The prominent Puerto Rican businessman, the closest challenger to Thomas Bach in the 2013 IOC Presidential election, will lead the Joint Management Committee’s Board for the tournament.

It will see the 67-year-old - executive chairman of Popular, Inc, the parent company of Banco Popular de Puerto Rico and Popular Bank - play a key role in assessing preparations for the 2023 International Basketball Federation (FIBA) World Cup.

The event in three years' time will be the first edition of the tournament to be held across multiple countries.

Carrión, a former director of the Federal Reserve Bank of New York, has been a member of FIBA's Central Board since 2010 and sits on the worldwide governing body's Executive Committee.

He was appointed to the 2023 World Cup role during the latest meeting of the FIBA Executive Committee.

David Crocker will serve as executive director of the tournament, a position he will hold in addition to his duties as executive director at FIBA Oceania.

Carrión, who chaired the IOC Finance Commission for 12 years until 2014, is a member of the Coordination Commission for the 2026 Winter Olympic Games in Milan-Cortina d'Ampezzo and the Digital and Technology Commission.

He is part of the IOC committee which is monitoring the International Boxing Association (AIBA), suspended as the Olympic governing body for the sport in June because of concerns with its governance, finance and refereeing and judging.

Carrión was a member of the IOC Inquiry Committee, whose report led to AIBA being stripped of its recognition.

The Puerto Rican also sat on the Coordination Commission for the 2016 Olympic Games in Rio de Janeiro.