Richard L. Carrión is chairman and chief executive officer of Banco Popular de Puerto Rico and chairman, president and chief executive officer of Popular, Inc., Banco Popular's holding company. Mr. Carrión joined Banco Popular in 1976. Among his other activities, he oversaw the implementation of the ATM system throughout the branch network in Puerto Rico and the United States, and the implementation of numerous electronic services to facilitate banking transactions. Mr. Carrión is president of Banco Popular Foundation and a member of the board of Verizon Communications. He has been a member of the International Olympic Committee (IOC) since 1990 and currently chairs the Finance Commission and was elected to the IOC Executive Board in 2004. He previously served as a Class A director of the Federal Reserve Bank of New York for the year 1999. Mr. Carrión was born in San Juan, Puerto Rico. He received a B.A. from the Wharton School of Finance and Commerce in 1975 and an M.S. in management information systems from the Massachusetts Institute of Technology in 1976.