The President and CEO of the US Hispanic Chamber of Commerce (USHCC), Javier Palomarez resigned his position, the organization reported.
The resignation takes place after The New York Time reported an allegation of sexual harassment and alleged mismanagement of funds, which was immediately denied by Palomarez and now confirmed by the USHCC Board of Directors after an independent investigation.
“Working with outside attorneys and auditors for the past three months, and in response to the allegations of a former board member and a former employee, the Board of Directors conducted a thorough review of the allegations of financial and sexual misconduct by of its President and CEO, Javier Palomarez. In the end, the Board has determined that there is no evidence of misconduct or financial, labor or sexual misconduct, “the USHCC says in a statement.
The president of the Board of Directors of the USHCC, Don Salazar, thanked Palomarez for his service to the organization.
“Under his direction, the USHCC has become one of the most influential advocacy groups in the country for Hispanics and small American businesses,” he adds.
However – he continues – after much deliberation and careful consideration for the future of the USHCC, Mr. Palomarez and the Board have mutually agreed to undergo a leadership transition for the organization.
To that end, the USHCC appointed a Government Committee that will oversee leadership changes in the coming weeks. In the meantime, an interim Director of Operations will be selected to work with the USHCC Board of Directors, Mr. Palomarez and the camera staff to ensure a seamless transition and uninterrupted support and promotion of Hispanic entrepreneurs across the United States. note.
For his part, Palomarez said in his Facebook account that he says goodbye “with gratitude” from the organization.
“I am extremely proud of my 9-year term as President and CEO of the USHCC, always appreciating what we, as a team, have achieved for the 4.4 million businesses owned by Hispanics in the United States and countless corporate executives.
“I know that representing these people is too important a mission for distractions and internal division, so I look forward to working with the Board and staff in the coming weeks to put in place a leadership team that can inspire more in our community. to build businesses and achieve the American dream, “he said.
Palomarez expressed “to all those who were part of this incredible trip. I learned a lot from all of you … friend and enemy. In my life, I worry about what is right, instead of who is right. And after so much division and acrimony, the right thing to do is to get away. A farewell with gratitude, acceptance and truth “.