Makati Finance Corporation announced that Mr. Alan Michael R. Cruz was elected as Independent Director. He was the President and General Manager of Northpine Land Inc. from June 2011 to December 2016. He was also the Real Estate Development Manager of San Miguel Properties Inc. from March 2007 to June 2011. He also served as Vice President and Division Head of United Coconut Planters Bank (UCPB) from 2004-2007 and Vice President and OIC ­ Asset Management Division from 2000-2003. Mr. Jose Daniel R. Borromeo was elected as Director, Filipino, is the President and General Manager of Honda Motor World Inc., HMW Lending Investors Inc., Motor Ace Philippines Inc., Mapi Lending Investors Inc. and Dream Honda Inc. He is also the Managing Director of Borromeo Brothers Estate Inc., Margarita Agro Industrial Corp., Tolar Development Corp. and MC Bros. Development Corp. He is the President of Astron Gestus Inc., Cebu Maxi Management Corp., Maxi Agricultural Corporation and Cebu Parkland Inc. He is the Corporate Planning Officer of Dearborn Motors Inc. The company announced the resignation of Eugenio E. Reyes as Independent Director and Michael Wee as Director of the company, effective July 27, 2017.