Triple-S Management Corporation announced the appointment of Roberto García-Rodríguez, the company's Chief Operating Officer as successor to the office of President and Chief Executive Officer of the company, effective January 1, 2016. Mr. García-Rodríguez's compensation as President and Chief Executive Officer of the company will be determined at a later date. Pursuant to the company's articles of incorporation, Mr. García-Rodríguez will also be a director of the company by virtue of being the company's President and Chief Executive Officer.

His term as a director will begin on January 1, 2016, upon the effectiveness of his designation as President and Chief Executive Officer. Mr. García-Rodríguez will not receive any additional compensation for serving as a director and is not expected to be a member of any board committee. On May 18, 2015, company announced that Ramón M. Ruiz-Comas, the President and Chief Executive Officer and a member of its Board of Directors, will be retiring effective January 1, 2016.