Puerto Rico Treasury Chief Resigns to Move to Private Sector

Puerto Rico Treasury Secretary Francisco Pares Alicea will be stepping down Jan. 31 to pursue work in the private sector, Governor Pedro Pierluisi announced Friday.

• In a statement, Pares Alicea said “new opportunities for professional growth and important changes in my personal life have put me on a different path”
• Nelson Perez, the deputy treasury secretary, will assume the top job
• Pares Alicea was seen as one of the stronger members of Pierluisi’s cabinet and led an overhaul of the US territory’s tax-collection office that helped drive record contributions and speed up tax refunds
• The change comes as Pierluisi, with ...