PRESS RELEASE

The Puerto Rico Institute of Statistics has a new president of its Board of Directors

The Puerto Rico Statistics Institute (Institute) has a new president of its Board of Directors. The Board elected the economist and former university professor, Nicolás Muñoz, as president after the resignation on April 3 of Arnaldo Cruz, who had been president for the past three years. Muñoz, who served as vice-president of the Institute's Board, has a master's degree in economics from the University of Puerto Rico and is president of Tactical Planners, Inc., a firm dedicated to economic consulting and strategic planning. Muñoz has held other ad honorem positions in the government of Puerto Rico, including a member of the Governor's Council of Economists, president of the Workforce Investment Board (WIA), a member of the Governor's Committee for the review of the minimum wage in Puerto Rico and a member of the Employment Opportunity Promotion Board of the Department of Labor.

Board members do not earn compensation for their services. The Board is composed, in addition to Muñoz, of Dr. Idania Rodríguez Ayuso, vice-president, Mrs. Carola Ballester Descartes, secretary, Mr. Vicente Feliciano Pérez and the Hon. Manuel Laboy. This Board of Directors, as established in Act 209 of August 28, 2003, is the governing body that establishes the administrative policy of the institute, which is led by Dr. Orville M. Disdier.

Dr. Idania Rodríguez Ayuso has a master's degree in Epidemiology from the University of Puerto Rico and a doctorate in Public Health with a concentration in Epidemiology from Walden University. Rodríguez is also an independent consultant in epidemiology, statistics and research and a professor at Ana G. Méndez University. Mrs. Carola Ballester Descartes has a master's degree in Planning from the University of Puerto Rico, where she is also a professor and associate dean of the School of Architecture, and a master's degree in Landscape Architecture from the Polytechnic University of Puerto Rico.

On the other hand, Mr. Vicente Feliciano Pérez has a bachelor's degree in Economics from Harvard University and an MBA, IMD Business School in Switzerland. Feliciano is also founder and president of Advantage Business Consulting. The Hon. Manuel Laboy Rivera, who represents the government official in the Board as established by law, has a bachelor's degree in Chemical Engineering from the University of Puerto Rico and a master's degree from the University of Turabo. Laboy is the secretary of the Department of Economic Development and Commerce and executive director of the Puerto Rico Industrial Development Company.

As reported, the new members of the Board will concentrate their work on implementing the institute's Strategic Plan, which includes several goals, including: Develop an administrative structure that allows the proper functioning of internal processes, restructuring the statistical coordination committee so that it operates effectively and increases compliance with the law that governs the institute and establishes its mission, and improving the budget or capital by diversifying the institute's services and projects to obtain external income or funds non-governmental.

The Puerto Rico Statistics Institute is an autonomous governmental entity tasked with coordinating the government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and accessible quickly and universally.

To learn more about the Institute of Statistics, you can access the website: www.estadisticas.pr.gov. On social media through Facebook (@estadisticas .pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico) accounts.

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Contact: Idia M. Martínez, R‐28 787‐603‐3200

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