Phoenix Petroleum Philippines, Inc. Announces Board Changes
May 25, 2017 at 11:30 pm EDT
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Phoenix Petroleum Philippines, Inc. announced that Mr. Paul G. Dominguez, member of the company's board of directors has resigned from the board for personal and further endeavours. Mr. Dominguez has served the company as member of the board since 2013. The board has approved the appointment of Mr. Frederic C. Dybuncio to the board to serve the unexpired term of Mr. Dominguez. Mr. Dybuncio is currently the President of SM Investments Corporation. He is a Director of Atlas Consolidated Mining and Development Corporation, Premium Leisure Corp., 2Go Group, Inc., and Pacific Online Systems Corporation. Prior to holding the post, he was a career banker who spent over 20 years with JP Morgan Chase and its predecessor institutions. During his stint in the banking industry, he was assigned to various executive positions where he gained substantial professional experience in the areas of credit, relationship management and origination, investment banking, capital markets, and general management.
P-H-O-E-N-I-X Petroleum Philippines, Inc. is primarily engaged in marketing and distribution of petroleum products to retail and commercial and industrial customers, as well as operating oil depots, storage facilities, and other allied services. The Company's segments include Trading, Depot and Logistics Services, and Real Estate. The Trading segment is engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing and distributing goods and wares, such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins and lubricants, among others. The Depot and Logistics Services segment is engaged in operating oil depots and storage facilities and providing logistics services. The Real Estate segment is involved in real estate development, management and operations. The Companyâs products include fuels, lubricants, liquified petroleum gas (LPG), asphalt and PNX lubricants.