The Management Team

Mr. Sabin M. Aboitiz, 56 years old, Filipino, was elected Director of the Company and appointed member of the Board Risk and Reputation Management Committee on 21 May 2018. He has been the Company’s President and Chief Executive Officer, Chairman of the Board Executive Committee, and member of the Board ESCG Committee since January 1, 2020.

He was previously appointed as the Company’s First Vice President from May 2014 to May 2015, Senior Vice President from May to December 2015, and Executive Vice President and Chief Operating Officer from December 2015 to December 2019. Mr. Aboitiz is currently the (i) Chairman of Aboitiz Foundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land, Inc., Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, Gold Coin Management Holdings, Ltd., CRH Aboitiz Holdings, Inc., SN Aboitiz Power-Benguet, Inc., Republic Cement Services, Inc. Filagri Holdings, Inc.; (ii) Director and President of ACO, AEV CRH Holdings, Inc., and AEV Aviation; and (ii) Director of UnionBank, a publicly-listed company, ACO Capital Ltd., Republic Cement & Building Materials, Inc., Metaphil, Inc., Apo Agua Infrastructura, Inc., Aboitiz Construction International, Inc., Aboitiz Construction, Inc., Aboitiz Impact Ventures, Inc., Aboitiz Airports Advisory Services Corporation, AboitizPower International Pte. Ltd., Archipelago Insurance Pte. Ltd., and AEV International Pte. Ltd. Mr. Aboitiz is also a member of the Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC).

He holds a degree in Business Administration, Major in Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Enrique M. Aboitiz, 67 years old, Filipino, was appointed Chairman of the Board on 11 December 2018. He has served as Director of the Company since 9 May 1994, and has been Chairman of the Board Risk and Reputation Management Committee since 11 February 2009, member of the Board ESCG Committee since 11 December 2018, and of the Executive Committee since 21 May 2018. He was also a member of the Board Audit Committee from 11 December 2018 to 30 January 2019.

He also served as the Vice Chairman of the Board of Directors of Aboitiz Power Corporation, a publicly-listed company, until 31 December 2019, and is currently Vice-Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Manuel R. Salak, III, 61 years old, Filipino, is currently an Independent Director of the Company and appointed Chairman of the Board Related Party Transactions Committee, and member of the Board ESCG Committee, the Board Audit Committee, and the Board Risk and Reputation Management Committee on 21 May 2018.

Mr. Salak is the Founder and Managing Director of AlphaPrimus Advisors Inc., a Philippine-based firm providing advice on mergers and acquisitions and capital raising activities for Philippine and Philippine-based clients. Mr. Salak is an adviser for special projects at the Asian Institute of Management and is a board director of the Ateneo Center for Economic Research Department. He is an Independent Director of Maxicare Philippines and a Trustee of World Surgical Foundation Philippines.

Mr. Salak previously served as (i) Managing Director, Head of Asia for Clients Coverage and Corporate Finance – ING Bank N.V., based in Singapore and covering 14 countries from 2008 to 2017; (ii) Managing Director and Country Head Philippines of ING Bank N.V. from 1999 to July 2008; and (iii) Managing Director and Head of Corporate & Investment Banking of ING Barings Philippines from 1999 to 2000. Mr. Salak earned his Bachelor of Science Degree in Economics (Honorable Mention) from the Ateneo de Manila University and completed his Master’s degree in Business Management from the Asian Institute of Management (AAA Awardee). He also completed several executive and management courses, including the Senior Executive Management Course and ING Business Manager Program from the ING Business School, Hamskerk, Netherlands, the Institut Européen d’ Administration des Affaires (INSEAD) Leadership Development Workshop in Singapore, and the Advanced Management Program from Harvard Business School, U.S.A. He is not a director of any other publicly-listed company. He is not connected with any government agency or instrumentality.

Ms. Joanne De Asis, 70 years old, Filipino, is Senior Adviser for Morgan Stanley & Co. (Morgan Stanley), an American multinational investment bank and financial services company listed at the New York Stock Exchange. Since she joined Morgan Stanley in 1977, Ms. De Asis rose through the ranks as she worked at the New York and London offices where she was involved in various cross-border strategic alliances, capital markets, and investment banking deals focusing on Asia and Pacific Regions. In 2005, she returned to Morgan Stanley in New York to serve as its Managing Director. In later years, she was instrumental in setting up the Morgan Stanley business in the Philippines and continues to run it via offices in Hongkong and Singapore.
Ms. De Asis is the Founder and Chairman of Globe Capital Partners LLC, a New Yorkbased boutique investment and private equity bank, since 1998.

She sits on several advisory boards, locally and globally, including International Institute for Strategic Studies in London; Annenberg Foundation Trust at Sunnylands in California; and Walton’s Crystal Bridges Museum in Arkansas; World Economy Council at the Aspen Institute, Colorado; and the APEC Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC). Ms. De Asis served as Advisor to the Treasury Department of the Bangko Sentral ng Pilipinas from 1984 to 1985; Director of Dillon Read & Company based in New York from 1986 to 1988; and Managing Director of Credit Suisse First Boston based in New York from 1989 to 1998. In 1999, she was chosen to be Grand Marshall, with then Mayor Rudy Giuliani, in the tri-state area representing Filipinos. She was Chairman of the Philippine-American Chamber of Commerce in New York City.

Ms. De Asis obtained her degree in Bachelor of Arts, Major in Communication Arts, from Maryknoll College, and Master of Business Administration from the Columbia University in New York, U.S.A. She also completed the Executive Management Program from Stanford University in Palo Alto California, U.S.A. She is an independent director of Easycall Communications Philippines, Inc., a publicly-listed company. She is not connected with any government agency or instrumentality.

Romeo L. Bernardo, 66 years old, Filipino, is an Independent Director of Aboitiz Power Corporation, a position he held since 19 May 2008. He is the Managing Director of Lazaro Bernardo Tiu and Associates, a boutique financial advisory firm based in Manila. He is also an economist of GlobalSource in the Philippines. He is Chairman of ALFM Family of Funds and Philippine Stock Index Fund. He is a Director of the following publicly-listed corporations: Globe Telecom, Inc. (Globe Telecom) and Bank of the Philippine Islands (BPI), and Independent Director of RFM Corporation and PHINMA, Inc.. He is also currently affiliated in various capacities with the Foundation for Economic Freedom, Management Association of the Philippines, FINEX Foundation, and World Bank Philippine Advisory Group.

Mr. Bernardo previously served as Undersecretary for International Finance of the Department of Finance, and as Alternate Executive Director of the Asian Development Bank. He has held various positions in government, including the National Power Corporation (NPC) and Philippine National Bank. He was a member of the Board of Trustees of the Philippine Institute for Development Studies from October 2005 until March 2016. He was an Advisor of the World Bank and the International Monetary Fund, and served as Deputy Chief of the Philippine Delegation to the General Agreement on Tariffs and Trade (World Trade Organization) in 1979. In the same year, he was Finance Attaché of the Philippine Mission to the United Nations in Geneva, Switzerland. He was formerly President of the Philippine Economics Society, Chairman of the Federation of ASEAN Economic Societies, and a faculty of the College of Business Administration of the University of the Philippines.

Mr. Bernardo holds a Bachelor of Science degree in Business Economics from the University of the Philippines (magna cum laude) and a Master’s degree in Development Economics from Williams College in Williamstown, Massachusetts, U.S.A. where he graduated top of the class. He is not connected with any government agency or instrumentality.

Mr. David Jude L. Sta. Ana, 51 years old, Filipino, was appointed Senior Vice President and Chief External Affairs Officer last October 1, 2018. Prior to his appointment, he was First Vice President for Government Relations since September 1, 2016.

Mr. Sta. Ana brings to the Group his experience in broadcast, digital, and print media, with focus on major news coverage, crisis management, planning, and operations. Prior to joining AEV, he was the Head for News Operations of TV5 Network, Inc. where he handled the day to day operations of the Philippines’ third largest television network, including news gathering and content generation for its television, radio and digital platforms. Mr. Sta. Ana also served as news director handling the control, operational and administrative responsibilities for news gathering for two of the country’s major broadcast organizations, namely ABS-CBN Broadcasting Corporation and GMA Network, Inc., both publicly-listed companies.

Mr. Sta Ana earned his Bachelor’s Degree in Journalism from the University of the Philippines – Diliman. He also completed the Newsroom Operation and Newsroom Management Training conducted by the U.S. Radio and Television News Directors Association in Los Angeles, California, U.S.A. He is not connected with any government agency or instrumentality. He is

also not a director of any publicly-listed company.

Ms. Susan V. Valdez, 58 years old, Filipino, is the Senior Vice President and Chief Human Resources Officer of AEV effective January 1, 2019. She held various executive positions at AEV for the past seven years; namely, Senior Vice President and Chief Corporate Services Officer, Chief Reputation and Risk Management Officer and Chief Reputation Officer. Ms. Valdez is the Senior Vice President and Chief Reputation and Risk Management Officer of AboitizPower, a publicly-listed company. She is an ex-officio member of AEV Board Corporate Governance Committee since January 1, 2019 and AboitizPower Board Risk & Reputation Committee since May 21, 2012. She is currently President and Trustee of Aboitiz Foundation and WeatherPhilippines. Before joining AEV in September, 2011, she held various executive positions for 15 years in Aboitiz Transport Systems Corporation (ATSC) (now 2GO Group, Inc., a publicly-listed company), as Chief Finance Officer, Chief Information Officer, and Chief Operating Officer of its freight and supply chain business units. Ms. Valdez s a Certified Public Accountant, and graduated cumlaude from St. Theresa’s College with a degree of Bachelor of Science in Commerce, Major in Accounting. She earned her Master’s degree in Business Management from the University of the Philippines, and completed a program on Management Development at Harvard Business School. She is not connected with any government agency or instrumentality. She is not a director of any publicly-listed company.

Mr. Manuel Alberto R. Colayco was appointed as the Company’s Corporate Secretary and Chief Compliance Officer on 1 March 2018. Concurrently, he has been Senior Vice President and Chief Legal Officer of the Company since October 1 2019, and Corporate Secretary of AboitizPower since 1 March 2018. Mr. Colayco has practiced in the areas of corporate law, mergers and acquisitions, joint ventures, securities regulation, corporate and financial restructuring, and litigation. Prior to joining the Aboitiz Group, Mr. Colayco acted as an independent legal consultant providing professional advice, representation, and transactional assistance to private companies and individuals. His previous work experience includes General Counsel for AGP International Holdings Ltd. and Atlantic, Gulf & Pacific Company of Manila, Inc. from August 2013 to December 2014; Executive Director and Assistant General Counsel of J.P. Morgan Chase Bank N.A. from July 2010 to August 2013; and Vice President and Legal Counsel of DKR Oasis (Hong Kong) LLC, a private investment management firm, from August 2007 until March 2010. He was an Associate at Skadden, Arps, Slate, Meagher &Flom, LLP from 2000 to 2007, and at Romulo Mabanta Buenaventura Sayoc & De Los Angeles from 1996 to 2000.

Mr. Colayco earned his undergraduate and Juris Doctor degrees from the Ateneo de Manila University, and a Master of Laws degree from the New York University School of Law, U.S.A. He is a member in good standing of the Integrated Bar of the Philippines and the New York State Bar. He is not connected with any government agency or instrumentality. He is also not a director of any publicly listed company

Mr. Sabin M. Aboitiz, 56 years old, Filipino, was elected Director of the Company and appointed member of the Board Risk and Reputation Management Committee on 21 May 2018. He has been the Company’s President and Chief Executive Officer, Chairman of the Board Executive Committee, and member of the Board ESCG Committee since January 1, 2020.

He was previously appointed as the Company’s First Vice President from May 2014 to May 2015, Senior Vice President from May to December 2015, and Executive Vice President and Chief Operating Officer from December 2015 to December 2019. Mr. Aboitiz is currently the (i) Chairman of Aboitiz Foundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land, Inc., Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, Gold Coin Management Holdings, Ltd., CRH Aboitiz Holdings, Inc., SN Aboitiz Power-Benguet, Inc., Republic Cement Services, Inc. Filagri Holdings, Inc.; (ii) Director and President of ACO, AEV CRH Holdings, Inc., and AEV Aviation; and (ii) Director of UnionBank, a publicly-listed company, ACO Capital Ltd., Republic Cement & Building Materials, Inc., Metaphil, Inc., Apo Agua Infrastructura, Inc., Aboitiz Construction International, Inc., Aboitiz Construction, Inc., Aboitiz Impact Ventures, Inc., Aboitiz Airports Advisory Services Corporation, AboitizPower International Pte. Ltd., Archipelago Insurance Pte. Ltd., and AEV International Pte. Ltd. Mr. Aboitiz is also a member of the Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC).

He holds a degree in Business Administration, Major in Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Erramon I. Aboitiz, 64 years old, Filipino, has been a Director of the Company since 9 May 1994, a member of the Board Risk and Reputation Management Committee since 18 May 2015, a member of the Board Audit Committee since January 1 2020, and was Chairman of the Executive Committee from 21 May 2018 to 31 December 2019 and its Vice Chairman since 1 January 2020. He served as President and Chief Executive Officer of the Company from 5 January 2009 to 31 December 2019, and Executive Vice President and Chief Operating Officer from 1994 to December 2008.

Mr. Aboitiz is also the Chairman of the Board of Directors of Aboitiz Power Corporation and Union Bank of the Philippines (UnionBank), both publicly-listed companies, and Manila-Oslo Renewable Enterprise, Inc. He is a Director of ACO, and Trustee of the Philippine Disaster Recovery Foundation and the Asian Institute of Management. Mr. Aboitiz was awarded the Management Association of the Philippines Management Man of the Year and Ernst & Young’s Entrepreneur of the Year, both in 2011.

Mr. Aboitiz earned a Bachelor of Science degree in Business Administration, Major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He was also conferred an Honorary Doctorate Degree in Management by the Asian Institute of Management. He is not connected with any government agency or instrumentality.

Mr. Mikel A. Aboitiz, 66 years old, Filipino, was appointed Vice Chairman of the Board of Directors on 11 December 2018, and has served as Director since 15 May 2017. He is also a member of the Executive Committee since 21 May 2018 and of the Board Risk and Reputation Management Committee since 11 December 2018. Mr. Aboitiz has served as Senior Vice President of the Company from 2004 to 2015, a member of the Company’s Board Audit Committee and Board ESCG Committee, positions which he held from May 2017 to 31 December 2019.

Mr. Aboitiz has been Director of Aboitiz Power Corporation, a publicly-listed company, since 13 February 1998, and was appointed as its Vice Chairman of the Board of Directors on 1 January 2020. He was formerly Vice Chairman of City Savings Bank, Inc. from 2015 to 2016, and its President and Chief Executive Officer from 2001 to 2014. He is currently Chairman of the Board of ACO; and Trustee and Chairman of Ramon Aboitiz Foundation, Inc.

Mr. Aboitiz holds a degree in Bachelor of Science in Business Administration from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Enrique M. Aboitiz, 67 years old, Filipino, was appointed Chairman of the Board on 11 December 2018. He has served as Director of the Company since 9 May 1994, and has been Chairman of the Board Risk and Reputation Management Committee since 11 February 2009, member of the Board ESCG Committee since 11 December 2018, and of the Executive Committee since 21 May 2018. He was also a member of the Board Audit Committee from 11 December 2018 to 30 January 2019.

He also served as the Vice Chairman of the Board of Directors of Aboitiz Power Corporation, a publicly-listed company, until 31 December 2019, and is currently Vice-Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Manuel R. Salak, III, 61 years old, Filipino, is currently an Independent Director of the Company and appointed Chairman of the Board Related Party Transactions Committee, and member of the Board ESCG Committee, the Board Audit Committee, and the Board Risk and Reputation Management Committee on 21 May 2018.

Mr. Salak is the Founder and Managing Director of AlphaPrimus Advisors Inc., a Philippine-based firm providing advice on mergers and acquisitions and capital raising activities for Philippine and Philippine-based clients. Mr. Salak is an adviser for special projects at the Asian Institute of Management and is a board director of the Ateneo Center for Economic Research Department. He is an Independent Director of Maxicare Philippines and a Trustee of World Surgical Foundation Philippines.

Mr. Salak previously served as (i) Managing Director, Head of Asia for Clients Coverage and Corporate Finance – ING Bank N.V., based in Singapore and covering 14 countries from 2008 to 2017; (ii) Managing Director and Country Head Philippines of ING Bank N.V. from 1999 to July 2008; and (iii) Managing Director and Head of Corporate & Investment Banking of ING Barings Philippines from 1999 to 2000. Mr. Salak earned his Bachelor of Science Degree in Economics (Honorable Mention) from the Ateneo de Manila University and completed his Master’s degree in Business Management from the Asian Institute of Management (AAA Awardee). He also completed several executive and management courses, including the Senior Executive Management Course and ING Business Manager Program from the ING Business School, Hamskerk, Netherlands, the Institut Européen d’ Administration des Affaires (INSEAD) Leadership Development Workshop in Singapore, and the Advanced Management Program from Harvard Business School, U.S.A. He is not a director of any other publicly-listed company. He is not connected with any government agency or instrumentality.

Ms. Joanne De Asis, 70 years old, Filipino, is Senior Adviser for Morgan Stanley & Co. (Morgan Stanley), an American multinational investment bank and financial services company listed at the New York Stock Exchange. Since she joined Morgan Stanley in 1977, Ms. De Asis rose through the ranks as she worked at the New York and London offices where she was involved in various cross-border strategic alliances, capital markets, and investment banking deals focusing on Asia and Pacific Regions. In 2005, she returned to Morgan Stanley in New York to serve as its Managing Director. In later years, she was instrumental in setting up the Morgan Stanley business in the Philippines and continues to run it via offices in Hongkong and Singapore.
Ms. De Asis is the Founder and Chairman of Globe Capital Partners LLC, a New Yorkbased boutique investment and private equity bank, since 1998.

She sits on several advisory boards, locally and globally, including International Institute for Strategic Studies in London; Annenberg Foundation Trust at Sunnylands in California; and Walton’s Crystal Bridges Museum in Arkansas; World Economy Council at the Aspen Institute, Colorado; and the APEC Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC). Ms. De Asis served as Advisor to the Treasury Department of the Bangko Sentral ng Pilipinas from 1984 to 1985; Director of Dillon Read & Company based in New York from 1986 to 1988; and Managing Director of Credit Suisse First Boston based in New York from 1989 to 1998. In 1999, she was chosen to be Grand Marshall, with then Mayor Rudy Giuliani, in the tri-state area representing Filipinos. She was Chairman of the Philippine-American Chamber of Commerce in New York City.

Ms. De Asis obtained her degree in Bachelor of Arts, Major in Communication Arts, from Maryknoll College, and Master of Business Administration from the Columbia University in New York, U.S.A. She also completed the Executive Management Program from Stanford University in Palo Alto California, U.S.A. She is an independent director of Easycall Communications Philippines, Inc., a publicly-listed company. She is not connected with any government agency or instrumentality.

Romeo L. Bernardo, 66 years old, Filipino, is an Independent Director of Aboitiz Power Corporation, a position he held since 19 May 2008. He is the Managing Director of Lazaro Bernardo Tiu and Associates, a boutique financial advisory firm based in Manila. He is also an economist of GlobalSource in the Philippines. He is Chairman of ALFM Family of Funds and Philippine Stock Index Fund. He is a Director of the following publicly-listed corporations: Globe Telecom, Inc. (Globe Telecom) and Bank of the Philippine Islands (BPI), and Independent Director of RFM Corporation and PHINMA, Inc.. He is also currently affiliated in various capacities with the Foundation for Economic Freedom, Management Association of the Philippines, FINEX Foundation, and World Bank Philippine Advisory Group.

Mr. Bernardo previously served as Undersecretary for International Finance of the Department of Finance, and as Alternate Executive Director of the Asian Development Bank. He has held various positions in government, including the National Power Corporation (NPC) and Philippine National Bank. He was a member of the Board of Trustees of the Philippine Institute for Development Studies from October 2005 until March 2016. He was an Advisor of the World Bank and the International Monetary Fund, and served as Deputy Chief of the Philippine Delegation to the General Agreement on Tariffs and Trade (World Trade Organization) in 1979. In the same year, he was Finance Attaché of the Philippine Mission to the United Nations in Geneva, Switzerland. He was formerly President of the Philippine Economics Society, Chairman of the Federation of ASEAN Economic Societies, and a faculty of the College of Business Administration of the University of the Philippines.

Mr. Bernardo holds a Bachelor of Science degree in Business Economics from the University of the Philippines (magna cum laude) and a Master’s degree in Development Economics from Williams College in Williamstown, Massachusetts, U.S.A. where he graduated top of the class. He is not connected with any government agency or instrumentality.

Mr. Manuel R. Lozano has been Senior Vice President, Chief Financial Officer and Chief Corporate Information Officer of the Company since 18 May 2015. He is also an Ex-Officio Member of the Board Risk and Reputation Management Committee since 18 May 2015, and of the Executive Committee since 21 May 2018. Mr. Lozano holds various positions within the Aboitiz Group. He is currently the (i) Chairman of the Board and Chief Executive Officer of Lima Water Corporation; (ii) Treasurer of Aboitiz Construction, Inc., Aboitiz Construction International, Inc., CRH Aboitiz Holdings, Inc., DDLS Aboitiz Inc., and Metaphil, Inc.; (iii) Chief Financial Officer and Treasurer of Apo Agua Infrastructura, Inc; (iv) Trustee and Treasurer of Aboitiz Foundation; (v) Director and Treasurer of Aboitiz InfraCapital, Inc., Aboitiz Airports Advisory Services Corporation, AEV CRH Holdings, Inc., AEV
Properties, Inc., Seateach Incorporated Aboitiz Impact Ventures, Inc.; (vi) Director and Vice President of AEV Aviation; (vii) Director of Pilmico Animal Nutrition Corporation, Pilmico Foods Corporation, Republic Cement and Building Materials, Inc., Union Bank of the
Philippines, Cebu Praedia Development Corporation, AEV International Pte Ltd., Archipelago Insurance Pte Ltd.; and (viii) Alternate Director of Pilmico International Pte. Ltd. (Pilmico International), Pilmico Aqua Pte. Ltd. and AboitizPower International.

Mr. Lozano was First Vice President, Chief Financial Officer and Corporate Information Officer of AboitizPower from 2014 to 2015; and was First Vice
President – Chief Financial Officer of AboitizPower Generation from 2008 to 2013. Before joining the Aboitiz Group, he was the Chief Financial Officer and a director of Paxys, Inc., a publicly listed company, focused on the business process outsourcing industry and other IT-related sectors within the Asia Pacific region. He was also a director of Corporate Finance and Investment at NGL Pacific Ltd., a Regional Operating Headquarter related to the Usaha Tegas group of Malaysia. He also held various positions in financial institutions including Jardine Fleming and CLSA.

He earned his Bachelor of Science in Business Administration degree from the University of thePhilippines – Diliman and his Master’s Degree in
Business Administration from the Wharton School of the University of Pennsylvania, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Christopher P. Beshouri was appointed Executive Director – Chief Strategy Officer on October 3, 2018. He brings to the Group his experience in corporate strategy, business planning, strategic partnership and investments, and performance management. He has almost three decades of experience in banking, energy, telecommunications, retail, and business process outsourcing across multiple jurisdictions in Asia. Before joining the Company, Mr. Beshouri headed the VICSAL Development Corporation from 2013 to 2018. He was Independent Director of GT Capital Holdings, Inc. from 2013 to 2017.

He also held various top management positions at McKinsey and Company as President and Chief Executive Officer for Philippines from 2005 to 2013, Chief of Staff for Asia from 2004 to 2005, and Associate Principal from 1997 to 2004. He also served in the United States Treasury as a Senior Financial Economist and Director from 1989 to 1997, focusing on financial markets and banking regulations, and he also taught financial markets and banking at Georgetown University, U.S.A.

Mr. Beshouri earned his Bachelor of Arts degree (Dual Major in Economics and Public Policy) from the Michigan State University, U.S.A and his Master’s degree in Public Affairs from Princeton University, U.S.A.

He is not connected with any government agency or instrumentality. He is not a director of any publicly listed company.

Mr. Manuel R. Lozano has been Senior Vice President, Chief Financial Officer and Chief Corporate Information Officer of the Company since 18 May 2015. He is also an Ex-Officio Member of the Board Risk and Reputation Management Committee since 18 May 2015, and of the Executive Committee since 21 May 2018. Mr. Lozano holds various positions within the Aboitiz Group. He is currently the (i) Chairman of the Board and Chief Executive Officer of Lima Water Corporation; (ii) Treasurer of Aboitiz Construction, Inc., Aboitiz Construction International, Inc., CRH Aboitiz Holdings, Inc., DDLS Aboitiz Inc., and Metaphil, Inc.; (iii) Chief Financial Officer and Treasurer of Apo Agua Infrastructura, Inc; (iv) Trustee and Treasurer of Aboitiz Foundation; (v) Director and Treasurer of Aboitiz InfraCapital, Inc., Aboitiz Airports Advisory Services Corporation, AEV CRH Holdings, Inc., AEV
Properties, Inc., Seateach Incorporated Aboitiz Impact Ventures, Inc.; (vi) Director and Vice President of AEV Aviation; (vii) Director of Pilmico Animal Nutrition Corporation, Pilmico Foods Corporation, Republic Cement and Building Materials, Inc., Union Bank of the Philippines, Cebu Praedia Development Corporation, AEV International Pte Ltd., Archipelago Insurance Pte Ltd.; and (viii) Alternate Director of Pilmico International Pte. Ltd. (Pilmico International), Pilmico Aqua Pte. Ltd. and AboitizPower International.

Mr. Lozano was First Vice President, Chief Financial Officer and Corporate Information Officer of AboitizPower from 2014 to 2015; and was First Vice President – Chief Financial Officer of AboitizPower Generation from 2008 to 2013. Before joining the Aboitiz Group, he was the Chief Financial Officer and a director of Paxys, Inc., a publicly listed company, focused on the business process outsourcing industry and other IT-related sectors within the Asia Pacific region. He was also a director of Corporate Finance and Investment at NGL Pacific Ltd., a Regional Operating Headquarter related to the Usaha Tegas group of Malaysia. He also held various positions in financial institutions including Jardine Fleming and CLSA.

He earned his Bachelor of Science in Business Administration degree from the University of thePhilippines – Diliman and his Master’s Degree in Business Administration from the Wharton School of the University of Pennsylvania, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Robert McGregor is Executive Director – Chief Investments Officer of the Company since October 3, 2018. He is concurrently Executive Director – Chief Investments Officer of AboitizPower, a publicly listed company, a position he has held since June 1, 2018. He joined the Company as Senior Vice President – Chief Strategy Officer in May 2014 before his appointment as Executive Director – Chief Investments Officer in 2018.

Mr. McGregor brings with him a wealth of experience in management, investment banking and private equity investing with almost 39 years of experience in energy markets. He has extensive experience in corporate strategy, marketing and business planning in oil, gas and electricity industries in the United Kingdom. He moved to Hong Kong in 1997 and enjoyed an 11-year career in regional investment banking, before moving to Singapore to take up partnership in Actis, an emerging-market private equity firm.

In 2012, he returned to Hong Kong with Hongkong and Shanghai Banking Corporation as an investment banker. Mr. McGregor completed his Honours Degree in Applied Chemistry from The University of Strathclyde, United Kingdom and obtained his Master’s Degree in Business Administration from the same university.

He is not connected with any government agency or instrumentality. He is not a director of any publicly listed company.

Mr. Enrique M. Aboitiz, 67 years old, Filipino, was appointed Chairman of the Board on 11 December 2018. He has served as Director of the Company since 9 May 1994, and has been Chairman of the Board Risk and Reputation Management Committee since 11 February 2009, member of the Board ESCG Committee since 11 December 2018, and of the Executive Committee since 21 May 2018. He was also a member of the Board Audit Committee from 11 December 2018 to 30 January 2019.

He also served as the Vice Chairman of the Board of Directors of Aboitiz Power Corporation, a publicly-listed company, until 31 December 2019, and is currently Vice-Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Erramon I. Aboitiz, 64 years old, Filipino, has been a Director of the Company since 9 May 1994, a member of the Board Risk and Reputation Management Committee since 18 May 2015, a member of the Board Audit Committee since January 1 2020, and was Chairman of the Executive Committee from 21 May 2018 to 31 December 2019 and its Vice Chairman since 1 January 2020. He served as President and Chief Executive Officer of the Company from 5 January 2009 to 31 December 2019, and Executive Vice President and Chief Operating Officer from 1994 to December 2008.

Mr. Aboitiz is also the Chairman of the Board of Directors of Aboitiz Power Corporation and Union Bank of the Philippines (UnionBank), both publicly-listed companies, and Manila-Oslo Renewable Enterprise, Inc. He is a Director of ACO, and Trustee of the Philippine Disaster Recovery Foundation and the Asian Institute of Management. Mr. Aboitiz was awarded the Management Association of the Philippines Management Man of the Year and Ernst & Young’s Entrepreneur of the Year, both in 2011.

Mr. Aboitiz earned a Bachelor of Science degree in Business Administration, Major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He was also conferred an Honorary Doctorate Degree in Management by the Asian Institute of Management. He is not connected with any government agency or instrumentality.

Mr. Sabin M. Aboitiz, 56 years old, Filipino, was elected Director of the Company and appointed member of the Board Risk and Reputation Management Committee on 21 May 2018. He has been the Company’s President and Chief Executive Officer, Chairman of the Board Executive Committee, and member of the Board ESCG Committee since January 1, 2020.

He was previously appointed as the Company’s First Vice President from May 2014 to May 2015, Senior Vice President from May to December 2015, and Executive Vice President and Chief Operating Officer from December 2015 to December 2019. Mr. Aboitiz is currently the (i) Chairman of Aboitiz Foundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land, Inc., Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, Gold Coin Management Holdings, Ltd., CRH Aboitiz Holdings, Inc., SN Aboitiz Power-Benguet, Inc., Republic Cement Services, Inc. Filagri Holdings, Inc.; (ii) Director and President of ACO, AEV CRH Holdings, Inc., and AEV Aviation; and (ii) Director of UnionBank, a publicly-listed company, ACO Capital Ltd., Republic Cement & Building Materials, Inc., Metaphil, Inc., Apo Agua Infrastructura, Inc., Aboitiz Construction International, Inc., Aboitiz Construction, Inc., Aboitiz Impact Ventures, Inc., Aboitiz Airports Advisory Services Corporation, AboitizPower International Pte. Ltd., Archipelago Insurance Pte. Ltd., and AEV International Pte. Ltd. Mr. Aboitiz is also a member of the Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC).

He holds a degree in Business Administration, Major in Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Justo A. Ortiz, 63 years old, Filipino, is currently the Vice Chairman of UnionBank, a publicly-listed company, and has served as its Chairman and Chief Executive Officer from 1993 to 2017. He is also the Chairman and/or Director of various subsidiaries of UnionBank: PETNET, Inc., City Savings Bank, Inc., UBP Investments Corporation, UBX Philippines Corporation.

Mr. Ortiz is also the Chairman of the Board of Philippine Payments Management, Inc., Fintech Philippines Association, Inc. and Distributed Ledger Technology Association of the Philippines, Inc. Director of the Concepcion Industrial Corporation. He is a Member of the Board of Trustees of The Insular Life Assurance Co., Ltd., Member of the Management Association of the Philippines, Member of the Board of Trustees of Philippine Trade Foundation, Inc., Makati Business Club and World Presidents Organization.

Mr. Ortiz has previously served as Director of AEV from 1994 to 2017, and a member of the Board Audit Committee from 2006 to 2017 and the Board Risk and Reputation Management Committee from 2009 to 2017.

Mr. Ortiz became a member of the Claustro de Profesores of the University of Santo Tomas (UST) as he was conferred a Doctor of Humanities degree, Honoris Causa in 2015. He graduated Magna Cum Laude with a degree in the Economics Honors Program from Ateneo de Manila University. He is not connected with any government agency or instrumentality.

Mr. Mikel A. Aboitiz, 66 years old, Filipino, was appointed Vice Chairman of the Board of Directors on 11 December 2018, and has served as Director since 15 May 2017. He is also a member of the Executive Committee since 21 May 2018 and of the Board Risk and Reputation Management Committee since 11 December 2018. Mr. Aboitiz has served as Senior Vice President of the Company from 2004 to 2015, a member of the Company’s Board Audit Committee and Board ESCG Committee, positions which he held from May 2017 to 31 December 2019.

Mr. Aboitiz has been Director of Aboitiz Power Corporation, a publicly-listed company, since 13 February 1998, and was appointed as its Vice Chairman of the Board of Directors on 1 January 2020. He was formerly Vice Chairman of City Savings Bank, Inc. from 2015 to 2016, and its President and Chief Executive Officer from 2001 to 2014. He is currently Chairman of the Board of ACO; and Trustee and Chairman of Ramon Aboitiz Foundation, Inc.

Mr. Aboitiz holds a degree in Bachelor of Science in Business Administration from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Christopher P. Beshouri was appointed Executive Director – Chief Strategy Officer on October 3, 2018. He brings to the Group his experience in corporate strategy, business planning, strategic partnership and investments, and performance management. He has almost three decades of experience in banking, energy, telecommunications, retail, and business process outsourcing across multiple jurisdictions in Asia. Before joining the Company, Mr. Beshouri headed the VICSAL Development Corporation from 2013 to 2018. He was Independent Director of GT Capital Holdings, Inc. from 2013 to 2017.

He also held various top management positions at McKinsey and Company as President and Chief Executive Officer for Philippines from 2005 to 2013, Chief of Staff for Asia from 2004 to 2005, and Associate Principal from 1997 to 2004. He also served in the United States Treasury as a Senior Financial Economist and Director from 1989 to 1997, focusing on financial markets and banking regulations, and he also taught financial markets and banking at Georgetown University, U.S.A.

Mr. Beshouri earned his Bachelor of Arts degree (Dual Major in Economics and Public Policy) from the Michigan State University, U.S.A and his Master’s degree in Public Affairs from Princeton University, U.S.A.

He is not connected with any government agency or instrumentality. He is not a director of any publicly listed company.

Mr. Manuel R. Lozano has been Senior Vice President, Chief Financial Officer and Chief Corporate Information Officer of the Company since 18 May 2015. He is also an Ex-Officio Member of the Board Risk and Reputation Management Committee since 18 May 2015, and of the Executive Committee since 21 May 2018. Mr. Lozano holds various positions within the Aboitiz Group. He is currently the (i) Chairman of the Board and Chief Executive Officer of Lima Water Corporation; (ii) Treasurer of Aboitiz Construction, Inc., Aboitiz Construction International, Inc., CRH Aboitiz Holdings, Inc., DDLS Aboitiz Inc., and Metaphil, Inc.; (iii) Chief Financial Officer and Treasurer of Apo Agua Infrastructura, Inc; (iv) Trustee and Treasurer of Aboitiz Foundation; (v) Director and Treasurer of Aboitiz InfraCapital, Inc., Aboitiz Airports Advisory Services Corporation, AEV CRH Holdings, Inc., AEV
Properties, Inc., Seateach Incorporated Aboitiz Impact Ventures, Inc.; (vi) Director and Vice President of AEV Aviation; (vii) Director of Pilmico Animal Nutrition Corporation, Pilmico Foods Corporation, Republic Cement and Building Materials, Inc., Union Bank of the Philippines, Cebu Praedia Development Corporation, AEV International Pte Ltd., Archipelago Insurance Pte Ltd.; and (viii) Alternate Director of Pilmico International Pte. Ltd. (Pilmico International), Pilmico Aqua Pte. Ltd. and AboitizPower International.

Mr. Lozano was First Vice President, Chief Financial Officer and Corporate Information Officer of AboitizPower from 2014 to 2015; and was First Vice President – Chief Financial Officer of AboitizPower Generation from 2008 to 2013. Before joining the Aboitiz Group, he was the Chief Financial Officer and a director of Paxys, Inc., a publicly listed company, focused on the business process outsourcing industry and other IT-related sectors within the Asia Pacific region. He was also a director of Corporate Finance and Investment at NGL Pacific Ltd., a Regional Operating Headquarter related to the Usaha Tegas group of Malaysia. He also held various positions in financial institutions including Jardine Fleming and CLSA.

He earned his Bachelor of Science in Business Administration degree from the University of thePhilippines – Diliman and his Master’s Degree in Business Administration from the Wharton School of the University of Pennsylvania, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Robert McGregor is Executive Director – Chief Investments Officer of the Company since October 3, 2018. He is concurrently Executive Director – Chief Investments Officer of AboitizPower, a publicly listed company, a position he has held since June 1, 2018. He joined the Company as Senior Vice President – Chief Strategy Officer in May 2014 before his appointment as Executive Director – Chief Investments Officer in 2018.

Mr. McGregor brings with him a wealth of experience in management, investment banking and private equity investing with almost 39 years of experience in energy markets. He has extensive experience in corporate strategy, marketing and business planning in oil, gas and electricity industries in the United Kingdom. He moved to Hong Kong in 1997 and enjoyed an 11-year career in regional investment banking, before moving to Singapore to take up partnership in Actis, an emerging-market private equity firm.

In 2012, he returned to Hong Kong with Hongkong and Shanghai Banking Corporation as an investment banker. Mr. McGregor completed his Honours Degree in Applied Chemistry from The University of Strathclyde, United Kingdom and obtained his Master’s Degree in Business Administration from the same university.

He is not connected with any government agency or instrumentality. He is not a director of any publicly listed company.

Mr. Enrique M. Aboitiz, 67 years old, Filipino, was appointed Chairman of the Board on 11 December 2018. He has served as Director of the Company since 9 May 1994, and has been Chairman of the Board Risk and Reputation Management Committee since 11 February 2009, member of the Board ESCG Committee since 11 December 2018, and of the Executive Committee since 21 May 2018. He was also a member of the Board Audit Committee from 11 December 2018 to 30 January 2019.

He also served as the Vice Chairman of the Board of Directors of Aboitiz Power Corporation, a publicly-listed company, until 31 December 2019, and is currently Vice-Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Erramon I. Aboitiz, 64 years old, Filipino, has been a Director of the Company since 9 May 1994, a member of the Board Risk and Reputation Management Committee since 18 May 2015, a member of the Board Audit Committee since January 1 2020, and was Chairman of the Executive Committee from 21 May 2018 to 31 December 2019 and its Vice Chairman since 1 January 2020. He served as President and Chief Executive Officer of the Company from 5 January 2009 to 31 December 2019, and Executive Vice President and Chief Operating Officer from 1994 to December 2008.

Mr. Aboitiz is also the Chairman of the Board of Directors of Aboitiz Power Corporation and Union Bank of the Philippines (UnionBank), both publicly-listed companies, and Manila-Oslo Renewable Enterprise, Inc. He is a Director of ACO, and Trustee of the Philippine Disaster Recovery Foundation and the Asian Institute of Management. Mr. Aboitiz was awarded the Management Association of the Philippines Management Man of the Year and Ernst & Young’s Entrepreneur of the Year, both in 2011.

Mr. Aboitiz earned a Bachelor of Science degree in Business Administration, Major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He was also conferred an Honorary Doctorate Degree in Management by the Asian Institute of Management. He is not connected with any government agency or instrumentality.

Mr. Sabin M. Aboitiz, 56 years old, Filipino, was elected Director of the Company and appointed member of the Board Risk and Reputation Management Committee on 21 May 2018. He has been the Company’s President and Chief Executive Officer, Chairman of the Board Executive Committee, and member of the Board ESCG Committee since January 1, 2020.

He was previously appointed as the Company’s First Vice President from May 2014 to May 2015, Senior Vice President from May to December 2015, and Executive Vice President and Chief Operating Officer from December 2015 to December 2019. Mr. Aboitiz is currently the (i) Chairman of Aboitiz Foundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land, Inc., Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, Gold Coin Management Holdings, Ltd., CRH Aboitiz Holdings, Inc., SN Aboitiz Power-Benguet, Inc., Republic Cement Services, Inc. Filagri Holdings, Inc.; (ii) Director and President of ACO, AEV CRH Holdings, Inc., and AEV Aviation; and (ii) Director of UnionBank, a publicly-listed company, ACO Capital Ltd., Republic Cement & Building Materials, Inc., Metaphil, Inc., Apo Agua Infrastructura, Inc., Aboitiz Construction International, Inc., Aboitiz Construction, Inc., Aboitiz Impact Ventures, Inc., Aboitiz Airports Advisory Services Corporation, AboitizPower International Pte. Ltd., Archipelago Insurance Pte. Ltd., and AEV International Pte. Ltd. Mr. Aboitiz is also a member of the Business Advisory Council (ABAC) of the AsiaPacific Economic Cooperation (APEC).

He holds a degree in Business Administration, Major in Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Justo A. Ortiz, 63 years old, Filipino, is currently the Vice Chairman of UnionBank, a publicly-listed company, and has served as its Chairman and Chief Executive Officer from 1993 to 2017. He is also the Chairman and/or Director of various subsidiaries of UnionBank: PETNET, Inc., City Savings Bank, Inc., UBP Investments Corporation, UBX Philippines Corporation.

Mr. Ortiz is also the Chairman of the Board of Philippine Payments Management, Inc., Fintech Philippines Association, Inc. and Distributed Ledger Technology Association of the Philippines, Inc. Director of the Concepcion Industrial Corporation. He is a Member of the Board of Trustees of The Insular Life Assurance Co., Ltd., Member of the Management Association of the Philippines, Member of the Board of Trustees of Philippine Trade Foundation, Inc., Makati Business Club and World Presidents Organization.

Mr. Ortiz has previously served as Director of AEV from 1994 to 2017, and a member of the Board Audit Committee from 2006 to 2017 and the Board Risk and Reputation Management Committee from 2009 to 2017.

Mr. Ortiz became a member of the Claustro de Profesores of the University of Santo Tomas (UST) as he was conferred a Doctor of Humanities degree, Honoris Causa in 2015. He graduated Magna Cum Laude with a degree in the Economics Honors Program from Ateneo de Manila University. He is not connected with any government agency or instrumentality.

Mr. Mikel A. Aboitiz, 66 years old, Filipino, was appointed Vice Chairman of the Board of Directors on 11 December 2018, and has served as Director since 15 May 2017. He is also a member of the Executive Committee since 21 May 2018 and of the Board Risk and Reputation Management Committee since 11 December 2018. Mr. Aboitiz has served as Senior Vice President of the Company from 2004 to 2015, a member of the Company’s Board Audit Committee and Board ESCG Committee, positions which he held from May 2017 to 31 December 2019.

Mr. Aboitiz has been Director of Aboitiz Power Corporation, a publicly-listed company, since 13 February 1998, and was appointed as its Vice Chairman of the Board of Directors on 1 January 2020. He was formerly Vice Chairman of City Savings Bank, Inc. from 2015 to 2016, and its President and Chief Executive Officer from 2001 to 2014. He is currently Chairman of the Board of ACO; and Trustee and Chairman of Ramon Aboitiz Foundation, Inc.

Mr. Aboitiz holds a degree in Bachelor of Science in Business Administration from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.