Cebu Holdings Inc. announced that effective 1 January 2015, Mr. Aniceto V. Bisnar has been appointed as Director and President of the company, as approved by the Board of Directors in its regular meeting held last 11 November 2014. Mr. Bisnar will replace Mr. Francis O. Monera who served as Director and President of CHI for eight years and retired at the end of calendar year 2014. Mr. Bisnar, 50, Filipino, is a Vice President of Ayala Land Inc. (ALI) Visayas-Mindanao Group.

As new Director and President effective 1 January 2015, Mr. Bisnar will be Chairman of the Sustainability Committee, a key member of the Executive Committee, Compensation Committee and Nomination Committee.