Board of Directors
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Lucio L. Co
Chairman of the Board
64, Filipino, Chairman of the Board
Mr. Co has served as Director of the Company
since 1997.
Mr. Co currently holds the following positions
in other publicly-listed companies: Chairman of
Puregold Price Club, Inc. and Da Vinci Capital
Holdings, Inc., and Director of Philippine Bank of
Communications.
Mr. Co is also the Chairman of the following
privately-owned companies: Bellagio Holdings,
Inc., Invescap Incorporated, P.G. Holdings, Inc.,
Puregold Duty Free (Subic), Inc., Puregold Duty
Free, Inc., Puregold Finance, Inc., Puregold
Properties, Inc., Puregold Realty Leasing &
Management, Inc., San Jose City I Power Corp.,
Union Energy Corporation, and Union Equities, Inc.
He is also a Director of the following privately-owned
companies: Tower 6789 Corporation, Catuiran
Hydropower Corporation, Karayan Hydropower
Corporation, LCCK & Sons Realty Corporation,
League One Finance and Leasing Corporation,
and PPCI Subic, Inc.
He is a member of the Board of Trustees of Adamson
University and Luis Co Chi Kiat Foundation, Inc.
Mr. Co has been an entrepreneur for the past 40 years.
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Leonardo B. Dayao
President
75, Filipino, President
Mr. Dayao has served as Director of the Company
since October 1997.
Mr. Dayao currently holds the following positions
in publicly-listed companies: Director of Puregold
Price Club, Inc. and Vice-Chairman of the Philippine
Bank of Communications.
He also holds the following positions in private
companies: Chairman of Catuiran Hydropower
Corporation, League One Finance and Leasing
Corporation, PSMT Philippines, Inc.; President
of Puregold Duty Free (Subic), Inc., Puregold
Finance, Inc., San Jose City I Power Corp., Union
Energy Corporation; Vice-President of Alerce
Holdings Corp., Bellagio Holdings, Inc., KMC
Realty Corporation, Puregold Properties, Inc.,
Union Equities, Inc.; and Director of Karayan
Hydropower Corporation, and Puregold Realty
Leasing & Management, Inc.
He received a Bachelor of Science Degree in
Commerce from the Far Eastern University. He is
a Certified Public Accountant and has completed
Basic Management Program at Asian Institute
of Management and earned units in MBA from
University of the Philippines-Cebu.
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Susan P. Co
Vice-Chairman
61, Filipino, Vice-Chairman
Mrs. Co has served as Director of the Company
since June 2013.
Mrs. Co currently holds the following positions in
other publicly-listed companies: Vice-Chairman of
Puregold Price Club, Inc. and Director of Philippine
Bank of Communications.
She is currently the Chairman of Tower 6789
Corporation and Director of the following private
companies: Bellagio Holdings, Inc., Blue Ocean
Holdings, Inc., KMC Realty Corp., Luis Co Chi Kiat
Foundation, Inc., P.G. Holdings, Inc., PPCI Subic
Duty Free, Inc., Puregold Properties, Inc., Puregold
Realty Leasing & Management, Inc., San Jose
City I Power Corp., Union Energy Corporation and
Union Equities, Inc.
Mrs. Co received a Bachelor of Science Degree
in Commerce from the University of Santo Tomas.
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Levi B. Labra
Director
61, Filipino, Director
Mr. Labra has served as Director of the Company
since in June 2013.
He is a graduate of the University of San Carlos,
major in Business Administration (Cum Laude).
He worked for Procter and Gamble Philippines
for 35 years in Sales, Forecasting, Supply Chain,
Trade Marketing and Organization Development.
Inc., Puregold Duty Free (Subic), Inc., Puregold
He was the Sales Head and a member of the
management committee for 20 years and Regional
Sales Manager for three years building the sales
organization and systems for India, Indonesia,
Malaysia, Singapore, South Korea and Thailand.
Currently, a director of Cosco Capital, Inc., he
is also engaged in strategy and operations
development with various companies in the field of
retail, consumer goods, micro-insurance, telecom
and Agri product distributorships.
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Roberto Juanchito T. Dispo
Director
55, Filipino, Director
Mr. Dispo has served as Director of the Company
since in June 2017.
He is concurrently the Vice-Chairman and
President of Cirtek Holdings Phils. Corporation,
another publicly-listed company.
Mr. Dispo is a seasoned investment banker
with extensive experience in capital raising,
investments, strategic acquisition, and asset
management. He was the former President of
Money Market Association of the Philippines
and is currently the Chairman of Capital Markets
Development Committee of FINEX. He also held
positions in various Government offices including
Department of National Defense, Department of
Trade and Industry and Department of Finance.
Mr. Dispo holds a degree of Bachelor of Science in
Economics and Business Management from San
Sebastian College and Pamantasan ng Lungsod ng
Maynila, respectively. He also completed Masters
in Business Administration from Pamantasan ng
Lungsod ng Maynila and Masters in Business
Economics from the University of the Asia and the
Pacific.
He also completed Management Development
Program from Asian Institute of Management and
a diploma course in International Banking and
Finance from the Economic Institute, University of
Colorado.
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Cecilia C. Borromeo
Independent Director
was the President and CEO of the Land Bank of the Philippines from March 2019 to May 2023, President and CEO of the Development Bank of the Philippines from January 2017 to February 2019, Executive Vice-President in various sectors and departments in the Land Bank of the Philippines from 1989 to 2017. Ms. Borromeo graduated from the University of the Philippines with a Bachelor of Science in Agribusiness in 1979. She took a Master's in Business Administration from Dela Salle Business School from 1980 to 1982 and a Post Graduate Course in Advanced Bank Management from the Asian Institute of Management in 1995. She was awarded the Outstanding CEO Award in May 2023 by the Association of Development Financing Institutions in Asia and the Pacific, the 2021 Distinguished Alumni Award for Corporate Governance in the field of Banking and Finance in February 2022 by the University of the Philippines Alumni Association and 2019 Outstanding Alumna of College of Economics and Management (CEM) of the University of the Philippines, Los Baņos (UPLB).
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Atty. Lily K. Gruba
Director
is currently a Senior Counsel in Zambrano Gruba Caganda & Advincula Law Offices, Director of Asia United Bank, Executive Director for Fr. Joaquin Bernas, SJ Center for Continuing Legal Education, and Faculty Member in Ateneo de Manila University College of Law. She was a Bar Examiner for Taxation in 2019 and 2007 and in Commercial Law in 2012. She was an Associate Dean for Fr. Joaquin Bernas, SJ Center for Continuing Legal Education from March 2003 to May 2018; Undersecretary in the Department of Finance from July 1998 to January 2001; and Vice-President and Special Assistant to the President General - 4 - Counsel in the Land Bank of the Philippines from 1987 to 1992. Atty. Gruba authored three books: A Survey of the Amendments Introduced by Train Law, 2019; Guide Notes and Cases on Tax Remedies, 2018; and Guide Notes and Cases on the General Principles of Taxation and the Organization of the Bureau of Internal Revenue, 2016. She was nominated Tax Lawyer of the Year for Southeast Asia in 2023 (Legal500) and one of The Philippines Top 100 Lawyers from 2018 to 2022 (Asia Business Legal Journal). She speaks English, Filipino, Fokien, and Mandarin. She graduated from the University of Santo Tomas in 1972 with a Bachelor of Arts in Psychology, and a Bachelor of Laws from the Ateneo Law School, Ateneo de Manila University in 1976. She was admitted to the Philippine Bar in 1977. She took a Master of Laws in 1981 from the Georgetown University Law Center, Washington D.C., United States of America.
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Ramon Jesus P. Paje
Independent Director
Filipino, 62 years old,
Independent Director since December 1, 2022.
Dr. Paje served as Secretary of Environment and Natural Resources (DENR) under President Benigno S. Aquino III from 2010-2016. As DENR Secretary, he among others implemented: the Total Logging Ban, which saved the forests for the future generations of Filipinos by stopping the massive forest loss caused by centuries of logging; the National Greening Program, which improved the country?s forest cover, increased the productivity of forestlands and reduced upland poverty; Geohazard Mapping, which determined the flood-prone and landslide-prone areas nationwide and significantly enhanced the country?s disaster preparedness; and The upgrading of fuel standard from Euro 2 to Euro 4, which reduced urban pollution by significantly decreasing the fuel?s Sulfur content from 500 ppm to 50 ppm. Likewise, Secretary Paje pursued the Philippine claim to the Benham Rise (now Philippine Rise), with the strong effort of the National Mapping and Resource Information Authority (NAMRIA), resulting in the approval by the United Nations in April 2012 and increased the country?s territorial waters and natural wealth by more than 13 Million hectares. He also signed for the Republic of the Philippines the historic Paris Agreement on Climate Change on April 22, 2016 at the UN Headquarters in New York.
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Antonio S. Abacan, JR
Independent Director
Mr. Abacan served as a Monetary Board Member of the Bangko Sentral ng Pilipinas from July 2017 to July 2023. He has held several executive positions within the Metrobank Group, including Group Vice-Chairman, Senior Adviser for First Metro Investment Corporation, and Chairman of the Board for various companies such as Metropolitan Bank and Trust Company, Toyota Financial Services (Phil). Inc., Sumisho Motor Finance Corporation, Manila Doctors Hospital, and Manila Tytana Colleges, Philippine Charter
Insurance, and Honorary Chairman for Orix Metro Leasing and Finance Corporation.
Additionally, he served as Director and Corporate Secretary of the Bankers Association of the Philippines and as President of Metropolitan and Bank Trust Company for 14 years, Philippine Savings Bank, and Data Serv Corporation.
Mr. Abacan was the Director for Banking, Finance, and Taxation at the Philippine Chamber of Commerce and Industry, the Governor of Makati Commercial Estate Association, and a member of the Management Association of the Philippines. He also serves as a Senior Adviser for the Metrobank Foundation and as a Member of the Board of Trustees for GT Metro Foundation and Piso for Unity, Peace, and Progress Foundation.
Mr. Abacan earned his Bachelor of Science in Business Administration degree from the Mapua Institute of Technology, majoring in Banking and Finance, and from Far Eastern University, majoring in Accounting. He completed an Executive Program at the Graduate School of Business at Stanford University, California, United States. Additionally, he was granted an honorary Doctorate in Business Administration (Honoris Causa) from the Philippine Women?s University.
Mr. Abacan is a Filipino, 81 years old, and this marks his first nomination as an independent director of the Company.