In a special meeting held on October 2, 2023, the Board of Directors of Aboitiz Power Corporation approved that effective November 1, 2023, Mr. Juan Alejandro A. Aboitiz will assume the role of Chief Financial Officer in the Company. Mr. Aboitiz will be replacing Ms. Liza Luv T. Montelibano, the Company's current Chief Financial Officer, who will be joining City Savings Bank. Mr. Aboitiz, 38, Filipino, is currently the Company's Senior Vice President for Commercial Operations.

He holds various directorships within the Aboitiz Group. He also served as a Director of Union Bank of the Philippines (UBP), a publicly-listed company, from 2018 to 2022. Mr. Aboitiz was the First Vice President for Energy Trading & Sales of AboitizPower from July 2017 to January 2022; Assistant Vice President for Corporate Finance of the Aboitiz Group from January 2016 to June 2017; Regulatory Affairs Manager of the Company from July 2013 to June 2014; and the Department Head for Billing and Collection of Visayan Electric Company Inc. from March 2012 to June 2013.

He first joined the Aboitiz Group in April 2011 as a Management Trainee for the Strategy and Corporate Finance department of Aboitiz Equity Ventures Inc. (AEV). Prior to joining the Aboitiz Group, he served as Senior Associate for Transaction Advisory Services of SyCip Gorres Velayo and Co. Mr. Aboitiz earned his Bachelor of Science Degree in Accounting from the Loyola Marymount University in Los Angeles, California, USA.

He completed his Master of Business Administration from The Hong Kong University of Science and Technology, and completed the MBA International Exchange Program at the IESE Business School - University of Navarra in Barcelona, Spain. He is not connected with any Philippine government agency or instrumentality. He is not a director of any publicly-listed company in the Philippines.