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 III

OIC-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

  1. Oscar M. Lopez

  2. Federico R. Lopez

  3. Peter D. Garrucho, Jr.

  4. Francis Giles B. Puno

  5. Jonathan C. Russell

  6. Victor Emmanuel B. Santos, Jr.

  7. Richard B. Tantoco

  8. Joaquin E. Quintos IV Independent Directors

  1. Manuel I. Ayala

  2. Edgar O. Chua

  3. 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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