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Manila Water Company Inc (MWC.PS)

MWC.PS on Philippine Stock Exchange

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7 Dec 2016
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Summary

Name Age Since Current Position

Fernando Zobel de Ayala

55 1997 Chairman of the Board

Gerardo Ablaza

62 2010 President, Chief Executive Officer, Director

Jaime Augusto Zobel de Ayala

56 2009 Vice Chairman of the Board

Luis Juan Oreta

59 2015 Chief Finance Officer, Treasurer, Compliance Officer, Corporate Finance and Governance Group Director

Ferdinand de la Cruz

49 2015 Chief Operating Officer - Manila Water Operations

Virgilio Rivera

54 2015 Chief Operating Officer - New Business Operations

Ma. Victoria Sugapong

Chief Risk Officer, Deputy Controller

Janine Carreon

2016 Group Director of Corporate Human Resources - Manila Water Operations

Abelardo Basilio

55 2016 Strategic Asset Management Group Director - Manila Water Operations

Geodino Carpio

55 2016 Corporate Operations Group Director - Manila Water Operations

Rodell Garcia

59 2015 Chief Technology Adviser, Corporate Information Technology Group Director - Manila Water Operations

Thomas Mattison

50 2016 Corporate Project Management Group Director - Manila Water Operations

Esmeralda Quines

2016 Group Director of East Zone Business Operations - Manila Water Operations

Solomon Hermosura

53 2006 Corporate Secretary

Jhoel Raquedan

2015 Assistant Corporate Secretary

Antonino Aquino

68 2009 Director

John Eric Francia

44 2010 Director

Victoria Garchitorena

71 2014 Director

Delfin Lazaro

70 2002 Director

Jose Cuisia

71 2010 Independent Director

Jaime Laya

75 2014 Independent Director

Sherisa Nuesa

61 2013 Independent Director

Oscar Reyes

69 2005 Independent Director

Patricia Carmen Pineda

Head of Investor Relations

Biographies

Name Description

Fernando Zobel de Ayala

Mr. Fernando Zobel de Ayala has been Chairman of the Board of Manila Water Co. Inc. since May 15, 1997. He is the Vice Chairman, President and COO of Ayala Corporation. He holds the following positions in other listed companies of the Ayala group: Chairman of Ayala Land Inc. and Director of Bank of the Philippine Islands, and Globe Telecom Inc. He is also: Chairman of AC International Finance Ltd., and AC Energy Holdings Inc.; Co-Chairman of the Board of Trustees of Ayala Foundation Inc.; Director of LiveIt Investments Ltd., Ayala International Holdings Ltd., Honda Cars Philippines Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corporation, Hero Foundation Inc., Manila Peninsula, Habitat for Humanity International, Caritas Manila, Pilipinas Shell Foundation Inc., Kapit Bisig para sa Ilog Pasig Advisory, National Museum and the Foundation of the Roman Catholic Church. His positions and memberships in other organizations include: Chairman of the Habitat for Humanity’s Asia Pacific Capital Campaign Steering Committee; Member of the Harvard Club of the Philippines, Makati Business Club, Management Association of the Philippines, Philippine- Singapore Business Council, INSEAD East Asia Council, and World Presidents' Organisation. He holds a Liberal Arts degree from Harvard College and a Certificate in International Management from INSEAD, France.

Gerardo Ablaza

Mr. Gerardo (Gerry) C. Ablaza, Jr., has been President, Chief Executive Officer and Director of Manila Water Co. Inc. since June 30, 2010. He has been Director of Manila Water since November 26, 2009. He holds the following positions in other listed companies of the Ayala group: Director of Globe Telecom Inc. and Ho Chi Minh City Infrastructure Investment Joint Stock Company. He is also: Chairman of Manila Water Philippine Ventures Inc., Boracay Island Water Company Inc., Cebu Manila Water Development Inc., Clark Water Corporation, Manila Water Total Solutions Corp., Manila Water Asia Pacific Pte. Ltd., Manila Water South Asia Holdings Pte. Ltd., Thu Duc Water Holdings Pte. Ltd., and Kenh Dong Water Holdings Pte. Ltd.; President and Chairman of Manila Water Consortium Inc. and Manila Water International Solutions Inc.; Chairman of the Board of Trustees of Manila Water Foundation Inc.; Vice Chairman of Laguna AAAWater Corporation; Member of the Board of AG Holdings Ltd., AC Energy Holdings Inc., Purefoods International Investment Ltd., Asiacom Philippines Inc., Ayala Energy Holdings Inc., ACST Business Holdings Inc., Azalea International Venture Partners Ltd., LiveIt Investment Ltd., and Ayala Foundation Inc. He holds a Liberal Arts degree, Major in Mathematics (Honors Program, Summa Cum Laude) from De La Salle University. One of the most accomplished graduates of his alma mater, he sits as a member of the Board of Trustees in various De La Salle Schools in the country.

Jaime Augusto Zobel de Ayala

Mr. Jaime Augusto Zobel de Ayala has been Vice Chairman of the Board of Manila Water Co. Inc. since March 30, 2009. He has been Director of Manila Water since May 15, 1997. He is the Chairman and CEO of Ayala Corporation. He holds the following positions in other listed companies of the Ayala group: Chairman of Globe Telecom Inc., Bank of the Philippine Islands, and Integrated Micro-Electronics Inc.; and vice chairman of Ayala Land Inc. He is also: Co-Chairman of Ayala Foundation Inc.; Vice Chairman of AC Energy Holdings Inc. His positions and memberships in other organizations include: Chairman of Harvard Business School Asia-Pacific Advisory Board and Asia Business Council; Vice Chairman of the Makati Business Club; Member of the National Competitiveness Council, Harvard Global Advisory Council, Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, and International Business Council of the World Economic Forum; Philippine Representative for the APEC Business Advisory Council. He holds a Bachelor of Arts degree in Economics (with honors) from Harvard College and an MBA from Harvard Graduate School of Business.

Luis Juan Oreta

Mr. Luis Juan B. Oreta serves as Chief Finance Officer, Treasurer, Compliance Officer, Corporate Finance and Governance Group Director of Manila Water Co. Inc. He was appointed as Chief Financial Officer and Treasurer on January 1, 2009. He graduated from the University of the Philippines with a Bachelor of Science degree in Business Economics and has a Masters Degree in Business Administration from Rutgers University Graduate School of Management (Rutgers, The State University of New Jersey). Prior to his appointment, Mr. Oreta was Managing Director of Ayala Corporation - Strategic Planning Group from March 1997 to 2008 and was CFO of Integrated Microelectronics, Inc. until December 31, 2008. He has also served the Bank of the Philippine Islands in various capacities from October 1983 to March 1997, where his last position was as Vice President of BPI Capital Corporation. He is also a member of the Board of Directors of the following domestic and international subsidiaries and affiliates of the company: Manila Water Philippine Ventures, Inc., Laguna AAAWater Corporation, Boracay Island Water Company, Inc., Clark Water Corporation, Manila Water Total Solutions Corporation, Manila Water International Solutions, Inc., Manila Water Asia Pacific Pte. Ltd., Manila Water South Asia Holdings Pte. Ltd., Thu Duc Water Holdings Pte. Ltd., Thu Duc B.O.O. Corporation, and Saigon Water Infrastructure Corporation. He is also a member of the Board of Trustees of Manila Water Foundation, Inc. He is CFO and Treasurer of Manila Water Philippine Ventures, Inc., Boracay Island Water Company, Inc. and Manila Water International Solutions, and Manila Water Foundation, Inc.

Ferdinand de la Cruz

Mr. Ferdinand M. de la Cruz serves as Chief Operating Officer - Manila Water Operations of Manila Water Co. Inc. Mr. de la Cruz holds a Bachelor of Science in Mechanical Engineering degree (cum Laude) from the University of the Philippines. He is a board topnotcher and a licensed Mechanical Engineer. Mr. dela Cruz joined the Company in July 2011 as the East Zone Business Operations Group Director and as Group Director for Corporate Strategic Affairs Group in December 2011. He is also currently the President of Manila Water Foundation, Inc. and President of Manila Water Total Solutions Corporation. Mr. dela Cruz also holds a board seat in Clark Water Corporation, Manila Water Total Solutions Corporation and Manila Water Foundation, Inc. Before joining the Company, Mr. dela Cruz was the head of the Consumer Sales Group and the Consumer Sales and After Sales Group of Globe Telecom for two years, and was head of its Wireless Business Group for nearly seven years from October 2002 to June 2009. Prior to that, he was the President and General Manager of Kraft Foods (Philippines) Inc. for more than a year and the same company’s Country General Manager for its various operating companies in Indonesia for two years. Mr. dela Cruz also had senior leadership roles in Ayala Land, San Miguel Brewing Philippines, Inbisco Philippines and Unilever Philippines. He started his working career as a Junior Engineer in DCCD’s Mechanical Engineering Division in 1986.

Virgilio Rivera

Mr. Virgilio Cervantes Rivera, Jr., is Chief Operating Officer - New Business Operations of Manila Water Co. Inc. Mr. Rivera holds a Bachelor of Arts in Behavioral Science (1982) a Bachelor of Science in Economics (1983) from the University of Santo Tomas. He has also completed the course work on graduate level (Master of Science) Economics Program at De La Salle University. In 2011, Mr. Rivera completed the Advanced Management Program of the Harvard Business School, Harvard University. Mr. Rivera has been with the Ayala Group for more than 25 years and has held various appointments with Ayala Corporation. He holds the rank of a Managing Director seconded to Manila Water as Chief Operating Officer for New Business. In this role, he acquired extensive experience in water PPPs and successfully managed price reviews during the past 15 years for Manila Water. Mr. Rivera concurrently serves as the President and CEO of Manila Water Philippine Ventures (MWPV) and Manila Water Asia Pacific (MWAP) which house its new subsidiaries in the Philippines: Laguna Water, Clark Water, Boracay Island Water, Cebu Manila Water Development and Zamboanga Water. He also holds directorships in Thu Duc, Kenh Dong and Saigon Water, subsidiaries of MWC in Vietnam. As the principal strategist of MWPV and MWAP, he provides the overall strategy for new business operations and new business development as the company expands its core business to new geographies in the Philippines, and ASEAN markets. He also sits as an Independent Director of the Toilet Board Coalition. He is also a member of the Academy of Regulatory Professionals organized by the Public Utility Research Center at the University of Florida. His book on Manila Water, Tap Secrets: The Manila Water Story, An Exercise in Successful Utility Reform in Urban Water Sector, was published by the Asian Development Bank in 2014.

Ma. Victoria Sugapong

Janine Carreon

Abelardo Basilio

Mr. Abelardo P. Basilio is Strategic Asset Management Group Director - Manila Water Operations of Manila Water Co. Inc. Mr. Basilio has been with Manila Water for 18 years and has held several appointments under various capacities within the company including Director of Technical Services Group and Group Director of East Zone Business Operations. He is currently the Group Director of Strategic Asset Management Group. Mr. Basilio joined Metropolitan Waterworks and Sewerage Systems (MWSS) as a young cadet in 1984 and gained experience in utility operations which include hydraulic engineering, water treatment, distribution and network management. He later joined Manila Water in 1997. Currently, as the Strategic Asset Management Group Director, he provides comprehensive, holistic and integrated strategic plans that sets up the platform for capital investment, operation and maintenance of existing and new assets and the rationalization and disposal of assets. He holds a degree in Civil Engineering from the University of the Philippine under the university scholarship program. He completed a Management Development Program in Asian Institute of Management, Water Network Design and Modeling in Manchester, United Kingdom and SCADA/Telemetry Training in Singapore.

Geodino Carpio

Mr. Geodino V. Carpio has been Corporate Operations Group Director - Manila Water Operations of Manila Water Co. Inc. since 2016. Mr. Carpio joined Manila Water in 1997 as Chief Information Officer. His responsibility as such included the implementation, operation and maintenance of Information Technology Infrastructure and applications for the Company’s head office, 8 business areas, and various operations facilities. In 2004, he became Group Director for the Project Delivery Group (PDG) responsible for the formulation of strategy, planning and management of capital works for the Company. Since 2010, he has lead the Operations Group, ensuring the efficient and reliable operation of all treatment and primary conveyance facilities for water sources, drinking water and used water. Mr. Carpio is also a member of the Board of Directors of Manila Water Philippine Ventures, Inc., Laguna AAAWater Corporation, Boracay Island Water Company, Inc., Clark Water Corporation, Manila Water International Solutions, Inc., Manila Water Total Solutions Corporation, Manila Water Asia Pacific Pte. Ltd., Manila Water South Asia Holdings Pte. Ltd., Kenh Dong Water Holdings Pte. Ltd., Thu Duc Water Holdings Pte. Ltd., and Kenh Dong Water Supply Joint Stock Company. He is also a member of the Board of Trustees and the Vice President of Manila Water Foundation, Inc. Before joining Manila Water, Mr. Carpio was the Vice President for Information Technology for the Marsman Group of Companies (1995 to 1997). In that role, Mr. Carpio was responsible for the IT planning and management for the four Marsman companies across 32 branches nationwide. He holds a B.S. in Physics Teaching degree (Cum Laude) from the Philippine Normal College in consortium with De La Salle University under the National Science Development Board Scholarship Grant and attended a Software Engineering Course under the Scholarship Grant from the Center for International Cooperation for Computerization in Tokyo, Japan in 1986.

Rodell Garcia

Mr. Rodell A. Garcia is Chief Technology Adviser, Corporate Information Technology Group Director - Manila Water Operations of Manila Water Co. Inc. Mr. Garcia has been in the IT industry for over 39 years. He joined Manila Water in September 2012 to oversee the transformation of the company’s information and communications technology. Prior to this appointment, Mr. Garcia was with Globe Telecom as Chief Information Officer (CIO) from 2000 to 2009, Chief Technical Officer (CTO) from 2009 to 2010, and Head of IT Transformation from 2011 up to 2012. As CIO, Mr. Garcia was responsible for defining and implementing Globe’s IT strategy, and for ensuring the stability of the IT infrastructure. As CTO, he was primarily responsible for Network Technology Strategy, Planning, Engineering, and Network Operations. Mr. Garcia also spent 22 years in the banking industry, having worked in various capacities in companies such as Citytrust Banking Corporation, where he last held the position of Vice President of Corporate Technology Division, and DBS Bank Philippines as Executive Vice President of Information Technology. Mr. Garcia graduated from the Ateneo de Manila University with a degree in Bachelor of Science in Mathematics, under a scholarship grant from the National Science Development Board.

Thomas Mattison

Mr. Thomas T. Mattison has been Corporate Project Management Group Director - Manila Water Operations at Manila Water Co. Inc. since 2016. Mr. Mattison has worked in the Utility industry for 34 years, 32 of which being in the Water Sector and 2 of which being in the Electricity Sector. He was seconded to Manila Water in 1997 as Technical Manager for Maintenance Services and in 2007 as Reliability and Efficiency Consultant. In 2011, he became the Operations Support Services Director managing 9 diverse departments under the Operations Group. These included: Maintenance Services, Fleet Services, Property Services, Laboratory Services, Environmental Management, Safety Solutions, Business Continuity, Engineering Standards, Energy Management and System Analytics. In September 2013, Mr. Mattison was designated to lead the Corporate Project Management Group and has since that designation began transforming the function of the Group into a full engineering services provider. He is responsible for the management of the engineering and project delivery function within the Company as well as the management of the planning, design and construction of all Water, Used Water and Network capital projects. Mr. Mattison graduated from Manchester Metropolitan University, UK with a degree in Engineering.

Esmeralda Quines

Solomon Hermosura

Atty. Solomon M. Hermosura has been Corporate Secretary of Manila Water Co. Inc. since April 3, 2006. He earned his LLB degree from San Beda College in 1986 and placed third in the 1986 Bar Examination. Mr. Hermosura is a Managing Director of Ayala Corporation and a member of its Management Committee and the Ayala Group Management Committee. He is the General Counsel, Corporate Secretary and Compliance Officer of Ayala Corporation, and the CEO of Ayala Group Legal. He also serves as Corporate Secretary of Ayala Land, Inc., Globe Telecom Inc., Ayala Foundation, Inc., Philwater Holdings Company, Inc., Integrated Micro-Electronics, Inc. and a number of other companies in the Ayala group; and as member of the Boards of Directors of a number of companies in the Ayala group.

Jhoel Raquedan

Atty. Jhoel P. Raquedan is Assistant Corporate Secretary of Manila Water Co. Inc. He is a Member of the Proxy Validation Committee of the Company.

Antonino Aquino

Mr. Antonino T. Aquino has been Director of Manila Water Co. Inc. since April 24, 1998. He was its President from January 1999 to March 30, 2009. He holds Bachelor of Science, major in Management degree, Ateneo de Manila University and Masteral Degree in Business Management, Ateneo Graduate School of Business. Mr. Aquino first joined Manila Water as Group Director for Corporate Affairs and was later appointed President and CEO in January 1999. He left Manila Water to take on the position of President of Ayala Land, Inc. on April 1, 2009, but remained a Director of the Company. He was named “Co-Management Man of the Year 2009” by the Management Association of the Philippines for his leadership role in a waterworks privatization and public private sector partnership. Mr. Aquino has been with the Ayala Group in various capacities for the past thirty (30) years and has held the position of Senior Managing Director in Ayala Corporation. He was President of the Ayala Property Management Corporation from 1990 to 1998 and Senior Vice President of Ayala Land, Inc. from 1989 to 1998. He was also a Business Unit Manager at IBM Philippines, Inc. from 1968-1980. He is Director at Manila Water Company, Inc. and Ayala Land, Inc., as well as Anvaya Cove Beach and Nature Club, Inc. and The Philippine American Life & General Insurance Company.

John Eric Francia

Mr. John Eric T. Francia has been Director of Manila Water Co. Inc. since April 12, 2010. Mr. Francia holds the following positions in other listed companies of the Ayala group: Director of Integrated Micro- Electronics, Inc. and Ho Chi Minh City Infrastructure Investment Joint Stock Company. He is also: Director and President of AC Energy Holdings Inc. and AC Infrastructure Holdings Corporation; Director of LiveIt Investments Ltd., Northwind Power Development Corporation, North Luzon Renewable Energy Corporation, South Luzon Thermal Energy Corporation and Quadriver Energy Corporation. He is Director of Dinginin Power GP Corp., Arlington Mariveles Philippines GP Corporation, Kauswagan Power GP Corp., Monte Solar Energy, Inc. (Ayala Group), AF Payments, Inc. (Ayala Group), Light Rail Manila Corporation (Ayala Group), MCX Tollway, Inc., Ayala Aviation Corporation, Ayala Hotels, Inc., AC College of Enterprise and Technology, Inc. and LINC Institute, Inc. He holds a degree in Humanities and Political Economy (Magna Cum Laude) from University of Asia & the Pacific and a master’s degree in Management Studies (with First Class Honors) from University of Cambridge.

Victoria Garchitorena

Ms. Victoria P. Garchitorena has been Director of Manila Water Company Inc., since April 4, 2014. Ms. Garchitorena has served as a member of the Management Committee of Ayala Corporation (Ayala Group) from 2006 until 2011. She was a Managing Director of Ayala Corporation, President of Ayala Foundation, Inc. and Philippine Development Foundation (formerly Ayala Foundation USA). Her other significant past positions include: Trustee of the International Center on Innovation, Transformation and Excellence in Governance and Pinoy Me Foundation; member of the Asia Pacific Advisory Council Against Corruption-World Bank and the World Bank Social Protection Advisory Board; League of Corporate Foundations and Makati Business Club; and member of the National Committee of Bishops-Businessmen’s Council for Human Development. Previously, she was a Senior Consultant on Poverty Alleviation and Good Governance and the Head of the Presidential Management Staff and Secretary to the Cabinet under the Office of the President of the Republic of the Philippines; a Director of Philippine Charity Sweepstakes Office; Executive Assistant to the Chairman and President of the Meralco Foundation, Inc.; a Trustee of the Ramon Magsaysay Awards Foundation; and Co-Chairperson of EDSA People Power Commission; a Board Member of the US based Council of Foundations; Member of the Global Foundation Leaders Advisory Group of World Economic Forum and Governor of Management Association of the Philippines. She holds a Bachelor of Science degree in Physics (Magna Cum Laude) from College of Holy Spirit, and has post-graduate studies in Management Development Program from Asian Institute of Management and Environmental Economics and Policy Analysis from Harvard Institute for International Development.

Delfin Lazaro

Mr. Delfin Lapus Lazaro has been Director of Manila Water Co. Inc. since May 6, 2002. He holds B.S. in Metallurgical Engineering degree, University of the Philippines and MBA (with Distinction), Harvard Graduate School of Business. He is Director at Manila Water Company, Inc., Ayala Land, Inc., Integrated Micro-Electronics, Inc., Ayala Corporation, Globe Telecom, Inc., Empire Insurance Company, Insular Life Assurance Co., Ltd. and Asiacom Philippines, Inc. He is President of Asiacom Philippines, Inc. Mr. Lazaro was named Management Man of the Year 1999 by the Management Association of the Philippines for his contribution to the conceptualization and implementation of the Philippine Energy Development Plan and to the passage of the law creating the Department of Energy. He was also cited for stabilizing the power situation that helped the country achieve successive high growth levels up to the Asian crisis in 1997.

Jose Cuisia

Mr. Jose L. Cuisia, Jr., has been Independent Director of Manila Water Co. Inc. since April 12, 2010. Mr. Cuisia is presently the Philippine Ambassador Extraordinary and Plenipotentiary to the United States of America and non-resident Ambassador to Trinidad & Tobago, the US Virgin Islands, Grenada, Puerto Rico, the Commonwealth of Jamaica and the Republic of Haiti, Antigua & Barbuda, Barbados, the Commonwealth of Dominica, The Federation of St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines. Before becoming Philam Life’s President and CEO for 16 years, Mr. Cuisia served the Philippine Government as Governor of the Central Bank of the Philippines and Chairman of its Monetary Board from 1990-1993. He was also appointed Commissioner, representative of the Employer’s Group, for the Social Security System (SSS) in September 2010. Mr. Cuisia was also Governor for the Philippines to the International Monetary Fund and Alternate Governor to the World Bank. Prior to service in the Central Bank, he was also Administrator and CEO of the Philippine Social Security System from 1986- 1990. He holds the following positions in other listed companies: Vice Chairman of SM Prime Holdings; and Director of PHINMA Corporation. He is also: Chairman of The Covenant Car Company Inc.; Vice Chairman of Philam Life; Director of BPI Philam Life Assurance Company, AIG Shared Services – Business Processing Inc., and Phinma Inc. His positions and memberships in other organizations include: CV Starr Chairman of Corporate Governance for the Asian Institute of Management; and Convenor-Trustee of the Philippine Business for Education. He holds an AB-BSC degree (Magna Cum Laude) from De La Salle University and an MBA from University of Pennsylvania (University Scholar).

Jaime Laya

Dr. Jaime C. Laya, Ph.D., has been Independent Director of Manila Water Company Inc., since April 4, 2014. Of the other listed companies of the Ayala group, he is Independent Director of Ayala Land Inc. and Director of Manila Water Company, Inc. He holds the following positions in other listed companies: Chairman and President of Philippine Trust Company (Philtrust Bank); and independent director of GMA Network Inc. and GMA Holdings Inc. He is also: Director of Philippine AXA Life Insurance Co. Inc., Cultural Center of the Philippines, St. Paul’s University – Quezon City, Bankers Association of the Philippines, Ayala Foundation Inc., Fundacion Santiago, Metropolitan Museum of Manila, Yuchengco Museum, CIBI Foundation Inc., Escuela Taller de Filipinas Foundation Inc., and Manila Polo Club. He holds a Bachelor of Arts degree in Accounting from University of the Philippines, Masters Degree in Industrial Management from Georgia Institute of Technology, and Ph.D. in Financial Management from Stanford University. He is a certified public accountant.

Sherisa Nuesa

Ms. Sherisa P. Nuesa has been Independent Director of Manila Water Co. Inc. since April 15, 2013. She served as Chief Financial Officer and Treasurer until January 1, 2009. Ms. Nuesa is President and Board Director of the ALFM Mutual Funds Group. She is currently a member of the Boards of Directors of: Far Eastern University, East Asia Computer Center, PSi Technologies, and FERN Realty. She is also a Board Director/Trustee of the Institute of Corporate Directors, the Financial Executives Institute of the Philippines (concurrently Executive Vice-President) and the ING Foundation (Phils.). She was a Managing Director of Ayala Corporation where she served in various senior management positions until December 2011 which includes the following: 1) Chief Finance Officer and Chief Administrative Officer, Integrated Micro-Electronics, Inc. - IMI (January 2009 to July 2010) ; 2) Chief Finance Officer, Manila Water Company Inc. - MWC (January 2000 to December 2008); 3) Group Controller and later Vice President for Commercial Centers, Ayala Land, Inc. - ALI (January 1989 to March 1999); and 4) member of the boards of various subsidiaries of ALI, MWC and IMI. She attended the Advanced Management Program of the Harvard Business School in the US in June 1999 and completed her Master in Business Administration (MBA) degree from the Ateneo-Regis Graduate School of Business, Ateneo de Manila University in 2011. She also attended the Financial Management Program of the Stanford University in 1991. A Certified Public Accountant, she holds a BS in Commerce degree (Summa cum Laude, 1974) from the Far Eastern University.

Oscar Reyes

Mr. Oscar S. Reyes has been Independent Director of Manila Water Co. Inc. since February 3, 2005. He finished his Bachelor of Arts degree in Economics (Cum Laude, 1965) and Masters of Business Administration (1971) at the Ateneo de Manila University. He also took post-graduate studies in University of Waterloo and Harvard Business School, Harvard University, among other schools abroad. He is member of the Advisory Board of the Philippine Long Distance Telephone Company (PLDT) and of the Board of Directors of the Bank of the Philippine Islands, Pepsi Cola Products Philippines, Inc. (Chairman), PLDT Communications and Energy Ventures, Inc., Basic Energy Corporation, Cosco Capital Inc. and Sun Life Financial Phils., Inc., among other firms. He is a Director of Manila Electric Company where he also holds the position of President and Chief Executive Officer. He is also President of Meralco PowerGen Corporation and Chairman of Meralco Industrial Engineering Services Corporation (MIESCOR), CIS Bayad Center, Meralco Energy, Inc. (MEI), Redondo Peninsula Energy, Inc., and PacificLight Pte. Ltd. Mr. Reyes served as Country Chairman of the Shell Companies in the Philippines and concurrently President of Pilipinas Shell Petroleum Corporation and Managing Director of Shell Philippines Exploration B.V. He is a member of the Board of Trustees of One Meralco Foundation, Inc., Pilipinas Shell Foundation, Inc., SGV Foundation, Inc. and El Nido Foundation, Inc.

Patricia Carmen Pineda