- **1989** — Became CEO of Banco Popular de Puerto Rico.
- **1990** — Joined the International Olympic Committee.
- **1993** — Became chairman of Popular; commissioned its centennial musical special.
- **1994** — Became CEO of Popular, Inc., according to the company’s proxy biography.
- **2002-2014** — Chaired the IOC Finance Commission, according to the IOC’s current member biography.
- **2004-2012** — Served on the IOC Executive Board.
- **2008-2015** — Served as a director of the Federal Reserve Bank of New York.
- **2011** — Helped negotiate NBC’s $4.38 billion US rights agreement for the 2014-2020 Olympics.
- **2013** — Finished second to Thomas Bach in the IOC presidential election, receiving 29 votes in the deciding round.
- **2017** — Left Popular’s CEO role, became executive chairman and founded RCA3 Investments.
- **2019** — Became non-executive chairman of Popular effective July 1; ended service on Verizon’s board.
- **2022** — Began chairing the board of Olympic Channel Services S.A., according to the IOC.
- **2023** — Chaired the board of the FIBA Basketball World Cup hosted by the Philippines, Japan and Indonesia.
- **2026** — Continued as Popular chairman during the announced transition to CEO Jorge J. García.

## Achievements

- Helped introduce Puerto Rico’s first ATM network and advance the move to electronic banking.
- Helped negotiate NBC’s $4.38 billion US broadcasting agreement for four Olympic Games, 2014-2020.
- Helped establish the annual Popular musical-special tradition in 1993.
- Founding member and trustee of the Banco Popular Foundation.
- Chaired the board of the three-country 2023 FIBA Basketball World Cup.

## Latest updates

- **2026-07** — As Popular chairman, commented on the announcement that Jorge J. García would succeed Javier D. Ferrer as president and CEO, effective after Ferrer’s August 31 retirement.
- **2026-06** — Spoke at the Caribbean Business Summit about leadership, Puerto Rican entrepreneurship, infrastructure and investment.

## Links

- Website: https://popularbank.com
- LinkedIn: https://www.linkedin.com/in/richard-carri%C3%B3n-a3744611

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Profile page: https://yespress.io/richard-carrion
Published by YesPress — https://yespress.io
Last updated: 2026-10-22