The board approved the creation of three wholly owned subsidiaries covering geothermal investments, shared corporate services, and overseas ventures.
Nickel Asia already has geothermal exposure through its renewable arm Emerging Power Inc., which holds projects in Mindoro and Biliran at various stages of development.
Dividend and structure shift
At the same meeting, the board declared a P1.95 billion regular cash dividend of P0.14 per share, payable March 25 to shareholders on record as of March 12, to be taken from unrestricted retained earnings as of end-2025.
Officer redesignations
The board also approved officer redesignations aligned with the new shared-services structure.
Georgina Carolina Y. Martinez moved from cluster head to head of CCSS shared services while retaining her roles as senior vice president, chief compliance officer, chief governance officer, and assistant corporate secretary. Ma. Fatima C. Mijares shifted from group head of human resources and workplace services to head of HR shared services and head of workplace services, while Christine Joanne DC. Navarro and Bimbo T. Almonte were redesignated to lead legal services and health strategy and governance, respectively.
—Edited by Miguel R. Camus
