PhilWeb Corporation announced that during the meeting of the board of directors meeting held on September 19, 2016, approved the appointment of Mr. Gregorio Ma. Araneta III as Chairman of the board of directors of the company, to replace Mr. Roberto V. Ongpin, who resigned from his position of Chairman last month. Mr. Araneta has been a Director of the company for a number of years, effective date of appointment on September 19, 2016.