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Puerto Rico fiscal board announces appointment of revitalization coordinator

By on July 24, 2017

SAN JUAN – The fiscal control board announced Monday its appointment of Noel Zamot as revitalization coordinator, under the federal Promesa law’s Title V.

According to the press release, Zamot is an expert in aerospace and defense infrastructure with more than 25 years of experience.

“He will be tasked with identifying, coordinating and accelerating the execution of critical infrastructure projects in Puerto Rico,” the statement reads.

Title V provides for a process of expedited permits, both locally and federal, for those infrastructure projects that are certified as critical by the board.

Promesa stipulates that the governor of Puerto Rico has the faculty to choose among three candidates suggested by the fiscal board. The statement does not disclose which two other candidates were submitted and merely stated that Gov. Ricardo Rosselló was consulted and agreed with the selection.

“We are convinced that Mr. Zamot will contribute to our economic development agenda and increase Puerto Rico’s competitiveness. With the formal designation of a revitalization coordinator, we want to take full advantage of the critical infrastructure program under Title V of Promesa in coordination with our infrastructure team,” the governor says in a release issued shortly after the board’s announcement.

Zamot replaces Aaron Bielenberg, who served in an interim capacity since being appointed by former Gov. Alejandro García Padilla.

Puerto Rico’s governor and fiscal board pushed to name revitalization coordinator

The statement indicates that Zamot worked for the U.S. Space Command at Peterson Air Force Base in Colorado, represented the United States as a senior representative to NATO and served as director at Wyle Aerospace Group. He also founded Corvus Analytics, a cybersecurity firm with clients in the aviation, robotics and critical infrastructure sectors.

Zamot’s academic background includes having earned a bachelor’s degree in aeronautical and aerospace engineering and a master’s of business administration from MIT; a master’s degree in national security strategy from the National Defense University in Washington, D.C .; a master’s degree in aerospace engineering from the University of Michigan; and a degree in management from the School of Business Administration for Graduates (ESAN) in Lima, Peru. Zamot is also a graduate of the FAEU Pilot School at Edwards Air Force Base in California.

Zamot said he felt honored “to serve and give back to Puerto Rico, my birthplace, and contribute to its success,” and emphasized the importance of economic investment in infrastructure investment.

“I look forward to working with government and the private sector to establish the conditions for future growth and to increase investment in our island,” the new revitalization coordinator added.

See his resume here.

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