Manila Bulletin Publishing Corp. announced that at the board of director's meeting held on June 26, 2014, approved the resignation of Atty. Migel B. Varela as director of the company and approved the election of Francis Y. Gaw as director.

Atty. Gaw was a former director of the Bank of Communications of Filipinas Manufacture's Bank. At present, he is the chairman of President of Gold class, inc. and Royal Bay Terrace Condominium Association Inc., director of Manila Hotel Corporation, Euro-Med Laboratories Philippines Inc., UN Properties Development co Inc., and Oriental Enterprises Inc. He is the principal/sole practitioner of Gaw law office.