Omar Byron Mier. INQUIRER FILE PHOTO
MANILA, Philippines—Philippine National Bank announced Friday the retirement of its president Omar Byron Mier after 12 years of service to the bank.
Mier is retiring as PNB president for the second time around. He first served as the bank’s president from 2005 to 2010 after which he was still involved in various companies under the group of tycoon Lucio Tan and played a key role in the creditor-driven corporate rehabilitation of Victorias Milling Co.
In 2012, Mier was called back to assume the PNB presidency after Carlos Pedrosa suffered a stroke.
In a disclosure to the Philippine Stock Exchange, PNB said its board had approved Mier’s retirement effective May 27 this year, during which a new president would have been appointed.
“The board expressed its appreciation for his 12 years of dedicated and fruitful service to the bank, leading PNB from its period of rehabilitation to the merger with Allied Banking Corp. His leadership has been pivotal in PNB’s resurgence to becoming the bigger and stronger bank it is today,” the bank’s disclosure said.
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