It’s not often that shareholders give a standing ovation at the end of the president’s annual report but Aurelio “Gigi” Montinola III got what he deserved as he bowed out as chief of Bank of the Philippine Islands on April 18.
Residential property developer SM Development Corp. unveiled on Wednesday a P71-billion three-year expansion program and a top management change, as it affirmed its upbeat outlook on the affordable residential property segment of the sector.
In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.
A leadership change is coming to Petron Corp. this week as the country’s biggest petroleum refiner and distributor will soon get a new president—a move expected to be confirmed by its board of directors in a meeting scheduled Tuesday, Feb. 19.
The SM group isn’t too eager to celebrate—at least not yet—its latest milestone.
Investment banker Cezar Consing will become the new president and chief executive of Ayala-led Bank of the Philippine Islands—the country’s most valuable and profitable bank—upon the retirement of banker Aurelio Montinola III in April next year.
“The world’s local bank” will live up to its tagline once it names a Filipino executive as its new country manager.
Chemrez Technologies Inc. said it bought back 9,000 shares at P2.71 per share on September 27, in line with the company’s share buyback program.
One of the biggest challenges Gil Buenaventura will face when he reemerges from a short-lived retirement on October 22 to become the new president of Development Bank of the Philippines is to fill up a shrinking plantilla.
A big change is coming to this foreign bank this month after its big bosses overseas decided to finally put a Filipino in charge of local operations.
Incoming Transportation and Communications Secretary Joseph Emilio “Jun” Abaya has vowed to pursue projects initiated by his predecessor Mar Roxas to ensure that no further delays hound the administration’s infrastructure program.
Ambassador Manuel Lopez has officially stepped down as chairman of Manila Electric Co. (Meralco), signaling an end to the Lopez family’s decades-long rule over the country’s biggest power distributor.
