The Puerto Rico Electric Power Authority board of directors named Javier Quintana Mendez as its new executive director.
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Quintana Mendez will assume the role on Aug. 3, the authority said in a press release Tuesday.
Quintana Mendez has been serving as the vice-chair of the PREPA Board of Directors for almost two years and has an extensive energy background, the authority said.
PREPA, which has been operating under a forbearance agreement with its creditors since August, has about $8.3 billion in bond debt and $700 million in bank debt, according to PREPA chief restructuring officer Lisa Donahue.
The former executive director, Juan Alicea Flores, left PREPA's employment on June 23.
