Skeel Jr. named oversight board’s chairman
By John McPhaul
The Financial Oversight and Management Board for Puerto Rico on Tuesday appointed board member and professor of corporate law and bankruptcy, David Skeel Jr., as chairman of the board, effective immediately.
Skeel will replace outgoing board member José Carrión III whose tenure as chairman and Board member of the board ended Tuesday.
“I am grateful to have been appointed to this position and I continue the mission of the Financial Oversight Board for the benefit of the people of Puerto Rico,” Skeel said in a written statement.
The other three remaining members of the oversight board -- Arthur González, Ana Matosantos and Andrew Biggs -- voted unanimously in favor of Skeel’s appointment. Natalie Jaresko, the board’s executive director, did not vote.
Prior to Carrión’s departure, two other past board members, Carlos García and José Ramón González, resigned from the board after serving for more than three years.
“It is an honor to continue working with my fellow Board members and Executive Director Natalie Jaresko to help steer Puerto Rico’s fiscal and economic environment toward a brighter future,” Skeel said. “Sure, it will be impossible to fill José’s shoes, but I look forward to taking the responsibility steadily into the future.”
Skeel is an S. Samuel Arsht professor of corporate law at the University of Pennsylvania School of Law, a position he has held since 2004 after joining the university in 1999. From 1990 to 1998, Skeel taught at the University of Pennsylvania School of Law, while also teaching at Temple University, where he was associate professor from 1993 to 1998 and adjunct professor from 1990 to 1993. Skeel received a bachelor’s degree from the University of North Carolina at Chapel Hill and a juris doctor degree from the University of Virginia.