Aboitiz Equity’s Erramon Aboitiz and Sabin Aboitiz at May 15, 2017 stockholders meeting . FILE PHOTO
Conglomerate Aboitiz Equity Ventures (AEV) unveiled on Wednesday a succession program that will put Sabin Aboitiz at the helm as Erramon Aboitiz will retire as president and chief executive officer effective Jan. 1, 2020.
Enrique Aboitiz, 64, was named chair of the board effective immediately, following the recent demise of Jon Ramon Aboitiz. Mikel Aboitiz was named vice-chair, also effective immediately.
Sabin Aboitiz, 53, has been executive vice president and chief operating officer of AEV since 2015. He is also a director and president/CEO of PANC, Pilmico, and Aboitiz InfraCapital. He holds a degree in Business Administration-Finance from Gonzaga University, Spokane, U.S.A.
The AEV board also elected as its new director Ana Maria Delgado, to serve the unexpired term of Jon Ramon Aboitiz.
Delgado, 38, holds the position of senior vice president and center head of consumer finance and chief customer experience officer of Union Bank of the Philippines. She graduated with a Bachelor of Arts in Art History/Painting from Boston College and obtained her Master’s Degree in Business Administration from New York University Stern School of Business in 2010.
The board also approved the transfer of Horacio Elicano to the Gold Coin Group. He will cease to be data privacy officer effective Feb. 1, 2019. Ricardo Lacson Jr., currently vice president for strategy, was named the new data privacy officer.