Board of Directors

The Company believes that compliance with the principles of good governance begins with the Board of Directors. The Board conducts itself with utmost honesty and integrity in the discharge of its duties, functions, and responsibilities. The Board is vital in setting the ethical tone of the Company, not only by its own actions, but also in appointing and overseeing key executives and management.

The functions of the Board Environmental, Social and Corporate Governance Committee are laid down in the Manual of Corporate Governance and Board Charter.

Below are the Members of the Board  for 2021-2022:

 

Enrique M. Aboitiz

Chairman of the Board (Non-Executive)

Mikel A. Aboitiz

Vice-Chairman

Erramon I. Aboitiz

Director (Non-Executive)

Sabin M. Aboitiz

Director (Executive)

Joanne de Asis

Independent Director

Romeo L. Bernardo

Lead Independent Director

Manuel R. Salak III

Independent Director

Please click here to view the profiles of the Board of Directors. You may also click here to view the members from the previous years.

Board Committees

The Company has six board committees established to assist the Board of Directors in its oversight responsibility over the Aboitiz Group:

 

BOARD ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE COMMITTEE

 

The Board’s ability to make decisions with governance impact is supported by the work of the Board Environmental, Social, and Corporate Governance Committee. The Board Environmental, Social, and Corporate Governance Committee assists, but does not pre-empt, any board responsibilities in making the final decisions on corporate governance, nomination and compensation matters.

 

The functions of the Board Environmental, Social, and Corporate Governance Committee are laid down in the Manual of Corporate Governance and Board Environmental, Social, and Corporate Governance Committee Charter.

 

Below are the members of the Board Environmental, Social, and Corporate Governance Committee for 2021-2022:

 

Romeo L. Bernardo

Chairman (Independent Director)

Joanne de Asis

Independent Director

Enrique M. Aboitiz

Director (Non-Executive)

Sabin M. Aboitiz

Director (Executive)

Manuel R. Salak III

Independent Director

Manuel Alberto R. Colayco

Ex-officio member

Susan V. Valdez

Ex-officio member

David Jude L. Sta. Ana

Ex-officio member

 

 

 

Board Audit Committee

 

The Company has a well-entrenched internal audit group, the Group Internal Audit, which is overseen by the Board through the Board Audit Committee. The Board Audit Committee represents the Board in its oversight responsibility over all audit-related matters of the Aboitiz Group. The Committee oversees the optimization of effective financial management, as well as compliance with regulatory reporting requirements for all business units.

 

The functions of the Board Audit Committee are laid down in the Board Audit Committee Charter. Please click here to view the Company’s Internal Audit Charter.

 

Below are the members of the Board Audit Committee for 2021-2022:

 

Manuel R. Salak III

Chairman (Independent Director)

Romeo L. Bernardo

Independent Director

Joanne de Asis

Independent Director

Erramon I. Aboitiz

Director (Non-Executive)

Ana Maria Aboitiz – Delgado

Director (Non-Executive)

 

Board Risk and Reputation Management Committee

 

The primary purpose of the Board Risk and Reputation Management Committee is to assist the Board, and to some extent the Board Audit Committee, in fulfilling the corporate governance responsibilities relating to risk management and brand reputation. The Committee also assists in defining the Company’s risk appetite and oversees the risk profile and performance against the defined risk appetite. It is also responsible for overseeing the identification, measurement, monitoring and controlling of the Company’s principal business risks.

 

The functions of the Board Risk and Reputation Management Committee are laid down in the Board Risk and Reputation Management Committee Charter.

 

Below are the members of the Board Risk and Reputation Management Committee for 2021-2022:

 

Enrique M. Aboitiz

Chairman (Non-Executive)

Mikel A. Aboitiz

Director (Non-Executive)

Erramon I. Aboitiz

Director (Non-Executive)

Sabin M. Aboitiz

Director (Executive)

Romeo L. Bernardo

Independent Director

Manuel R. Salak III

Independent Director

Joanne de Asis

Independent Director

Manuel R. Lozano

Ex-officio Member

 

Board Related Party Transactions Committee

 

For purposes of ensuring transparency and fairness for all stakeholders, the Board constituted the Board Related Party Transactions (RPT) Committee to review proposed RPTs for the purpose of determining whether or not the transaction is conducted at an arm’s length basis and on terms no less than favorable than any such terms available to unconnected third parties under the same or similar circumstances.

 

The Committee evaluates on an ongoing basis existing relations between and among business and counterparties to ensure that all related parties are continuously identified, RPTs are monitored, and subsequent changes in relationships with counterparties (from non-related to related and vice versa) are captured.

 

For a full discussion on the purpose, structure, and duties & responsibilities of the Committee, click here for a copy of the Board RPT Committee Charter and RPT Policy.

 

Below are the members of the Board Related Party Transactions Committee for 2021-2022:

 

Romeo L. Bernardo

Chairman (Independent Director)

Joanne de Asis

Independent Director

Manuel R. Salak III

Independent Director

Board Cybersecurity Committee

 

The purpose of the Board  Cybersecurity Committee is to carry out the responsibilities delegated by the Board of the Company in relation to its duty to provide strategic direction and ensure the establishment of a system of governance (processes, policies, controls, and management) for the Company and its Strategic Business Units (“SBU”, collectively the “Aboitiz Group’) on matters relating to information security and cybersecurity.

 

 For a full discussion on the purpose, structure, and duties & responsibilities of the Committee, click here for a copy of the Board Cybersecurity Committee Charter.

 

Below are the members of the Board Cybersecurity Committee for 2021-2022:

 

JUSTO A. ORTIZ

Chairman (Non-Exceutive)

Joanne de Asis

Independent Director

Enrique M. Aboitiz

Director (Non-Executive)

Susan V. Valdez

Ex-Officio Member

Charmaine R.A. Valmonte

Ex-Officio Member

 

Executive Committee

 

The Board of Directors hereby constitutes the Committee to assist the Board of Directors in overseeing the Company’s day-to-day operations. This will ensure agility in the management of the Company and in strategic decision-making, as well as compliance with the Company’s governance policies, during the intervening period between Board meetings.

 

For a full discussion on the purpose, structure, and duties & responsibilities of the Committee, click here for a copy of the Executive Committee Charter.

 

Below are the members of the Executive Committee for 2021-2022.

Erramon I. Aboitiz

Member (Non-Executive)

Mikel A. Aboitiz

Director (Non-Executive)

Enrique M. Aboitiz

Director (Non-Executive)

Justo A. Ortiz

Director (Non-Executive)

Robert McGregor

Ex-Officio Member

Manuel R. Lozano

Ex-Officio Member

Christopher P. Beshouri

Ex-Officio Member

President and Chief Executive Officer

Mr. Sabin M. Aboitiz was elected Director of the Company and appointed member of the Board Risk and Reputation Management Committee on May 21, 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 also a member of the Business Advisory Council of the Asia-Pacific Economic Cooperation. He is also the highest level executive of the company to the United Nations Global Compact.

 

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

Position

Company

Chairman

AboitizFoundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land,Inc., Pilmico Foods Corporation, Pilmico Animal NutritionCorporation, Gold Coin Management Holdings, Ltd., CRH Aboitiz Holdings, Inc., SN Aboitiz Power-Benguet, Inc., Republic Cement Services, Inc. Filagri Holdings, Inc.

Director

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.
Chief Financial Officer

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.

Corporate Secretary and Chief Compliance Officer

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 1 October 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 memberin 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

Business Unit Heads

Business Unit Heads for the year 2021 to 2022.

Board Secretariat
 The following are the present membership of the Board Secretariat Team:
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MANUEL ALBERTO R. COLAYCO

SVP - Chief Legal Officer/ Corporate Secretary/Chief Compliance Officer
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MAILENE M. de la Torre

Assistant Vice-President/Assistant Corporate Secretary
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SAMMY DAVE A. SANTOS

Assistant Corporate Secretary
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JUSTINE MAE M. CABATINGAN

Associate General Counsel
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MARINEL E. MANGUBAT

Shareholder Relations Officer