San Miguel Food and Beverage, Inc. Announces Board Changes
September 12, 2018 at 03:08 am EDT
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San Miguel Food and Beverage, Inc. at its EGM held on September 12, 2018, announced that Roberto N. Huang, Emmanuel B. Macalalag, Ferdinand K. Constantino, Aurora T. Calderon and Cirilo P. Noel (Independent) were duly elected as directors of the company to occupy five out of six new Board seats created upon approval by the stockholders of the increase in number of Board seats. The election of five new directors shall be subject to the approval by the Commission of the amendments of the Article of Incorporation to reflect such increase. The Board decided to advance the election of Mr. Cirilo P. Noel as Independent director vice Mr. Ronaldo L. Macaset, effective September 12, 2018, to serve the unexpired term of Mr. Macaset. The Board appointed Mr. Cirilo P. Noel as member of the Audit Committee and related party transaction of the company, effective September 12, 2018.
San Miguel Food and Beverage, Inc. is a food and beverage company. Its segments include Food, Beer and Non-alcoholic Beverages (NAB), and Spirits. The Food segment is engaged in processing and marketing of value-added refrigerated processed meats and canned meat products, manufacturing and marketing of butter, margarine, cheese, milk, ice cream, salad aids, and condiments, marketing of flour mixes and the importation and marketing of coffee and coffee related products; production and sale of feeds; poultry and livestock farming, processing and selling of poultry and fresh meats, and milling, production and marketing of flour and bakery ingredients, grain terminal handling, franchising and international operations. The Beer and NAB segment includes the production, marketing and selling of fermented, malt-based and non-alcoholic beverages. The Spirits segment is engaged in the production of hard liquor in the form of gin, Chinese wine, brandy, rum, vodka and other hard liquor variants.
SAN MIGUEL FOOD AND BEVERAGE, INC. 
