OCLP names new board members, officers

Following a management shakeup at the Ortigas clan’s OCLP Holdings Inc. general meeting last Friday, lawyer Roberto San Jose was voted to replace Rowell Recinto as president and chief executive officer of the property developer.

A statement from OCLP Holdings also showed that Arnold S. David was named chief financial officer, replacing Emmanuel Rapadas. Joselito Santos was retained as general manager while Cathy Casares-Ko, leads the shopping center division.

San Jose—who, sources said, was nominated to the post by the Ayala Land-backed Rafael Ortigas Group—said the company “is committed to pursue and continue its various projects in the pipeline including residential and retail developments such as Circulo Verde, Viridian, Royalton, Estancia, Tiendesitas, and the re-development of Greenhills Shopping Center.”

Changes were also made to OCLP Holdings’ nine-seat board which is now composed of the following: Jose Luis O. Montilla, Roberto V. San Jose, Fernando M. Ortigas, Elmer B. Serrano, Edmundo L. Tan, Rolando R. dela Cruz, Yolanda M. Eleazar, Delfin P. Angcao and Antonio Pacis.

Two Ortigas factions within OCLP Holdings owning significant but minority stakes remain at odds over the direction the company should take. The matter is further complicated by legal battles between the two factions. Miguel R. Camus