Medilines Distributors Incorporated announced that in a Special Meeting of the Board of Directors held on December 29, 2022, Ms. Margarita D. Villarico tendered her resignation as CFO of the Company, effective immediately. Further, Ms. Ma. Carmela D. Ochoa has been appointed as her replacement.

Mrs. Ma. Carmela D. Ochoa, 42, is a Certified Public Accountant. She took her Masters in Business Administration at De La Salle University Manila.

Prior to joining the Company, she held senior finance and auditor positions for 18 years with various companies, which include San Miguel Corporation, Bayan Telecommunications Inc., ABS-CBN Broadcasting Corporation, and VDT-3 Services Inc. Mrs. Ochoa is a member of the Philippine Institute of Certified Public Accounts (PICPA).