The Board of Philippine Estates Corporation appointed members of the new committees. The company appointed Kenneth T. Gatchalian as Chairman of Finance Committee, Byoung Y. Suh, Arthur Ponsaran as Member of Finance Committee and Jocelyn A. Valle as Ex-Officio Member of Finance Committee. The company appointed Sergio Ortiz-Luis, Jr. as Chairman of Risk Management Committee, Ricky Ricardo, Renato Magadia as Member of Risk Management Committee. The company appointed Sergio Ortiz-Luis, Jr. as Chairman of Nomination and Governance Committee, Renato Magadia, Arthur Ponsaran as Member of Nomination and Governance Committee. The company appointed Sergio Ortiz-Luis, Jr. as Chairman of Related Parties Transactions (PRT) Committee, Byoung Y. Suh, Renato Magadia as Member of Related Parties Transactions (PRT) Committee.