Crown Asia Chemicals Corporation announced that on 19 July 2019, the Board of Directors accepted the resignation of Mr. Eugene H. Lee Villanueva as President, effective 1 August 2019. However, he will retain his positions as Director and General Manager of the Compounds Division. Mr. Walter H. Villanueva, who is also the Chairman of the Board and the General Manager of the PVC Roof Division, will assume the position as President.