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.