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 Corporate Governance Committee are laid down in the Manual of Corporate Governance and Board Charter.

Below are the Members of the Board  for 2020-2021:

 

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 five board committees established to assist the Board of Directors in its oversight responsibility over the Aboitiz Group:

 

Board Environmental, Social, and Corporate Governance Committee
(formerly known as Board 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 2020-2021:

Raphael P.M. Lotilla

Chairman (Independent Director)

Justice Jose C. Vitug (Ret.)

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

 

 

To view the previous members of the Board Corporate Governance Committee, please click here.

 

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 2020-2021:

Justice Jose C. Vitug (Ret.)

Chairman (Independent Director)

Raphael P.M. Lotilla

Independent Director

Erramon I. Aboitiz

Director (Non-Executive)

Manuel R. Salak III

Independent Director

Ana Maria Aboitiz – Delgado

Director (Non-Executive)

To view the previous members of the committee, please click here.

 

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 2020-2021:

Enrique M. Aboitiz

Chairman (Non-Executive)

Mikel A. Aboitiz

Director (Non-Executive)

Erramon I. Aboitiz

Director (Non-Executive)

Sabin M. Aboitiz

Director (Executive)

Raphael P.M. Lotilla

Independent Director

Manuel R. Salak III

Independent Director

Justice Jose C. Vitug (Ret.)

Independent Director

Manuel R. Lozano

Ex-officio Member

David Jude L. Sta. Ana

Ex-officio member

To view the previous members of the Board Risk and Reputation Management Committee, please click here.

 

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 2020-2021:

Manuel R. Salak III

Chairman (Independent Director)

Raphael P.M. Lotilla

Independent Director

Justice Jose C. Vitug (Ret.)

Independent Director

To view the previous members of the Board Related Party Transactions Committee, please click here.

 

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 2020-2021.

Erramon I. Aboitiz

Vice-Chairman (Non-Executive)

Mikel A. Aboitiz

Director (Non-Executive)

Enrique M. Aboitiz

Director (Non-Executive)

Edwin R. Bautista

Director (Non-Executive)

Robert McGregor

Ex-Officio Member

Manuel R. Lozano

Ex-Officio Member

Christopher P. Beshouri

Ex-Officio Member

To view the previous members of the committee, please click here.

President and Chief Executive Officer

2020

Mr. Sabin M. Aboitiz, 55 years old, Filipino, was elected director of the Company on May 21, 2018 and has been the Company’s President and Chief Executive Officer and Chairman of the Board Executive Committee since January 1, 2020.

 

He has been a member of the Board Risk and Reputation Management Committee since May 21, 2018 and a member of the Board Corporate Governance Committee since January 1, 2020.

 

He was First Vice President of the Company from May 2014 to May 2015, Senior Vice President from May to December 2015 and was Executive Vice President and Chief Operating Officer from December 13, 2015 to December 31, 2019.

Position

Company

Chairman

Aboitiz Foundation, Inc., Aboitiz InfraCapital, Inc, Aboitiz Land, Inc., Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, Gold Coin Management Holdings, Ltd.

Director

AEV CRH, UnionBank, a publicly listed company, ACO, RCBM, Republic Cement Services, Inc., CRH Aboitiz Holdings, Inc., Apo Agua Infrastructura, Inc., Aboitiz Construction International, Inc., Aboitiz Construction, Inc., and Pilmico International

Alternate Director

AboitizPower International Pte. Ltd. and AEV International Pte. Ltd.

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

 

Please click here to view the Company’s 2019 President and CEO.

Chief Financial Officer

Mr. Manuel R. Lozano has been Senior Vice President, Chief Financial Officer and Chief Corporate Information Officer of the Company since May 18, 2015. He is also an Ex-Officio Member of the Board Risk and Reputation Management Committee since May 18, 2015, and of the Executive Committee since May 21, 2018.

 

Mr. Lozano is currently Senior Vice President – Finance of ACO, and Treasurer of Aboitiz Construction, Inc. (ACI); Trustee and Treasurer of Aboitiz Foundation; Chief Financial Officer and Treasurer of Apo Agua; Chairman of the Board and Chief Executive Officer of Lima Water Corporation; Director, Treasurer of Aboitiz InfraCapital, Inc.; Director and Vice President of AEV Aviation; Director and Treasurer of AEV CRH, CFO and Treasurer of Archipelago Insurance; Director of PANC, Pilmico, RCBM, UnionBank; and Alternate Director of AEV International, Pilmico International Pte. Ltd. (Pilmico International) 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 the Philippines – 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 March 1, 2018. Concurrently, he is Senior Vice President and Chief Legal Officer of the Company since October 1, 2019, and Corporate Secretary of AboitizPower since March 1, 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. He also has a Master of Laws degree from the New York University School of Law, U.S.A.

 

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 2020 to 2021.

Please click here to view the 2019-2020 BU Heads.

Board Secretariat
 The following are the present membership of the Board Secretariat Team:
AEV-MAC-v2

MANUAL ALBERTO R. COLAYCO

SVP - Chief Legal Officer/ Corporate Secretary/Chief Compliance Officer
Mailene-dela-Torre

MAILENE M. de la Torre

Assistant Vice-President/Assistant Corporate Secretary
Sammy-Dave-Santos

SAMMY DAVE A. SANTOS

Assistant Corporate Secretary
Justine-Cabatingan

JUSTINE MAE M. CABATINGAN

Associate General Counsel
Marinel-Mangubat

MARINEL E. MANGUBAT

Paralegal