Energy Development Corporation
38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, Pasig 1605, Philippines
Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe)
May 8, 2017
JOSE VALERIANO B. ZUÑO IIIOIC-HEAD, Disclosures Department The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
Dear Mr. Zuño:
We advise that at the Annual Meeting of Stockholders held on May 8, 2017, the stockholders of the Energy Development Corporation (the "Company") elected the following individuals to the Board of Directors:
Regular Directors
Oscar M. Lopez
Federico R. Lopez
Peter D. Garrucho, Jr.
Francis Giles B. Puno
Jonathan C. Russell
Victor Emmanuel B. Santos, Jr.
Richard B. Tantoco
Joaquin E. Quintos IV Independent Directors
Manuel I. Ayala
Edgar O. Chua
Francis Ed. Lim
The stockholders also approved the appointment of SGV & Co. as external auditor for the current year.
During the organizational meeting of the new Board of Directors held immediately after the stockholders' meeting, the following officers were elected:
NAME | POSITION |
OSCAR M. LOPEZ | Chairman Emeritus |
FEDERICO R. LOPEZ | Chairman & CEO |
RICHARD B. TANTOCO | President & COO |
NESTOR H. VASAY | Senior Vice President/Chief Financial Officer / Treasurer / Head of Finance and Shared Services Group |
MA. ELIZABETH D. NASOL | Senior Vice President, Head of Human Resource Management Group |
ARIEL ARMAN V. LAPUS | Vice President, Managing Director for Latin America |
FERDINAND B. POBLETE | Vice President, Chief Information Officer, Head of Information Technology Group |
RASSEN M. LOPEZ | Vice President, Head of Legal and Regulatory Group |
BERNARDITO M. LAPUZ | Vice President, Chief Risk Officer, Head of Strategy and Risk Management Group |
REMAN A. CHUA | Vice President, Head of Wind Ilocos Norte Business Unit, Business Development Group - Solar and Wind Technologies |
RAYMUNDO N. JARQUE, JR. | Vice President, Head of Business Development Group - Geothermal |
RAMON A. CARANDANG | Vice President, Head of Corporate Affairs Group |
ERWIN O. AVANTE | Vice President, Head of Corporate Finance, Compliance Officer (SEC & PSE) |
LIBERATO S. VIRATA | Vice President, Head of BGBU Project & Resource Exploration Management |
JAMES ARNOLD D. VILLAROMAN | Vice President, Head of Leyte Geothermal Business Unit (LGBU) |
EMMANUEL C. PORTUGAL | Vice President, Chief Digital Transformation Officer (effective May 15, 2017) |
GLENN L. TEE | Chief Audit Executive, Assistant Vice President/Head of Internal Audit |
ERUDITO S. RECIO | Assistant Vice President, Corporate Information Officer, Head of Investor Relations |
ANA MARIA A. KATIGBAK | Corporate Secretary |
BERNADETTE ANN V. POLICARPIO | Assistant Corporate Secretary |
The Board elected the following members to the Nominations & Compensation, Audit & Governance, Risk Management, Corporate Social Responsibility, Related Party Transactions, and Operations Committees:
Nomination and Compensation Committee
Federico R. Lopez (Chairman) Francis Giles B. Puno
Peter D. Garrucho, Jr.
Manuel I. Ayala (Independent Director)
Management Representative: Ma. Elizabeth D. Nasol
Audit and Governance Committee
Edgar O. Chua (Chairman; Independent Director) Francisco Ed. Lim (Independent Director)
Manuel I. Ayala (Independent Director) Francis Giles B. Puno
Victor Emmanuel B. Santos, Jr.
Management Representatives: Nestor H. Vasay
Maribel A. Manlapaz Risk Management Committee
Francis Giles B. Puno (Chairman) Jonathan C. Russell
Peter D. Garrucho, Jr.
Management Representatives: Nestor H. Vasay
Erwin O. Avante Bernardito M. Lapuz
James Arnold D. Villaroman Jay Joel L. Soriano
Miguel Lorenzo S. de Vera Marvin Kenneth S. Bailon
Corporate Social Responsibility (CSR) Committee
Federico R. Lopez (Chairman)
Edgar O. Chua (Independent Director) Victor Emmanuel B. Santos, Jr.
Management Representatives: Erwin O. Avante
Ramon A. Carandang
Related Party Transactions Committee
Manuel I. Ayala (Chairman, Independent Director) Francisco Ed. Lim (Independent Director)
Edgar O. Chua (Independent Director) Jonathan C. Russell
Management representatives: Nestor H. Vasay
Rassen M. Lopez Operations Committee
Federico R. Lopez
Richard B. Tantoco Francis Giles B. Puno
Victor Emmanuel B. Santos, Jr. Jonathan C. Russell
Joaquin E. Quintos IV
cc: VINA VANESSA S. SALONGA
Head - Issuer Compliance and Disclosure Department (ICDD) Philippine Dealing & Exchange Corp.
Energy Development Corporation published this content on 09 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 May 2017 01:02:08 UTC.
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