Triple-S Management Corporation announced several changes within its executive staff. With the retirement of Ramon Ruiz-Comas, which was initially disclosed in mid-May, Mr. Roberto Garcia-Rodriguez has assumed the role of chief executive officer. Mr. Garcia-Rodriguez joined Triple-S in 2008 and has held positions of increasing responsibility and scope, including General Counsel, Corporate Secretary, and Chief Operating Officer.

As COO, he reported directly to Mr. Ruiz-Comas, overseeing all operational matters and spearheading the company's ongoing, multi-year strategic transformation. As part of this transformation, effective January 11, 2016: Madeline Hernandez-Urquiza, who as president of the company's Medicare Advantage operating subsidiary has been instrumental in the successful reorganization of that business, will preside over the company's two managed care units, with responsibility for the Medicare Advantage, Commercial, and Medicaid businesses. Ms. Hernandez-Urquiza has held numerous positions in finance and operations at Triple-S, including Chief Risk Officer for the Commercial and Medicaid businesses as well as Executive Vice President and Vice President of Finance for the Medicaid business, over a 12 year span.

She also held several leadership positions, including President and Chief Operating Officer, at a major competitor in the Puerto Rico managed care segment over a five-year period. With this appointment, the company aims to further advance common strategies, improve operational efficiencies, and attain functional excellence within this market segment. Pablo Almodovar, who currently heads the Commercial and Medicaid businesses, will be leaving the company to pursue other opportunities.

Juan Jose Roman-Jimenez will rejoin the company as Chief Financial Officer. Mr. Roman-Jimenez was the company's Chief Financial Officer for close to a decade. He was part of the team that engineered Triple-S' transition from a non-profit entity to a for-profit corporation, the company's initial public offering, and three key acquisitions.

He left Triple-S in July 2011 to help take EVERTEC Inc. public in April 2013. The company's current CFO, Amilcar Jordan, will be leaving the company to pursue other opportunities. Finally, Carlos L. Rodriguez Ramos, who has been serving as General Counsel on an interim basis since December 2013, will permanently fill this position.