San Juan, PR – January 18, 2024 – The Financial Oversight and Management Board for Puerto Rico welcomes the announcement by President Biden of his intention to appoint Juan A. Sabater as a member of the Oversight Board. Sabater is a Partner and Co-President of Valor Equity Partners.
“I look forward to working with Juan Sabater on our core mission to restore opportunity in Puerto Rico,” said the Oversight Board’s Chair David Skeel. “I am honored to welcome a member with such an impressive background and experience in areas that are essential to Puerto Rico’s future. The Oversight Board has almost completed the debt restructuring and has stabilized Puerto Rico’s finances. Fulfilling PROMESA’s mandate to achieve fiscal responsibility now depends to a large degree on a growing economy. That is our focus, and investing in economic growth has been Juan Sabater’s professional focus.”
For the White House announcement, please visit: https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/18/president-biden-announces-key-appointments-to-boards-and-commissions-32/