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, 2018

JOSE VALERIANO B. ZUÑO III

OIC-HEAD, Disclosures Department The Philippine Stock Exchange, Inc.

PSE Tower, 28th Street corner 5th Avenue Bonifacio Global City, Taguig City

Dear Mr. Zuño:

We advise that at the Annual Meeting of Stockholders held on May 8, 2018, the stockholders of the Energy Development Corporation (the "Company") elected the following individuals to the Board of Directors:

Regular Directors

  • 1. Federico R. Lopez

  • 2. Richard B. Tantoco

  • 3. Francis Giles B. Puno

  • 4. Jonathan C. Russell

  • 5. Joaquin E. Quintos IV

  • 6. David Simon Luboff

  • 7. David Andrew Baldwin

  • 8. Christopher Eu Sun Low

Independent Directors

  • 1. Manuel I. Ayala

  • 2. Edgar O. Chua

  • 3. Francisco 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 & Chief Executive Officer

RICHARD B. TANTOCO

President & Chief Operating Officer

NESTOR H. VASAY

Senior Vice President, Chief Financial Officer,

Treasurer, Head of Finance and Shared Services

Group

VICTOR EMMANUEL B. SANTOS, JR.

Senior Vice President, Regulatory Compliance

Officer

MA. ELIZABETH D. NASOL

Senior Vice President, Head of Human Resource

Management Group

BERNADETTE ANN V. POLICARPIO

Corporate Secretary

ANA MARIA A. KATIGBAK

Assistant Corporate Secretary

ERWIN O. AVANTE

Vice President, Head of Corporate Finance,

Compliance Officer for SEC and PSE

FERDINAND B. POBLETE

Vice President, Chief Information Officer, Head

of Information Technology Group

ARIEL ARMAN V. LAPUS

Vice President, Managing Director for Latin

America

JAMES ARNOLD D. VILLAROMAN

Vice President, Head of Leyte Geothermal

Business Unit

LIBERATO S. VIRATA

Vice President, Head of BGBU Project &

Resource Exploration Management

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

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

RAMON A. CARANDANG

Vice President, Head of Corporate Affairs Group

EMMANUEL C. PORTUGAL

Vice President, Chief Digital Transformation

Officer

GRACE STEPHANIE L. MARCELO

Vice President/Head of Treasury Department

GLENN L. TEE

Chief Audit Executive, Assistant Vice

President/Head of Internal Audit Group

RYAN Z. VELASCO

Assistant Vice President, Corporate Information

Officer, Head of Investor Relations

The Board elected the following members to the Nominations & Compensation, Audit & Governance, Risk Management, Corporate Social Responsibility, Related Party Transactions, and Operations Committees:

Nominations and Compensation Committee

Federico R. Lopez (Chairman)

Francis Giles B. Puno Manuel I. Ayala (Independent Director)

David Andrew Baldwin Joaquin E. Quintos IV

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 Jonathan C. Russell Joaquin E. Quintos IV David Andrew Baldwin

Management Representatives:

Nestor H. Vasay

Maribel A. Manlapaz

Risk Management Committee Francis Giles B. Puno (Chairman)

Jonathan C. Russell

David Andrew Baldwin Joaquin E. Quintos IV

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)

Richard B. Tantoco

Joaquin E. Quintos IV David Andrew Baldwin

Management Representatives:

Erwin O. Avante

Ramon A. Carandang

Related Party Transactions Committee Manuel I. Ayala (Independent Director) - Chairman

Edgar O. Chua (Independent Director) Francisco Ed. Lim (Independent Director)

Federico R. Lopez

Richard B. Tantoco Francis Giles B. Puno Jonathan C. Russell Joaquin E. Quintos IV David Andrew Baldwin

Management Representatives:

Nestor H. Vasay

Rassen M. Lopez

Operations Committee

Federico R. Lopez Richard B. Tantoco Francis Giles B. Puno Jonathan C. Russell Joaquin E. Quintos IV David Andrew Baldwin

Very truly yours,

Ryan Z. Velasco

Head of Investor Relations & Corporate Information Officer

cc: KATHLENE ANNE F. FAMADICO

OIC - Issuer Compliance and Disclosure Department (ICDD)

Philippine Dealing & Exchange Corp.

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Energy Development Corporation published this content on 09 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2018 03:40:06 UTC