Benguet Corporation at its board meeting held on August 30, 2023, approved the appointment of Atty. Elmer B. Serrano as Independent Director representing Common Class "A" and Convertible Class "A" shares of the Company. He replaced Mr. Reginald S. Velasco who resigned as Independent Director.

Atty. Carlos Alfonso T. Ocampo as Director representing Common Class "A" and Convertible Class "A" shares of the Company. He replaced Atty.

Jose Raulito E. Paras who resigned as Director. The Board also approved the promotion of Engr. Emmanuel M. Puspos from Chief Mining Engineer to Assistant Vice president for Mining and Business Development.

AStty. Serrano is the Managing Partner of SERRANO LAW. He is Chairman of Dominion Holdings Inc., Director of 2GO and EEI Corp.

and Independent Director of Philippine Telegraph and Telephone Corp. He also serves as Corporate Secretary of SM Investment Corp., SM Prime Holdings Inc., Premium Leisure Corp., Crown Equities Inc., 2GO Group Inc., and Atlas Consolidated Mining and Development Corp. He is a certified associate treasury professional and graduated 10th in his 2001 class at the trust Institute of the Philippines.

Atty. Ocampo is Senior Partner of Ocampo & Manalo Law Firm. He is Independent Director of EEI Corp., Marcventures Holdings Inc. He is Director of MAA General Assurance Corp., BlueLion Motors Corp., Jam Transit Inc., Prestige Cars, Autohaus Corp., Subic Air Inc., Sky Towers Infra Inc., QROI Network Services Inc., Zest Airways Inc., Adrianse Phils.

Inc., Brycl Resorts International Inc., Autohaus Quezon City Inc., Jam Liner Inc., and Manila Golf & Country Club, He served as Vice President and General Counsel of Air Philippines Corp. and Senior Consultant of Capital Equity Legal Group. He obtained Bachelor of Laws from the University of the Philippines and Completed and Executive Management program at the Asian Institute of the Philippines and earned Certificate in International Finance from Harvard Law School at Harvard University, Executive Education and Certificate in Economic Development, John F. Kennedy School of Government at Harvard University, Executive Education.