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Triple-S Management Corporation Announces the Retirement of Socorro Rivas-Rodriguez; Names Pablo Almodovar Scalley as Successor
Date:7/3/2012

SAN JUAN, Puerto Rico, July 3, 2012 /PRNewswire/ -- Triple-S Management Corporation (NYSE: GTS), the leading managed care company in Puerto Rico, today announced the retirement of Socorro Rivas-Rodriguez, President and Chief Executive Officer of Triple-S Salud, the company's managed care subsidiary. In conjunction with this announcement, the company has selected Pablo Almodovar-Scalley to be Ms. Rivas-Rodriguez's successor. Ms. Rivas-Rodriguez will remain President and Chief Executive Officer of Triple-S Salud until September 30, 2012, continuing to handle her day-to-day management responsibilities and assisting in the transition of her executive functions.

Ms. Rivas-Rodriguez has had a distinguished career at the company, spanning a period of 30 years. She served as General Manager of Triple-S Salud beginning in 1999 and was named this division's President and Chief Executive Officer in May 2002. During her tenure, premiums earned at the managed care subsidiary grew approximately 70%, the Medicare Advantage business was launched, and the purchases of Blue Cross of Puerto Rico (La Cruz Azul de Puerto Rico) and American Health were consummated.

Mr. Almodovar-Scalley joined Triple-S in 1990 and has worked in several divisions of the corporation. During his 22 years at the company, he has held positions of increasing responsibility and scope, including Senior Vice President of Finance and Administration and Senior Vice President and Chief Operating Officer. Currently, as Executive Vice President of Triple-S Salud, reporting directly to Ms. Rivas-Rodriguez, Mr. Almodovar-Scalley oversees finance and administration and all operational matters. He also supervises the information technology function, spearheading the successful conversion to the new core operating system. In addition, Mr. Almodovar-Scalley was in charge of the Blue Cross of Puerto Rico integration into Tr
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SOURCE Triple-S Management Corporation
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