He has spent much of his professional career leading high profile initiatives, as well as developing and executing complex business strategies in a variety of fields including Government, Economic/Business Development, Finance, Manufacturing, Real Estate, and Public Policy. Most recently, he held the position of Executive Director of the Puerto Rico Industrial Development Company (PRIDCO), responsible for promoting Puerto Rico’s Industrial and Export Services Segments (~60% of GDP), while managing Puerto Rico’s largest real estate portfolio (~1,500 properties). During his time in office, he was also a member of the Governor’s Cabinet and Economic Development Team.
As Executive Director of PRIDCO, Mr. Medina was able to develop and implement a successful industrial development strategy that enabled Puerto Rico’s industrial and export services segments to maintain stability and growth during the complex fiscal environment faced by the Commonwealth of Puerto Rico. Some of his most important accomplishments include the stabilization of the life sciences segment (pharmaceuticals, biotechnology and medical devices) and overall manufacturing employment after a decade of reductions, as well as the accelerated growth of the aerospace and export services segments in Puerto Rico.
His tenure at PRIDCO was characterized by the entry of many new companies such as Lufthansa Technik, Sanofi Merial, Actavis/Allergan, and Infosys, as well as relevant expansion projects by Lilly, BMS, AbbVie, Coopervision, AON Hewitt, UTC Aerospace and Lockheed Martin, among many others. Multiple new real estate development projects were completed under his direct leadership, including multi-million dollar construction projects such as the new R&D laboratory for Honeywell Aerospace in Moca and the new GE manufacturing facilities in Arecibo. Mr. Medina was also instrumental in restoring the Rums of Puerto Rico program, including the renewal of sugar cane production in Puerto Rico.
As a member of the Governor’s Cabinet, Mr. Medina distinguished himself by becoming a resource for the overall business community within the administration and developing public policy initiatives, both in Puerto Rico and Washington DC, to improve the economic environment and enhance business certainty in the market. He also served in multiple Boards of Directors such as the Ports Authority, Economic Development Bank, Trade and Export Company, The Science and Technology Trust, WIPR Public TV Network and Grupo Guayacan (a non profit organization and McV Client that couples private equity investments with programs aimed at strengthening the entrepreneurial ecosystem).
Prior to joining government, Mr. Medina had over 20 years experience in multiple Senior Management roles covering North and South America, Europe and Asia, including positions as CFO for Merck Brazil, CFO for Merck Central America and the Caribbean and Director of Corporate Financial Evaluations, as well as prior experience in Business Development, Manufacturing, Engineering and Software Development.
He is fluent in English, Portuguese and Spanish.
- MBA in Finance, University of Pennsylvania Wharton School of Business
- Master of Science in Industrial Engineering, Rensselaer Polytechnic Institute in New York
- Bachelor of Science in Industrial Engineering, Rensselaer Polytechnic Institute in New York