Banking exec Carrión running for president of IOC

Banking CEO Carrión running for president of the International Olympic Committee

Associated Press

SAN JUAN, Puerto Rico (AP) -- The chairman and CEO of the bank holding company Popular is looking to become president of the International Olympic Committee.

Richard L. Carrión, who also serves as president of Popular Inc., will continue in his roles at the company in the months leading up to the IOC election on Sept. 10. He's been a member of the IOC since 1990.

Popular, which runs Banco Popular and other banks in Puerto Rico and the U.S., said Wednesday that if Carrión is elected he will continue as chairman and it will name a new president and CEO.

Popular's lead director William Teuber said in a statement that the company has known that Carrión might run for the IOC post for more than a year, and that it has planned accordingly. Popular has several strong internal candidates and would consider external candidates as well if Carrión is elected, Teuber added.

Shares of Popular added 22 cents to $30.81 in morning trading.

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