• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Politicspuerto rico governor

The Successor for Puerto Rican Governor Doesn’t Want the Job. Here’s Who’s Next in Line

By
Ezra Fieser
Ezra Fieser
,
Michael Deibert
Michael Deibert
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Ezra Fieser
Ezra Fieser
,
Michael Deibert
Michael Deibert
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
July 29, 2019, 1:56 PM ET
Add Fortune on Google for similar content.

Puerto Rico’s worst political crisis in decades is intensifying after the commonwealth’s governor-in-waiting Wanda Vazquez, said she doesn’t want to take power, leaving the bankrupt island facing an unprecedented succession impasse.

On Sunday, Vazquez, the secretary of justice, said in a Twitter post that she hoped Governor Ricardo Rossello would nominate a different successor before he steps down Aug. 2. Vazquez, an ally of the outgoing governor and a member of his New Progressive Party, is next in line because the secretary of state position is vacant.

Me reitero, no tengo interés en ocupar el puesto de Gobernadora. Es un dictamen Constitucional. Espero que el señor Gobernador identifique y someta un candidato para el puesto de Secretario/a de Estado antes del 2 de agosto y así se lo he manifestado.

— Lcda Wanda Vázquez Garced (@wandavazquezg) July 28, 2019

Her announcement raises pressure on Rossello, who has less than a week to nominate a new secretary of state, adding to Puerto Rico’s dysfunction and political chaos. That person would need confirmation from a majority in both houses of the island’s legislature.

The official next in succession after Vazquez is Francisco Pares, the treasury secretary, who, at 31, is not old enough to be governor. The minimum age is 35. Next in line appears to be Education Secretary Eligio Hernandez, who told a local radio station Monday that he was focused on his current role. Rossello’s office did not immediately respond to emails seeking comment.

The next governor will inherit a recession-scarred economy and citizenry angered by austerity measures as the island navigates a record bankruptcy and tries to rebuild from 2017’s devastating Hurricane Maria. He or she will have to work with the federally-appointed fiscal oversight that is negotiating with bondholders to reduce the island’s billions of dollars in debt. The political crisis may delay the restructuring.

“You need a governor in the best of times, and you especially need a leader when all this stuff is going on,” said Dora Lee, director of research at Belle Haven Investments which holds some insured Puerto Rico debt. “It’s just gone so far down the succession chain, everyone is scratching their head asking: ‘Who is next?’”

Late July 24, Rossello said he would leave office halfway through his four-year term, after weeks of massive protests over the publication of profanity-laced chats between him and his inner circle. The chat scandal forced the resignation of the sitting secretary of state — next in line to fill a vacancy in the governor’s office — and leaving Vazquez, the secretary of justice, as next under the constitution.

Rossello’s administration had been weakened by the resignations and the indictment this month of two officials on charges of steering contracts to favored companies. The succession fight also brings into relief just how quickly the balance of power has shifted in Puerto Rico, an island of 3.2 million people. The commonwealth’s politicians, accustomed to cutting back-room deals and horse-trading, suddenly face an energized and vocal mass protest movement that succeeded in ousting Rossello, and demonstrators have indicated they may go after other politicians and even the oversight board.

Party Clash

Vazquez faces stiff opposition on her own, perhaps explaining her reluctance to take power: from demonstrators, members of her own party — with whom she had clashed over investigations — and from opposition lawmakers, who complained she was part of the same corrupt system as Rossello. The antagonism from within both her party as well as the opposition weighed heavily against her appointment.

“In every scandal we’ve had on the island, she failed to investigate. She covered it up,” House Minority Leader Representative Rafael Hernandez said in a telephone interview. “That’s why nobody wanted her to become governor.”

Vazquez has denied allegations of wrongdoing, calling them “vicious” attacks. A mass demonstration has been called for Monday outside Vasquez’s office to call for her resignation.

Hernandez said leaders in the New Progressive Party are jockeying behind the scenes to be nominated secretary of state and thus next in line to be governor. Any confirmation process could be done within 48 hours, he said.

Senate President Thomas Rivera Schatz, who is among the potential candidates to replace Rossello, said party leaders would listen to the advice of well-intentioned sectors, but warned of others trying to take advantage of the situation for personal gain.

“There will be actors pushing political, ideological, and particularly business agendas, subtly disguised in the scent of ‘patriotism,’ offering unfounded insinuation and speculation,” he wrote in a note on Twitter. He did not mention the process to nominate a secretary of state and didn’t respond immediately to an email seeking comment.

Resident Commissioner Jenniffer Gonzalez, the island’s non-voting representative to the U.S. House, is also considered a possible replacement. In an emailed statement, Gonzalez said she has not been approached about the position, but is was “aware of the speculation” of the names being mentioned as possible candidates.

“In my case, nobody has contacted me or talked to me in regards to that,” she said.

On Sunday, hundreds of people gathered for a salsa celebration of Rossello’s resignation and a further cleaning of Puerto Rico’s political house. Neither Rivera Schatz nor Gonzalez are acceptable choices, according to Rosa Seguí Cordero, spokeswoman for the Citizens Victory Movement, a political group formed in March that has been active in the protests.

“The people of Puerto Rico hope that whoever succeeds Rossello in power will be someone who is not marked by corruption and who can stabilize the constitutional crisis we face,” said Miguel Ángel Rosario Lozada, a historian at the University of Puerto Rico. “A change in Puerto Rican political culture is beginning to happen. The people have realized the political power they hold.”

More must-read stories from Fortune:

—The strongest Democratic candidate for 2020 is a woman, poll finds

–Why kids are skipping school to fight climate change

—Thousands of migrant children remain in shelters at the border

—What to expect from the second Democratic debate

—When it comes to politics, Americans are divided. Can data change that?

Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

About the Authors
By Ezra Fieser
See full bioRight Arrow Button Icon
By Michael Deibert
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

Photo of ballots being counted and sorted
PoliticsElections
Nearly 150,000 California mail ballots rejected in June primary, a record high thanks to late-arriving ballots
By The Associated Press and MIchael R. BloodJuly 24, 2026
11 hours ago
Photo of the nun
North AmericaImmigration
Nun detained by ICE on her way to Mass speaks out for first time: ‘For me, a nun, not to go to Mass…it was very, very heartbreaking’
By The Associated Press, Valerie Gonzalez and Jamie StengleJuly 24, 2026
12 hours ago
Vice President JD Vance sits in on a meeting.
North AmericaJD Vance
The Secret Service is investigating a member of JD Vance’s detail over a suspected news leak
By The Associated PressJuly 24, 2026
12 hours ago
Google logo is displayed on a smartphone in front of the EU Flag.
CybersecurityGoogle
EU strikes Google with $1 billion fine in major crackdown on antitrust regulations even as Trump threatens retaliation
By The Associated Press and Sam McNeilJuly 24, 2026
12 hours ago
A supporter holds a sign for Democratic candidate for Texas governor Gina Hinojosa while she speaks during a rally.
PoliticsData centers
‘There are no rules. It is the wild west of data centers’: Texas Democratic candidates pounce on AI data center projects in Republican strongholds
By The Associated Press and Marc LevyJuly 24, 2026
12 hours ago
An overhead map of the location of Pickaxe Mountain and Iran's Natanz nuclear enrichment facility.
North AmericaDonald Trump
Trump threatens to bomb Iran’s deeply buried Pickaxe Mountain nuclear site: ‘There’s not a thing they can do about it’
By The Associated Press and Jon GambrellJuly 24, 2026
13 hours ago

Most Popular

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
1 day ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
2 days ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
2 days ago
Current price of oil as of July 24, 2026
Personal Finance
Current price of oil as of July 24, 2026
By Joseph HostetlerJuly 24, 2026
22 hours ago
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
3 days ago
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
AI
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
By Mia OsmonbekovJuly 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.