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Changes in Puerto Rico governor’s cabinet announced

By on July 31, 2018

(CyberNews photo)

SAN JUAN – Gov. Ricardo Rosselló Nevares announced Tuesday that Treasury Secretary Raúl Maldonado is now his new chief of staff and continues as the government’s chief financial officer.

Teresita Fuentes was appointed to replace Fiscal Agency and Financial Advisory Authority as the Treasury head. Fuentes, a CPA, was deputy Treasury secretary from 1992 to 1996. “Additionally, she was a partner of the renowned firm Ernst & Young and, since April 2017, she collaborates as a senior advisor to the Puerto Rico Department of the Treasury,” a release issued by the governor’s office, La Fortaleza, added.

Meanwhile, Trade & Export Co. Director Ricardo Llerandi is now the deputy chief of staff, at La Fortaleza, which said he “studied law at Interamerican University of Puerto Rico and was a legislative adviser and was subsequently elected by District 14 to the Puerto Rico House of Representatives.”

Rosselló also appointed Gerardo Portela, the director of the Fiscal Agency and Financial Advisory Authority (FAFAA), as investment officer. “Portela comes from the financial sector, standing out for his work in recognized brokerage firms,” the release adds.

Replacing Portela at FAFAA is Christian Sobrino, an economic and fiscal adviser to the governor and his representative to the island’s Financial Oversight and Management Board, as well as president of the Government Development Bank for Puerto Rico.

“My thanks to this great team for their commitment and availability to serve the People of Puerto Rico. With this new government structure, we will strengthen the firm pace of the fiscal and economic recovery and guarantee a better service to the citizenry and quality of life for our People,” Rosselló said.

Maldonado had served as Treasury secretary since his appointment in 2016. During the 1990s, he was assistant secretary of Internal Revenue at Treasury, and “has extensive experience in the private sector in firms such as Ernst & Young and Price Waterhouse, becoming a senior manager in charge of the Tax Department,” according to La Fortaleza.

The governor made the appointments public at La Fortaleza, alongside Glorimar Ripoll, government chief innovation officer, and María Palou, infrastructure adviser to the governor: “key officials in the recovery of the Island after the onslaught of Hurricane Maria,” the release reads.

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