Manila Electric Company's board of directors, in its regular meeting held on December 11, 2023, approved the following rank conferment effective January 1, 2024: Senior Vice President (SVP): Melanie T. Oteyza - Chief Audit Executive; Maria Luisa V. Alvendia - Chief Supply Chain Officer; Edgardo V. Carasig - Chief HR Officer & Head Corporate Services; Jose Ronald V. Valles - Head, Regulatory Management. Vice President (VP): Ariel G. Lucas ­ Head, Central Distribution Services; Danilo R. Ignacio ­ Head, Network Contract & Outsourcing Management; Noel S. Porciuncula ­ Head, Customer Process & Revenue Assurance; Ralph M. Menchavez ­ Head, Commercial Strategy & Business Performance; Paola Marguerite A. Verayo ­ Head, Revenue HR and Corporate Talent Management.