First BanCorp in San Juan, Puerto Rico, has created a new position to oversee strategic decisions.

The company said in a press release Wednesday that it had hired Donald Kafka as its chief operating officer.

Kafka “has a deep understanding and appreciation of our community’s history and the needs of the people who live here," Aurelio Alemán, First BanCorp’s president and chief executive, said in the release. "He also has broad industry knowledge and experience, having spent over 30 years in the banking industry, and, in his previous roles, has successfully executed strategies to drive organic growth while improving margins and capital efficiency."

Kafka previously served as general manager of international operations at Banesco International in Florida.


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