For 3rd time, RSA lands on Wall Street Journal’s ‘Power List Asia’
Philippine Daily Inquirer
San Miguel Corp. (SMC) president and chief operating officer Ramon S. Ang has again made it to the “power list” of the influential publication The Wall Street Journal Asia.
The 57-year-old Ang, who engineered the diversification of Southeast Asia’s largest food, beverage and packaging conglomerate into power generation, infrastructure, oil refining and distribution, telecommunications, mining, and airlines, is the only Filipino on the recent WSJ “Power List Asia,” which is composed of top Asian business leaders making headlines in select global and regional media.
It is the third time Ang has made it to the elite list of newsmakers in regional business.
San Miguel’s COO made local and regional news recently for becoming the single largest individual shareholder in the conglomerate after chairman and chief executive officer Eduardo Cojuangco Jr. decided to sell to Ang his remaining 11-percent stake in SMC.
For the past 14 years since Ang joined Cojuangco in San Miguel, the company has been reporting sustained growth and record results. In 2011, it registered all-time high sales of P536 billion, a 118-percent improvement from the previous record of P246 billion in 2010.
“From the time I requested Ramon to join me in the company, he has continuously dedicated 100-percent of his time and effort in ensuring the growth of the San Miguel group,” Cojuangco said of Ang after the sale.
In 2010, the Wall Street Journal included him on its “Power List: Year in Review.” Ang’s named appeared alongside legendary investor Warren E. Buffet and Toyota’s Akio Toyoda. He made the list again in 2011 after SMC acquired ExxonMobil’s Malaysian downstream oil businesses.
Short URL: http://business.inquirer.net/?p=71057