The Philippine Stock Exchange (PSE) has elevated longtime executive Mark Frederick V. Visda after nearly two decades helping develop the country’s capital markets.
Former energy secretary Jose Rene Gregory D. Almendras withdrew his nomination to the First Philippine Holdings Corp. board, expressing gratitude to the minority shareholders who backed him while saying others were equally capable of representing their interests.
China Bank Securities has hired a brokerage executive from rival First Metro Securities to succeed longtime president Marisol Teodoro, tapping an industry veteran with more than 15 years of experience as it looks to build on last year’s market share gains.
Globe Telecom has appointed former finance chief Alberto de Larrazabal to its board, succeeding longtime director Delfin Lazaro, whose nearly three decades with the Ayala-led telco will end on Sept. 1.
ABS-CBN Corp. is keeping its core leadership team intact, with veteran media executive Charo Santos-Concio returning to the board while the company replaces two directors ahead of its annual stockholders’ meeting next month.
Manuel V. Pangilinan-led Manila Electric Co. has appointed retail entrepreneur Bernido H. Liu and veteran banker Bernadine T. Siy as new independent directors, refreshing its board after two longtime members reached regulatory term limits.
SSI Group Inc. is bringing veteran investment banker Roland Gerard “Junie” R. Veloso Jr. onto its board while keeping longtime independent director Carlo L. Katigbak close to the boardroom.
Marketing veteran Marjorie Garrovillo is returning to her consumer goods roots after a year at one of the country’s biggest telecommunications companies, having recently been chosen to helm Alaska Milk Corp. as its first female president.