Edition:
United States

Petron Corp (PCOR.PS)

PCOR.PS on Philippine Stock Exchange

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27 Sep 2016
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Summary

Name Age Since Current Position

Eduardo Cojuangco

81 2015 Non-Executive Chairman of the Board

Ramon Ang

62 2015 President, Chief Executive Officer, Executive Director

Emmanuel Erana

55 2010 Senior Vice President, Chief Finance Officer

Rodulfo Tablante

62 2013 Vice President - Operations

Joel Angelo Cruz

54 2010 Vice President, General Counsel, Corporate Secretary, Compliance Officer

Efren Gabrillo

60 2012 Vice President, Controller

Albertito Sarte

48 2010 Vice President - Treasurers, Treasurer

Archie Gupalor

47 2012 Vice President - National Sales

Virgilio Centeno

2016 Assistant Vice President - LPG, Lubes and Greases Trade

Ma. Rowena Cortez

52 2016 Vice President - Supply

Jaime Lu

2013 Vice President and Operations Manager of Petron Malaysia

Rommel Remulla

2016 Assistant Vice President - Reseller Trade

Julieta Ventigan

2015 Vice President - Business Planning and Development

Susan Yu

39 2009 Vice President - Procurement

Freddie Yumang

57 2009 Vice President - Refinery

Lubin Nepomuceno

64 2015 General Manager, Director

Dennis Janson

54 2015 Assistant Vice President, Controller

Samuel Candido

2015 Assistant Vice President - Refinery Technical Services

Charmaine Canillas

2013 Assistant Vice President - Corporate Affairs Department

Rolando Evangelista

2012 Assistant Vice President - Power Plant & Utilities

Dennis Floro

2013 Assistant Vice President - Supply

Andrew Fortuno

Assistant Vice President - Operations

Myrna Geronimo

48 2015 Assistant Vice President and Chief Finance Officer of Petron Malaysia

Fernando Magnayon

2014 Assistant Vice President - LPG, Lubes and Greases

David Mahilum

2015 Assistant Vice President - Refinery Production B

Mary Ann Neri

2013 Assistant Vice President - Marketing

Nathaniel Orillos

Assistant Vice President - Refinery Production

Nolan Rada

2013 Assistant Vice President - Reseller Trade

Conrado Rivera

2015 Assistant Vice President - Industrial Trade

Magnolia Uy

2013 Assistant Vice President - Market Planning, Research and Sales Information

Ma. Rosario Vergel de Dios

2013 Assistant Vice President - Human Resources

Jhoanna Jasmine Javier-Elacio

2012 Assistant Corporate Secretary

Jose de Jesus

81 2014 Director

Eric Recto

53 2014 Director

Ma. Romela Bengzon

55 2010 Non-Executive Director

Aurora Calderon

62 2010 Non-Executive Director

Ronald Haddock

75 2008 Non-Executive Director

Virgilio Jacinto

60 2010 Non-Executive Director

Mirzan Mahathir

57 2010 Non-Executive Director

Estelito Mendoza

86 2009 Non-Executive Director

Nelly Villafuerte

78 2011 Non-Executive Director

Reynaldo David

74 2009 Independent Director

Artemio Panganiban

80 2010 Independent Director

Margarito Teves

73 2014 Independent Director

Biographies

Name Description

Eduardo Cojuangco

Mr. Eduardo M. Cojuangco, Jr., has been Non-Executive Chairman of the Board of Petron Corp. since February 10, 2015. He holds the following positions, among others: Chairman and Chief Executive Officer of SMC and Ginebra San Miguel, Inc. (“GSMI”); Chairman of ECJ & Sons Agricultural Enterprises Inc., Eduardo Cojuangco Jr. Foundation Inc.; and Director of Cainaman Farms Inc. Mr. Cojuangco was formerly a director of the Manila Electric Company (“MERALCO”), member of the Philippine House of Representatives (1970 -1972), Governor of Tarlac Province (1967-1979) and Philippine Ambassador Plenipotentiary. He also served as the President and Chief Executive Officer of United Coconut Planters Bank, President and Director of United Coconut Life Assurance Corporation, and Governor of the Development Bank of the Philippines. Of the companies in which Mr. Cojuangco currently holds directorships, SMC, GSMI and San Miguel Pure Foods Company, Inc. (“SMPFC”) are also listed with the PSE. He attended the College of Agriculture at the University of the Philippines – Los Banos and the California Polytechnic College in San Luis Obispo, U.S.A. and was conferred a post graduate degree in Economics, honoris causa, from the University of Mindanao, a post graduate degree in Agri-Business, honoris causa, from the Tarlac College of Agriculture, a post graduate degree in Humanities, honoris causa, from the University of Negros Occidental-Recoletos, and a post graduate degree in Humanities, honoris causa, from the Tarlac State University.

Ramon Ang

Mr. Ramon S. Ang has been President, Chief Executive Officer, Executive Director at PETRON CORP. since February 10, 2015. He was appointed as CEO on January 8, 2009. He served as Chairman of the Board from January 8, 2009 until February 10, 2015. He holds the following positions, among others: Chairman of Petron Malaysia R efining & Marketing Berhad (“PMRMB”), Las Lucas Construction and Development Corporation (“LLCDC”), New Ventures Realty Corporation (“NVRC”), and SEA Refinery Corporation (“SRC”); Chairman and Chief Executive Officer of Petron Marketing Corporation (“PMC”) and Petron Freeport Corporation (“PFC”); Chairman and President of Mariveles Landco Corporation, Petrochemical Asia (HK) Ltd. (“PAHL”), Philippine Polypropylene Inc. (“PPI”) and Robinson International Holdings Ltd.; Director of Petron Fuel International Sdn. Bhd. (“PFISB”), Petron Oil (M) Sdn. Bhd. (“POMSB”), Petron Oil & Gas Mauritius Ltd. and Petron Oil & Gas International Sdn Bhd.; Vice Chairman, President and Chief Operating Officer of SMC; Chairman of San Miguel Brewery Inc. (“SMB”), San Miguel Foods, Inc., The Purefoods-Hormel Company, Inc., San Miguel Yamamura Packaging Corporation, South Luzon Tollway Corporation, Eastern Telecommunications Philippines Inc., Liberty Telecoms Holdings, Inc. (“Liberty Telecoms”), and Philippine Diamond Hotel & Resort Inc.; Chairman and Chief Executive Officer of SMC Global Power Holdings Corp.; Chairman and President of San Miguel Properties, Inc., Bell Telecommunication Philippines, Inc., Atea Tierra Corporation, Cyber Bay Corporation and Philippine Oriental Realty Development Inc.; Vice Chairman of GSMI and SMPFC; and President and Chief Executive Officer of Top Frontier Investment Holdings Inc. (“Top Frontier”); Director of other subsidiaries and affiliates of SMC in the Philippines and the Southeast Asia Region. Previously, Mr. Ang was the Chief Executive Officer of the Paper Industries Corporation of the Philippines and Executive Managing Director of Northern Cement Corp.

Emmanuel Erana

Mr. Emmanuel E. Erana has been Senior Vice President, Chief Finance Officer at PETRON CORP. since July 12, 2010. He holds the following positions, among others: President and Chief Executive Officer of Petrogen, LLCDC and NVRC; President of PFI; Deputy Chairman of Ovincor; and Director of PFC, POGM, PFISB, POMSB and MNHPI. Mr. Eraña served the following positions in the San Miguel Group: as the Vice President and Chief Information Officer (January 2008-December 2009), Executive Assistant to the Chief Financial Officer, Corporate Service Unit (December 2006 -January 2008), Chief Finance Officer of SMFBIL/NFL Australia (May 2005-November 2006), Chief Finance Officer of SMPFC (July 2002-May 2005), and Finance Officer (January 2001-June 2002), Finance and Management Services Officer, San Miguel Food Group (2000-2001). Mr. Erana has a Bachelor of Science degree in Accounting from the Colegio de San Juan de Letran.

Rodulfo Tablante

Mr. Rodulfo L. Tablante has been Vice President - Operations at PETRON CORP. since November 4, 2013. He was the Head of Corporate Technical and Engineering Services Group of the Company from 2009 to 2013. Mr. Tablante was College Instructor and Mechanical Engineering Reviewer in the Cebu Institute of Technology (1975 -1978 and 1976-1977, respectively), Process Control Engineer, Operations Planning and Control Head and Plant Operation Superintendent of SMC Mandaue Brewery (1976-1979, 1979-1980 and 1980-1984, respectively), Engineering Manager and Project Manager of SMC - Polo Brewery (1984-1989 and 1989-1992, respectively), Assistant Brewery Consultant, Assistant Vice President, Engineering Manager and Vice President and Engineering Manager of SMC - Corporate Technical Services (1992-2001, 2001-2004 and January 2005-2007, respectively). He was a consultant of SMC from 2007 until December 2009. Mr. Tablante has a Bachelor of Science degree in Mechanical Engineering from the Cebu Institute of Technology and earned units for a Master’s degree in Mechanical Engineering from the same institute.

Joel Angelo Cruz

Atty. Joel Angelo C. Cruz has been Vice President, General Counsel, Corporate Secretary, Compliance Officer of Petron Corporation since October 6, 2010. He holds the following positions, among others: Corporate Secretary and Compliance Officer of Petrogen, Corporate Secretary of LLCDC, NVRC, PMC, and PFC; Corporate Secretary of Petron Global Limited; Assistant Corporate Secretary of MNHPI; and Trustee of PFI. Atty. Cruz was formerly the Assistant Vice President of the Office of the General Counsel, Assistant Corporate Secretary and Legal Counsel of the Company, and Assistant Corporate Secretary of all the Company’s subsidiaries. He is a member of the Integrated Bar of the Philippines. Atty. Cruz holds a Bachelor of Arts degree in Economics from the University of the Philippines and a Bachelor of Laws from San Beda College. He attended the Basic Management Program of the AIM in 1997 as well as numerous local and foreign trainings and seminars.

Efren Gabrillo

Mr. Efren P. Gabrillo has been Vice President and Controller of Petron Corporation since July 1, 2012. He is also a Director of PSTPL and the Controller of most of the Company’s subsidiaries. The various positions he has held in the Company include Assistant Vice President for Controllers (June 2010-June 2012), Assistant Vice President for Internal Audit (September 2009-May 2010), and various supervisory and managerial positions in Accounting, Treasurers, Business Support and Services, and Materials and Services Procurement. A certified public accountant, Mr. Gabrillo is a member of the Philippine Institute of Certified Public Accountants. He is a graduate of Bachelor of Science in Commerce, major in Accounting, from the De La Salle University. He also completed the Management Development Program of the AIM in October 2003 and has attended numerous trainings in the Philippines and abroad.

Albertito Sarte

Mr. Albertito (Albert) S. Sarte has served as Vice President - Treasurers and Treasurer of Petron Corporation since July 12, 2010. He has been Treasurer of the Company since August 2009. He is also the Treasurer of most of the Company’s subsidiaries. Mr. Sarte served as Assistant Vice President for SMC International Treasury until June 2009. He graduated from the Ateneo de Manila University in 1987 with a Bachelor of Science degree in Business Management and has attended the Management Development Program of the AIM in 1995.

Archie Gupalor

Mr. Archie B. Gupalor has been Vice President for National Sales of Petron Corporation since March 1, 2012. He has been with the San Miguel Group of Companies since 1990. Prior to his appointment in the Company, he held the position of Vice President and General Manager of San Miguel Foods, Inc. since 2009. He started his career with the Beer Division of San Miguel Corporation as a sales executive in 1990, working his way up to becoming supervisor then Trade Marketing Manager in 1999. He earned his Bachelor of Science degree in Industrial Psychology at the University of San Carlos and has attended several programs in the Philippines and abroad, including the Executive Management Development Program of the Harvard Business Publishing.

Virgilio Centeno

Ma. Rowena Cortez

Ms. Ma. Rowena O. Cortez is Vice President - Supply of Petron Corporation. She is Director for Petron Singapore Trading Pte. Ltd. since June 2013. She is also a Director of Petrochemical Asia (HK) Limited, Robinson International Holdings Ltd., Mariveles Lando Corporation, and Pandacan Depot Services Inc. The various positions she has held in the Company include Vice President for Supply & Operations (July 2010 – August 2013), Vice President for Supply (June 2009 to June 2010) and various managerial and supervisory positions in the Marketing/Sales, and Supply and Operations Divisions of Petron. Ms. Cortez also held various positions at the Phil. National Oil Company - Energy Research and Development Center from 1986 to 1993. She holds a Bachelor of Science in Industrial Engineering and a Master’s degree in Business Administration from the University of the Philippines, Diliman. She also took post graduate courses at the Asian Institute of Management and at the University of Oxford in Oxfordshire, UK. She has attended local and foreign trainings and seminars on leadership, market research, supply chain, risk management, petroleum, petrochemicals and energy.

Jaime Lu

Rommel Remulla

Julieta Ventigan

Susan Yu

Ms. Susan Y. Yu has been Vice President - Procurement of Petron Corporation since January 2009. She is also a Trustee of PFI, Director of Ovincor and Petron Singapore Trading Pte. Ltd. (“PSTPL”). Ms. Yu has served as the Treasurer of Petrogen, Assistant Vice President and Senior Corporate Procurement Manager of San Miguel Brewery Inc., Assistant Vice President and Senior Corporate Procurement Manager of SMC Corporate Procurement Unit (July 2003-February 2008), and Fuel Purchasing and Price Risk Management Manager of Philippine Airlines (May 1997-June 2003). She holds a commerce degree in Business Management from the De La Salle University and a Master’s degree in Business Administration from the Ateneo de Manila University, for which she was awarded a gold medal for academic excellence.

Freddie Yumang

Mr. Freddie P. Yumang has been Vice President - Refinery of Petron Corporation since September 2009. He is also a Director of PPI, Mariveles Landco Corporation, Robinson International Holdings Ltd. and PAHL. He is the lead of the Company’s RMP-2 project and has held various positions in the Company, including Operations Manager and Technical Services Manager, and different supervisory and managerial positions at the Petron Bataan Refinery. Mr. Yumang is currently a director of the National Association of Mapua Alumni and was formerly National Director of the Philippine Society for Mechanical Engineers (2006-2007). He is a Mechanical Engineering graduate of the Mapua Institute of Technology and has units in Master’s in Business Administration from the De La Salle University. He also attended the Basic Management and Management Development Programs of the AIM in 1992 and 2002, respectively, in which he received separate awards for superior performance.

Lubin Nepomuceno

Mr. Lubin B. Nepomuceno serves as General Manager, Director of Petron Corporation since February 10, 2015. He holds the following positions, among others: President and Chief Executive Officer of PMC; Director and Chief Executive Officer of PMRMB; Director of POGI, PFISB, POMSB, LLCDC, NVRC, PFC, PPI, PAHL, Mariveles Landco Corporation, Robinson International Holdings, Ltd. and Petron Singapore Trading Pte. Ltd.; Chairman of Petrogen Insurance Corporation (“Petrogen”); Trustee of Petron Foundation, Inc. (“PFI”); Chairman of Overseas Ventures Insurance Corporation Ltd. (“Ovincor”); Director of San Miguel Paper Packaging Corporation and Mindanao Corrugated Fibreboard Inc.; Independent Director of Manila North Harbour Port, Inc. (“MNHPI”) and President of Archen Technologies, Inc. Mr. Nepomuceno has held various board and executive positions in the San Miguel Group. He started with SMC as a furnace engineer at the Manila Glass Plant in 1973 and rose to the ranks to become the General Manager of the San Miguel Packaging Group in 1998. He was also formerly the Senior Vice President and General Manager of the Company (September 2009 to February 2013) and the President of the Company (February 2013 to February 2015). Mr. Nepomuceno holds a Bachelor of Science degree in Chemical Engineering and Masters Degree in Business Administration from the De La Salle University. He also attended Advanced Management Program at the University of Hawaii, University of Pennsylvania and Japan’s Sakura Bank Business Management.

Dennis Janson

Samuel Candido

Charmaine Canillas

Rolando Evangelista

Dennis Floro

Andrew Fortuno

Myrna Geronimo

Fernando Magnayon

David Mahilum

Mary Ann Neri

Nathaniel Orillos

Nolan Rada

Conrado Rivera

Magnolia Uy

Ma. Rosario Vergel de Dios

Jhoanna Jasmine Javier-Elacio

Jose de Jesus

Mr. Jose (Ping) P. de Jesus has served as a Director of PETRON CORP. since May 20, 2014. He is the President and Chief Executive Officer of Nationwide Development Corporation from September 2011 to present. He was the President and Chief Operating Officer of MERALCO from February 2009 to June 2010, the Secretary of the Department of Transportation and Communications from July 2010 to June 2011 and the President and Chief Executive Officer of Manila North Tollways Corporation from January 2000 to December 2008. He was Lux in Domino Awardee (Most Outstanding Alumnus) of the Ateneo de Manila University in July 2012. He is also Director of Nationwide Development Corporation and KingKing Gold & Copper Mines, Inc. He is a Trustee of Bantayog ng mga Bayani Foundation, Eisenhower Fellowship Association of the Philippines, Kapampangan Development Foundation and Holy Angel University. Mr. de Jesus is a graduate of AB Economics and holds a Master of Arts in Social Psychology from the Ateneo de Manila University. He also finished Graduate Studies in Human Development from the University of Chicago.

Eric Recto

Mr. Eric O. Recto serves as a Director of Petron Corp. since July 31, 2008. He holds the following positions, among others: Chairman and Chief Executive Officer of PFI; Chairman of Philippine Bank of Communications (“PBCom”); Chairman and CEO of ISM Communications Corporation (“ISM”), and Vice Chairman of Atok-Big Wedge Corporation (“Atok”); and President and Director of QTech Alliance Holdings, Inc. Of the companies in which Mr. Recto currently holds directorships, PBCom, Atok, and ISM are also listed with the PSE. Mr. Recto was previously the President and Vice Chairman of the Company and a Director of SMC, PMRMB and MERALCO. He was formerly the Undersecretary of the Philippine Department of Finance, in charge of both the International Finance Group and the Privatization Office from 2002 to 2005. He also served as the President of the Company (2008-2013), Vice Chairman of the Company (2013-2014), Chairman of Petrogen and Senior Vice President and Chief Finance Officer of Alaska Milk Corporation (2000-2002) and Belle Corporation (1994-2000). Mr. Recto has a degree in Industrial Engineering from the University of the Philippines and a Masters degree in Business Administration from the Johnson School, Cornell University.

Ma. Romela Bengzon

Ms. Ma. Romela M. Bengzon has been Non-Executive Director of Petron Corporation since August 13, 2010. She holds the following positions, among others: Director of PMC; Managing Partner of the Bengzon Law Firm; and professor at the De La Salle University Graduate School of Business, Far Eastern University Institute of Law MBA-JD Program, the Ateneo Graduate School of Business and Regis University. She was formerly a Philippine government Honorary Trade Ambassador to the European Union, and Chairperson of the Committee on Economic Liberalization and Deputy Secretary General of the Consultative Commission, both under the Philippine Office of the President. A Political Science graduate of the University of the Philippines in 1980 (with honors), she obtained her Bachelor of Laws from the Ateneo de Manila University in 1985.

Aurora Calderon

Ms. Aurora T. Calderon has been Non-Executive Director of Petron Corporation since August 13, 2010. She holds the following positions, among others: Senior Vice President and Senior Executive Assistant to the President and Chief Operating Officer of SMC; Director of PMRMB, Petron Oil & Gas Mauritius Ltd., Petron Oil & Gas International Sdn Bhd, PMC, PFC, SRC, NVRC, LLCDC, Thai San Miguel Liquor Co., Ltd., SMC Global Power Holdings Corp., Rapid Thoroughfares Inc., Trans Aire Development Holdings Corp., Vega Telecom, Inc., Bell Telecommunications Company, Inc., A.G.N. Philippines, Inc. and various subsidiaries of SMC; and Director and Treasurer of Top Frontier. Of the companies in which Ms. Calderon currently holds directorships, Top Frontier is also listed with the PSE. She has served as a Director of MERALCO (January 2009-May 2009), Senior Vice President of Guoco Holdings (1994-1998), Chief Financial Officer and Assistant to the President of PICOP Resources (1990-1998) and Assistant to the President and Strategic Planning at the Elizalde Group (1981-1989). A certified public accountant, Ms. Calderon graduated magna cum laude from the University of the East in 1973 with a degree in Business Administration major in Accounting and earned her Master’s degree in Business Administration from the Ateneo de Manila University in 1980. She is a member of the Financial Executives and the Philippine Institute of Certified Public Accountants.

Ronald Haddock

Mr. Ronald (Ron) W. Haddock has been Non-Executive Director of Petron Corporation since December 2, 2008. He holds the following positions, among others: Executive Chairman of AEI Services, L.L.C.; and member of the board of Alon Energy USA. Mr. Haddock was formerly Honorary Consul of Belgium in Dallas, Texas. He also served as Chairman of Safety-Kleen Systems; Chairman and Chief Executive Officer of Prisma Energy International and FINA, and held various management positions in Exxon including: Manager of Baytown Refinery; Corporate Planning Manager; Vice President for Refining; Executive Assistant to the Chairman; and Vice President and Director of Esso Eastern, Inc. He holds a degree in Mechanical Engineering from Purdue University.

Virgilio Jacinto

Atty. Virgilio S. Jacinto has been Non-Executive Director of Petron Corporation since August 13, 2010. He holds the following positions, among others: Corporate Secretary, Compliance Officer, Senior Vice President and General Counsel of SMC; Director of San Miguel Brewery Inc.; Corporate Secretary and Compliance Officer of Top Frontier; Corporate Secretary of GSMI and the other subsidiaries and affiliates of SMC; and Director of various other local and offshore subsidiaries of SMC. Mr. Jacinto has served as a Director and Corporate Secretary of United Coconut Planters Bank, a Partner of the Villareal Law Offices (June 1985 -May 1993) and an Associate of Sycip, Salazar, Feliciano & Hernandez Law Office (1981-1985). Atty. Jacinto is an Associate Professor of Law at the University of the Philippines. He obtained his law degree from the University of the Philippines (cum laude) where he was the class salutatorian and placed sixth in the 1981 bar examinations. He holds a Master of Laws degree from Harvard University.

Mirzan Mahathir

Mr. Mirzan Mahathir has been Non-Executive Director of Petron Corporation since August 13, 2010. Among other positions, he is currently the Chairman and Chief Executive Officer of Crescent Capital Sdn Bhd. He holds directorships in several private and public companies in South East Asia. He also serves as President of the Asian Strategy & Leadership Institute, Chairman of several charitable foundations and a member of the Wharton School Executive Board for Asia and the Business Advisory Council of United Nations ESCAP. He was formerly the Executive Chairman and President of Konsortium Logistik Berhad (1992-2007), Executive Chairman of Sabit Sdn Bhd (1990-1992), Associate of Salomon Brothers in New York, U.S.A. (1986-1990) and Systems Engineer at IBM World Trade Corporation (1982-1985). He graduated with a Bachelor of Science (Honours) degree in Computer Science from Brighton Polytechnic, United Kingdom and obtained his Masters in Business Administration from the Wharton School, University of Pennsylvania, USA.

Estelito Mendoza

Atty. Estelito P. Mendoza has been Non-Executive Director of Petron Corporation since January 8, 2009. He is likewise a member of the Board of Directors of SMC and Philippine National Bank (“PNB”). Of the companies in which Atty. Mendoza currently holds directorships, SMC and PNB are also listed with the PSE. He previously served as a Director of MERALCO. He has now been engaged in the practice of law for more than 60 years, and presently under the firm name Estelito P . Mendoza and Associates. He has consistently been listed as a “Leading Individual in Dispute Resolution” among lawyers in the Philippines in the following directories/journals: “The Asia Legal 500”, “Chambers of Asia” and “Which Lawyer?” yearbooks for several years. He has also been a Professorial Lecturer of law at the University of the Philippines and served as Solicitor General, Minister of Justice, Member of the Batasang Pambansa and Provincial Governor of Pampanga. He was also the Chairman of the Sixth (Legal) Committee, 31 st Session of the UN General Assembly and the Special Committee on the Charter of the United Nations and the Strengthening of the Role of the Organization. He holds a Bachelor of Laws degree from the University of the Philippines (cum laude) and Master of Laws degree from Harvard Law School. He is the recipient on June 28, 2010 of a Presidential Medal of Merit as Special Counsel on Marine and Ocean Concerns and was also awarded by the University of the Philippines Alumni Association its 1975 “Professional Award in Law” and in 2013 its “Lifetime Distinguished Achievement Award”.

Nelly Villafuerte

Atty. Nelly Favis Villafuerte has been Non-Executive Director of Petron Corporation since December 1, 2011. She is also a Director of Top Frontier, another company listed with the PSE. She is a columnist for the Manila Bulletin and was a former Member of the Monetary Board of the Bangko Sentral ng Pilipinas from 2005 until July 2011. She is an author of business handbooks on microfinance, credit card transactions, exporting and cyberspace and a four-volume series on the laws on banking and financial intermediaries (Philippines). Atty. Villafuerte has served as Governor of the Board of Investments (1998-2005), Undersecretary for the International Sector (Trade Promotion and Marketing Group) of the Department of Trade and Industry (“DTI”) (July 1998-May 2000), and Undersecretary for the Regional Operations Group of the DTI (May 2000-2005). She holds a Masters degree in Business Management from the Asian Institute of Management (“AIM”) and was a professor of international law/trade/marketing at the graduate schools of AIM, Ateneo Graduate School of Business and De La Salle Graduate School of Business and Economics. Atty. Villafuerte obtained her Associate in Arts and law degrees from the University of the Philippines and ranked in the top ten in the bar examinations.

Reynaldo David

Mr. Reynaldo G. David has been Independent Director of Petron Corporation since May 12, 2009. He has previously held, among others, the following positions: President and Chief Executive Officer of the Development Bank of the Philippines; Chairman of NDC Maritime Leasing Corporation; and Director of DBP Data Center, Inc. and Al-Amanah Islamic Bank of the Philippines. Other past positions include: Independent Director of ISM and ATOK, Chairman of LGU Guarantee Corporation, Vice Chairman, Chief Executive Officer and Executive Committee Chairman of Export and Industry Bank (September 1997-September 2004), Director and Chief Executive Officer of Unicorp Finance Limited and Consultant of PT United City Bank (concurrently held from 1993-1997), Director of Megalink Inc., Vice President and FX Manager of the Bank of Hawaii (April 1984-August 1986), various directorships and/or executive positions with The Pratt Group (September 1986-December 1992), President and Chief Operating Officer of Producers Bank of the Philippines (October 1982-November 1983), President and Chief Operation Officer of International Corporation Bank (March 1979-September 1982), and Vice President and Treasurer of Citibank N. A. (November 1964-February 1979). A Ten Outstanding Young Men awardee for Offshore Banking in 1977, he was also awarded by the Association of Development Financing Institutions in Asia & the Pacific as the Outstanding Chief Executive Officer in 2007. A certified public accountant since 1964, he graduated from the De La Salle University with a combined Bachelor of Arts and Bachelor of Science in Commerce degrees in 1963 and has attended the Advance Management Program of the University of Hawaii (1974). He was conferred with the title Doctor of Laws, honoris causa, by the Palawan State University in 2005 and the title Doctor of Humanities, honoris causa¸by the West Visayas State University in 2009.

Artemio Panganiban

Chf. Justice (Retd.) Artemio V. Panganiban has been Independent Director of Petron Corporation since October 21, 2010. Apart from Petron, he is an independent director of the following listed companies: MERALCO, Bank of the Philippine Islands, First Philippine Holdings Corp., Philippine Long Distance Telephone Co., Metro Pacific Investment Corp., Robinsons Land Corp., GMA Network, Inc., GMA Holdings, Inc., Asian Terminals, Inc., and Nonexecutive Director of Jollibee Foods Corporation. He is a columnist for the Philippine Daily Inquirer and officer, adviser or consultant to several business, civic, educational and religious organizations. Director Panganiban was formerly the Chief Justice of the Supreme Court of the Philippines (2005 -2006); Associate Justice of the Supreme Court (1995-2005); Chairperson of the Philippine House of Representatives Electoral Tribunal (2004-2005); Senior Partner of Panganiban Benitez Parlade Africa & Barinaga Law Office (1963-1995); President of Baron Travel Corporation (1967-1993); and professor at the Far Eastern University, Assumption College and San Sebastian College (1961-1970). He is an author of over ten books and has received various awards for his numerous accomplishments, most notably the “Renaissance Jurist of the 21 st Century” conferred by the Supreme Court in 2006 and the “Outstanding Manilan” for 1991 by the City of Manila. Chief Justice Panganiban earned his Bachelor of Laws degree, cum laude, from the Far Eastern University in 1960 and placed sixth in the bar exam that same year.

Margarito Teves

Mr. Margarito B. Teves has been Independent Director of PETRON CORP. since May 20, 2014 and the Chairman of the Governance Committee of the Company since July 3, 2014. He is likewise an independent director of other listed companies SMC and Atok. He is also the Managing Director of The Wallace Business Forum and Chairman of Think Tank Inc. He was the Secretary of the Department of Finance of the Philippine government from 2005 to 2010, and was previously the President and Chief Executive Officer of the Land Bank of the Philippines from 2000 to 2005, among others. He was awarded as “2009 Finance Minister of Year/Asia” by the London-based The Banker Magazine. He holds a Master of Arts in Development Economics from the Center for Development Economics, Williams College, Massachusetts and is a graduate of the City of London College, with a degree of Higher National Diploma in Business Studies which is equivalent to a Bachelor of Science in Business Economics.