First Philippine Holdings Corporation Announces Stepping Down of Richard B. Tantoco as Executive Vice President, Effective July 1, 2023

First Philippine Holdings Corporation is a Philippines-based holding company. It operates through four segments: Power Generation, Real Estate Development, Manufacturing, and Construction and other services. The Power generation segment includes the power generation operations of the subsidiaries under First Gen Corporation, including Energy Development Corporation (EDC) and its subsidiaries. The Real estate development segment consists of the residential and commercial real estate development and leasing under Rockwell Land Corporation and sale of industrial lots and lease of ready-built factories and commercial spaces under First Philippine Industrial Park, Inc. The Manufacturing segment is engaged in the production of electrical transformers under First Philippine Electric Corporation. The Construction and other services segment include construction, geothermal well drilling, oil transporting, healthcare product services, education, investment holdings, financing, and others.