Head of Puerto Rico Oversight Board Resigns as Bankruptcy Ends

Natalie Jaresko, the executive director of Puerto Rico’s Financial Oversight and Management Board, is resigning after helping the U.S. commonwealth through a historic bankruptcy.

Jaresko will step down April 1, shortly after a federal judge approved a debt-restructuring plan that will allow the island to emerge from the biggest municipal bankruptcy in U.S. history. In a statement, the oversight board said it’s beginning the search for a new executive director and that Jaresko will assist with the transition.