Puerto Rico Governor-elect Pedro Pierluisi said Wednesday he would retain the current directors of the Treasury Department and Fiscal Agency and Financial Advisory Authority.
Omar Marrero will remain executive director of FAFAA. FAFAA oversees the debt of Puerto Rico’s central government and its authorities and debt restructuring.
Francisco Parés will remain secretary of the Treasury. In this role, he is in charge of central government revenue collection.
Both officials have held these positions under Gov. Wanda Vázquez Garced. Former Gov. Ricardo Rosselló appointed Parés and Marrero in July 2019.
Marrero has also been serving as the governor’s non-voting representative for the Puerto Rico Oversight Board. Pierluisi didn’t say whether Marrero would continue to serve in that role.
Also on Wednesday, Pierluisi said he would appoint Manuel Cidre as secretary of economic development and commerce.
Cidre started a Puerto Rico-based baked goods company in 1978. He has been president of the Product Association of Puerto Rico and the Industrial Association of Puerto Rico. He was founding president of the Alliance for the Development of Puerto Rico.
At least the Cidre and Parés appointments are subject to the Puerto Rico legislature's approval. Lawmakers will not take up the appointments until January.
Rosselló, Vázquez Garced and Pierluisi are members of the New Progressive Party, which supports statehood for Puerto Rico.
