Manufacturing leader becomes president of Economic Development Bank

By John McPhaul

The Puerto Rico Economic Development Bank (BDE by its Spanish initials) board of directors approved on Saturday the appointment by Gov. Pedro Pierluisi Urrutia of Luis Alemañy as BDE president.

Alemañy has diverse professional experience and it is the first time that a manufacturer has occupied the executive chair of the BDE, according to a press release.

Alemañy has more than 20 years of experience in operational management, manufacturing, administration and finance matters in companies such as American Tools, Toshiba, Baxter Healthcare, 3M Caribbean and Pepsi, where he worked as general manager and director of finance and operations.

In 2019, the businessman became the president and founder of SJT Manufacturing, a company focused on the manufacturing and distribution of precision metal parts to global multinational companies.

Alemañy also participates as a member of the Puerto Rico Convention Center District Authority board of directors, where he is part of the decision-making and development of projects for the improvement of the Urban Bay, the Puerto Rico Coliseum and the Conventions District.

Alemañy holds a master’s degree in industrial management from Inter-American University of Puerto Rico, along with a master’s degree from Babson College in entrepreneurship and business. He earned a bachelor’s degree in finance with honors from the University of Puerto Rico.

The nine-member BDE board of directors is chaired by Fiscal Agency and Financial Advisory Authority Executive Director Omar Marrero.

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