People: Manila Water Co Inc (MWC.PS)

MWC.PS on Philippine Stock Exchange

31.85PHP
27 Feb 2015
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Summary

Name Age Since Current Position

Fernando Zobel de Ayala

53 1997 Chairman of the Board

Gerardo Ablaza

60 2010 President, Chief Executive Officer, Director

Jaime Augusto Zobel de Ayala

54 2009 Vice Chairman of the Board

Luis Juan Oreta

57 2009 Treasurer, Chief Finance Officer, Compliance Officer

Ma. Victoria Sugapong

Chief Risk Officer

Abelardo Basilio

53 2011 Group Director - Strategic Asset Management

Geodino Carpio

53 2011 Group Director - Operations

Ferdinand de la Cruz

47 2011 Group Director - East Zone Business Operations and Corporate Strategic Affairs Group

Rodell Garcia

57 2012 Chief Technology Adviser

Virgilio Rivera

52 Group Director - Corporate Strategy and Development

Solomon Hermosura

51 2006 Corporate Secretary

Jhoel Raquedan

2011 Assistant Corporate Secretary, Head - Legal and Corporate Governance Department

Antonino Aquino

66 2009 Director

John Eric Francia

42 2010 Director

Victoria Garchitorena

2014 Director

Ricardo Nicanor Jacinto

53 2011 Director

Delfin Lazaro

69 2002 Director

Masaji Santo

57 2012 Director

Jose Cuisia

70 2010 Independent Director

Jaime Laya

74 2014 Independent Director

Sherisa Nuesa

59 2013 Independent Director

Oscar Reyes

66 2005 Independent Director

Biographies

Name Description

Fernando Zobel de Ayala

Mr. Fernando Zobel de Ayala serves as Chairman of the Board of Manila Water Co. Inc. since May 15, 1997. He is the President and Chief Operating Officer of Ayala Corporation since April 2006. He is also Chairman of Ayala Land, Inc., Manila Water Company, Inc., AC International Finance Ltd., AC Energy Holdings, Inc., and Hero Foundation, Inc.; Co- Chairman of Ayala Foundation, Inc.; Director of Bank of The Philippine Islands, Globe Telecom, Inc., Integrated Micro-Electronics, Inc., LiveIt Investments, Ltd., Ayala International Holdings Limited, Honda Cars Philippines, Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corp., Manila Peninsula and Habitat for Humanity International; Member of The Asia Society, INSEAD East Asia Council, Chairman of Habitat for Humanity’s Asia-Pacific Capital Campaign Steering Committee; and Member of the Board of Trustees of Caritas Manila, Pilipinas Shell Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board and National Museum.

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 has been a Director since November 26, 2009. Mr. Ablaza graduated summa cum laude from De La Salle University in 1974 with an AB degree in Mathematics. Mr. Ablaza is a Senior Managing Director of Ayala Corporation and a member of the Ayala Group Management Committee, a post he has held since 1998. Mr. Ablaza holds the following positions: Chairman of AAA Water Corporation, 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; Chairman & President of Manila Water Consortium, Inc. (formerly Northern Waterworks and Rivers of Cebu, Inc.), and Manila Water International Solutions, Inc.; Vice-Chairman of Laguna AAAWater Corporation; Co-Vice Chairman of both the Board of Directors and the Executive Committee of Globe Telecom, Inc.; Member of the Board of Directors of AG Holdings Limited; Asiacom Philippines, Inc.; Ayala Energy Holdings (formerly Michigan Power, Inc.); ACST Business Holdings, Inc.; Ayala Foundation, Inc.; Azalea International Venture Partners Limited; and LiveIT Investment Ltd.; Member of the Board of Management, Thu Duc Water B.O.O. Corp; and President of Manila Water Foundation. Mr. Ablaza was President and CEO of Globe Telecom, Inc. from 1998 to April 2009. He was previously Vice-President and Country Business Manager for the Philippines and Guam of Citibank, N.A. for its Global Consumer Banking Business. Prior to this position, he was Vice-President for Consumer Banking of Citibank, N.A. Singapore, in which he headed the Credit Payments Products Division. In 2004, he was recognized by CNBC as the Asia Business Leader of the Year, making him the first Filipino CEO to win the award.

Jaime Augusto Zobel de Ayala

Mr. Jaime Augusto Zobel de Ayala serves as Vice Chairman of the Board of Manila Water Co. Inc. since March 30, 2009. He is the Chairman and CEO of Ayala Corporation. He also holds the following positions: Chairman of Globe Telecom, Inc., Bank of the Philippine Islands, and Integrated Micro-Electronics, Inc.; Co-Chairman of Ayala Foundation, Inc.; Vice Chairman of Ayala Land, Inc. and AC Energy Holdings, Inc.; Chairman of Harvard Business School Asia- Pacific Advisory Board and Asia Business Council; Vice Chairman of the Makati Business Club, and member of the Harvard Global Advisory Council, Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, International Business Council of the World Economic Forum; Philippine Representative for APEC Business Advisory Council. He graduated with B.A. in Economics (with honors) degree from Harvard College (Harvard University) in 1981 and obtained an MBA from the Harvard Graduate School of Business (Harvard University) in 1987.

Luis Juan Oreta

Mr. Luis Juan B. Oreta serves as Treasurer, Chief Finance Officer and Compliance Officer of Manila Water Co. Inc. since March 30, 2009. 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.

Ma. Victoria Sugapong

Abelardo Basilio

Mr. Abelardo P. Basilio serves as Group Director - Strategic Asset Management of Manila Water Co. Inc. He has held this post since July 1, 2011. 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 serves as Group Director - Operations of Manila Water Co. Inc. since April 11, 2011. 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.

Ferdinand de la Cruz

Mr. Ferdinand M. de la Cruz serves as Group Director - East Zone Business Operations and Corporate Strategic Affairs Group of Manila Water Co. Inc. since July 1, 2011. 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.

Rodell Garcia

Mr. Rodell A. Garcia serves as a Chief Technology Adviser of Manila Water Co. Inc. since September 10, 2012. 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.

Virgilio Rivera

Mr. Virgilio Cervantes Rivera, Jr., serves as Group Director for Corporate Strategy Development 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).

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 serves as Assistant Corporate Secretary and Head of Legal and Corporate Governance Department of Manila Water Co. Inc. since April 11, 2011. 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. Mr. Aquino completed the academic requirements for Masteral Degree in Business Management at the Ateneo Graduate School of Business (Ateneo de Manila University) and completed his Bachelor of Science in Management degree, at the Ateneo de Manila University. He joined the Company as Group Director for Corporate Affairs and was later appointed President in January 1999. He has been with the Ayala Group in various capacities for the past 30 years and now holds the position of Senior Managing Director. He was President of the Ayala Property Management Corporation from 1990 to1998 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 currently the President of Hero Foundation and Bonifacio Arts Foundation Inc. He also serves as a Member of the Board of various corporate social responsibility foundations such as Ayala Foundation, Manila Water Foundation, and Makati Environment Foundation.

John Eric Francia

Mr. John Eric T. Francia serves as Director of Manila Water Co. Inc. since April 12, 2010. Mr. Francia received his undergraduate degree in Humanities and Political Economy from the University of Asia and the Pacific, graduating magna cum laude. He then completed his Masters Degree in Management Studies at the University of Cambridge in the United Kingdom, graduating with First Class Honors. Mr. Francia is the Head of Ayala’s Corporate Strategy and Development Group, which is responsible for overseeing Ayala’s portfolio strategy and new business development. He is also the President of AC Energy Holdings, Inc., which is Ayala’s holding company for its investments in the power sector, and the President of AC Infrastructure Holdings Corporation. Mr. Francia is also a director of Integrated Micro-Electronics, Inc., LiveIt Investments Ltd., and Integreon. Prior to joining Ayala, Mr. Francia was a senior consultant and member of the management team of Monitor Group, a strategy consulting firm based in Cambridge, Massachusetts, USA. Prior to consulting, he spent a few years in the field of academe and media.

Victoria Garchitorena

Ricardo Nicanor Jacinto

Mr. Ricardo Nicanor N. Jacinto serves as Director of Manila Water Co. Inc. since April 11, 2011. He completed his Masters Degree in Business Administration at the Harvard University in 1986. Mr. Jacinto is the President & CEO of the Institute of Corporate Directors. He is also the President of the Nicanor P Jacinto Jr Foundation, as well as a Director of LLL Holdings, Inc.

Delfin Lazaro

Mr. Delfin Lapus Lazaro serves as Director of Manila Water Co. Inc. since May 6, 2002. He graduated with Bachelor of Science in Metallurgical Engineering degree from the University of the Philippines in 1967 and took his Masters of Business Administration (with Distinction) from Harvard Graduate School of Business (Harvard University) in 1971. Mr. Lazaro is a member of the Management Committee of Ayala Corporation. His other significant positions include: Chairman of Philwater Holdings Company, Inc., Atlas Fertilizer & Chemicals Inc., Chairman and President of Michigan Power, Inc., and A.C.S.T. Business Holdings, Inc.; Chairman of Azalea Intl. Venture Partners, Ltd.; Director of Ayala Land, Inc., Integrated Micro-Electronics, Inc., Manila Water Co., Inc., Ayala DBS Holdings, Inc., AYC Holdings, Ltd., Ayala International Holdings, Ltd., Bestfull Holdings Limited, AG Holdings, AI North America, Inc., Probe Productions, Inc. and Empire Insurance Company; and Trustee of Insular Life Assurance Co., Ltd. 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. 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.

Masaji Santo

Mr. Masaji Santo serves as a Director Manila Water Co. Inc. since July 24, 2012. He graduated from University of Tokyo, Japan, in 1981. Mr. Santo is also a Senior Vice President, Division COO in the Environment and Infrastructure Business Division in Mitsubishi Corporation. He held previous positions in the same company as President of Mitsubishi Chile Limitada, and General Manager of the Project Development Unit, Plant Project Division. He also worked in Houston Branch, Mitsubishi International Corporation, in 1997 and other various positions in Mitsubishi since April 1981.

Jose Cuisia

Mr. Jose L. Cuisia, Jr., serves as Independent Director of Manila Water Co. Inc. since April 12, 2010. Mr. Cuisia graduated from De La Salle University with AB-BSC degrees (Magna Cum Laude) and earned an MBA degree from The Wharton School, University of Pennsylvania in 1970 as a University Scholar. He is presently the Ambassador Extraordinary and Plenipotentiary to the United States of America and Vice Chairman of the Philippine American Life and General Insurance Company. At present, he also holds the following positions: Chairman of The Covenant Car Company, Inc.; Vice-Chairman of SM Prime Holdings; Director of BPI-Philam Life Assurance Co. 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. The Ambassador is active in educational institutions, being the CV Starr Chairman of Corporate Governance for the Asian Institute of Management (AIM) and also being the Convenor-Trustee of the Philippine Business for Education (PBEd).

Jaime Laya

Sherisa Nuesa

Ms. Sherisa P. Nuesa serves as 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 serves as 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.
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