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Manila Water Company Inc (MWC.PS)

MWC.PS on Philippine Stock Exchange

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29 Jul 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

58 2015 Chief Finance Officer, Treasurer, Compliance Officer, Corporate Finance and Governance Group Director

Ferdinand de la Cruz

48 2015 Chief Operating Officer - Manila Water Operations

Virgilio Rivera

53 2015 Chief Operating Officer - New Business Operations

Ma. Victoria Sugapong

Chief Risk Officer and Deputy Controller

Janine Carreon

2016 Group Director of Corporate Human Resources - Manila Water Operations

Abelardo Basilio

54 2015 Strategic Asset Management Group Director - Manila Water Operations

Geodino Carpio

54 2015 Corporate Operations Group Director - Manila Water Operations

Rodell Garcia

58 2015 Chief Technology Adviser, Corporate Information Technology Group Director - Manila Water Operations

Thomas Mattison

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

76 2014 Independent Director

Sherisa Nuesa

61 2013 Independent Director

Oscar Reyes

69 2005 Independent Director

Patricia Carmen Pineda

IR Contact Officer

Biographies

Name Description

Fernando Zobel de Ayala

Mr. Fernando Zobel de Ayala is 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, and the National Museum. 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., serves as President, Chief Executive Officer and Director of Manila Water Co. Inc. since June 30, 2010. 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.

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 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.

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. He is also currently the Vice President of Manila Water Foundation and was elected President of Manila Water Total Solutions in December 2012. 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 20 years and has held appointments with Ayala Corporation under various capacities, including Managing Director, Manager of the Strategic Planning Group, and Head of Strategic Planning of Integrated Microelectronics, Inc. Mr. Rivera is responsible for shaping public policy, formulating regulatory strategies, mitigation of regulatory risk, regulatory compliance and stakeholder relations. Mr. Rivera led two successful price reviews in 2003 and 2008, negotiated the amendment of the concession contract which resulted in the 15-year extension of the contract period, and secured a favorable ruling on cost of capital through international arbitration. His achievements have earned him distinction as a valuable resource person in international conferences on infrastructure privatization, regulation and PPP initiatives sponsored by World Bank, ADB, JICA, IWA, academic institutions (e.g., TERI, Stanford University) and host national governments in emerging countries. Mr. Rivera is also the President of several newly-formed subsidiaries of Manila Water since 2009. Concurrently, Mr. Rivera is a Managing Director of Ayala Corporation, one of the Philippines’ oldest and largest conglomerates. Mr. Rivera also acted as Chairman of the Management's negotiating panel for the 2006 and 2008 Collective Bargaining Agreement (CBA).

Ma. Victoria Sugapong

Janine Carreon

Abelardo Basilio

Mr. Abelardo P. Basilio serves as Strategic Asset Management Group Director - Manila Water Operations of Manila Water Co. Inc. He was the Director for East Zone Business Operations of the Company. Mr. Basilio has been with Manila Water Company for 17 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. He joined Metropolitan Waterworks and Sewerage Systems (MWSS) as a young cadet in 1984 and gained experiences in utility operations which include hydraulic engineering, water treatment, distribution and network management. He later joined MWC 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 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 is Corporate Operations Group Director - Manila Water Operations of Manila Water Co. Inc. Mr. Carpio joined Manila Water Company, Inc. in 1997 as Chief Information Officer. In 2004, he became Group Director for the Project Delivery Group (PDG) where he led various construction and pipe laying projects for both water supply and wastewater. Since 2010, he heads the Operations Group, managing Water Supply and Wastewater Operations, including initiatives in environmental protection and innovation. 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. He graduated from the Ateneo de Manila University with a degree in Bachelor of Science in Mathematics. Mr. Garcia has been in the IT industry for over 37 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 – 2009, Chief Technical Officer (CTO) from 2009 – 2010, and Head of IT Transformation from 2011 – 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.

Thomas Mattison

Esmeralda Quines

Solomon Hermosura

Atty. Solomon M. Hermosura serves as 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.

Antonino Aquino

Mr. Antonino T. Aquino serves as Director of Manila Water Co. Inc. since March 30, 2009. Of the other listed companies of the Ayala group, he is Director of Ayala Land, Inc. He is also: Chairman of Makati Development Corp., North Triangle Depot Commercial Corp. and Station Square East Commercial Corp.; Director of Makati Commercial Estate Association, Inc. and Ayala Foundation, Inc. He holds a Bachelor of Science degree in Management from Ateneo de Manila University and post-graduate studies from Ateneo Graduate School of Business. He was named “Co-Management Man of the Year 2009” by the Management Association of the Philippines for his leadership role in a very successful waterworks privatization and public-private sector partnership.

John Eric Francia

Mr. John Eric T. Francia serves as 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, Quadriver Energy Corporation, Automated Fare Collection Services Inc. and Light Rail Manila Corporation. 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. She is Director of UCPB-CIIF Finance and Development Corp., Avignon Tower Condominium Corp., Asian Institute of Management, Ayala Foundation Inc., and SPARK (Samahan ng mga Pilipina Para sa Reporma at Kaunlaran); President of Alvarez Foundation Inc. Her positions and memberships in other organizations include: Consultant of Ayala Corporation; Member of the Philippine Army Multi-Sectoral Advisory Board, Makati Business Club, Management Association of the Philippines, National Executive Committee of the Bishops-Businessmen’s Conference for Human Development, International Center on Innovation, Transformation and Excellence in Governance, AWARE (Alliance of Women for Action Toward Reform), and Black and White Movement. 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 is Director of Manila Water Co. Inc. since May 6, 2002. He holds the following positions in other listed companies of the Ayala group: Director of Ayala Land Inc. and Integrated Micro-Electronics Inc. He is also: Chairman of Philwater Holdings Company Inc., Azalea International Venture Partners Ltd. and Atlas Fertilizer and Chemicals Inc.; Chairman and President of Michigan Power Inc. and A.C.S.T. Business Holdings Inc.; Director of Ayala DBS Holdings Inc., AYC Holdings Ltd., Ayala International Holdings Ltd., Bestfull Holdings Ltd., AG Holdings Inc., Al North America Inc., Probe Productions Inc., Empire Insurance Company, and Insular Life Assurance Co. Ltd. He holds a Bachelor of Arts degree in Metallurgical Engineering from University of the Philippines and an MBA (with Distinction) from Harvard Graduate School of Business. He 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.

Jose Cuisia

Mr. Jose L. Cuisia, Jr., serves as Independent Director of Manila Water Co. Inc. since April 12, 2010. He is presently the Ambassador Extraordinary and Plenipotentiary to the United States of America. 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 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. 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 is 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 currently the 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. Ms. Nuesa 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 is 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. He 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