Puerto Rico Gov. Alejandro García-Padilla announced Wednesday his choice to fill the position of Revitalization Coordinator, picking Aaron Bielenberg from the three candidates proposed by the Financial Oversight and Management Board.
With this designation, Bielenberg should promote infrastructure projects that are considered key to the economic recovery of Puerto Rico, responding to the mandate set forth by the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), which created the Board.
“After having carefully analyzed the candidates that the Board submitted for my consideration, I believe Beilenberg’s experience on infrastructure and complex restructuring will be of great benefit to the island, as they carry particular emphasis on fiscal and investment restructurings,” the governor said.
Bielenberg is an expert associate partner in McKinsey & Co.’s Infrastructure Practice, based in the Washington D.C. office.
He works with investors, developers, lenders, utilities and governments as support on infrastructure topics and on complex restructurings and transformations, including involvement in major transformation of national utility companies.
He has more than 14 years of restructuring and infrastructure transaction advisory experience. He has a Bachelor’s in Arts from Brown University, a Juris Doctor from Columbia University School of Law, and was a Fullbright Scholar.
“In the situation that Puerto Rico is in, it is essential to have proven resources that address the island’s pressing needs in such vital areas as infrastructure,” García-Padilla said.
Bielenberg confirmed to La Fortaleza that does not have, nor has had contracts or has provided services to the government of Puerto Rico in the last three years. Beilenberg’s appointment is effective immediately cannot be delegated.