Prior to assuming his current position in July 2017, he served as chairman and chief executive officer of Popular, Inc. for over 20 years.
[5] While at the helm of Popular, Inc., Carrión led the way in bringing technology innovation to banking in Puerto Rico, U.S. Virgin Islands and several countries in Latin America.
Carrión's vision brought the first network of ATMs to Puerto Rico and many other Latin American countries.
He also spearheaded the successful migration from paper to electronic transactions and the establishment of the largest data processing center in the Caribbean, a regional leader in information technology.
For almost three decades Mr. Carrión has divided his time between Popular and philanthropy, placing particular emphasis on education and sports.
He is the founder and trustee of the Banco Popular Foundation; which, among other charities, has donated scholarships to over 1,000 students through the Rafael Carrión, Jr.
Mr. Carrión led the negotiation team for the U.S. broadcast of the 2010 and 2012 Olympic Games – generating $2 billion in revenue – and was elected to the IOC executive board in 2004.