Donald Kafka
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First Bancorp reported in an 8-K filed June 16, 2025 that Donald Kafka retired as Executive Vice President and Chief Operating Officer, effective September 15, 2025. The proxy statement of First Bancorp reports total compensation of $1,111,202 for Donald Kafka in fiscal 2024, including a base salary of $550,000. Disclosed compensation is on record for 3 fiscal years. First Bancorp is classified in the Banks - Regional industry within the Financial Services sector. Other leadership on record at First Bancorp includes Said Ortiz (CFO and Chief Accounting Officer), Juan Carlos Pavía (COO), Orlando Berges (Chief Accounting Officer) and 7 others.
“On June 16, 2025, First BanCorp. (the "Corporation"), the bank holding company for FirstBank Puerto Rico ("FirstBank" or the "Bank"), announced a strategic reorganization aligned with the Corporation's corporate succession plan (the "Strategic Reorganization"). As part of the Strategic Reorganization, the Corporation announced that Mr. Donald Kafka, Executive Vice President and Chief Operating Officer ("COO"), will retire from his position at the Corporation effective September 15, 2025.”
Affiliation history
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First Bancorp (FBP)
Proxy statement
Current
Company network
Leadership on record at First Bancorp
- Said Ortiz CFO, Chief Accounting Officer
- Juan Carlos Pavía COO
- Orlando Berges Chief Accounting Officer
- Aurelio Aleman Board Member
- Aurelio Alemán Board Member
- Daniel E. Frye Board Member
- Felix M. Villamil Board Member
- First BanCorp Board Member
- Félix M. Villamil Board Member
- John A. Heffern Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | First Bancorp (FBP) | Executive Vice President and Chief Operations Officer | $550,000 | $1,111,202 |
| 2023 | First Bancorp (FBP) | Executive Vice President and Chief Operations Officer | $550,000 | $1,106,339 |
| 2022 | First Bancorp (FBP) | Executive Vice President and Chief Operations Officer | $550,000 | $1,139,220 |