SM Prime Holdings, Inc. Announces Management Changes
April 24, 2018 at 09:33 am
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SM Prime Holdings, Inc. announced that at the organizational meeting of the board of directors of the corporation held on April 24, 2018 approved the appointment of MARVIN PERRIN L. PE as Chief Risk Officer, ANNA MARIA S. GARCIA as President, Malls, STEVEN T. TAN as EVP and Chief Operating Officer, Malls, JOSE MARI H. BANZON as EVP, Residential (Primary), SHIRLEY C. ONG as EVP, Residential (Leisure), RUSSEL T. SY as VP, Commercial and MA. LUISA E. ANGELES as EVP, Hotels and Convention Centers. The following persons were elected members of the Corporate Governance Committee of the Corporation for the year 2018-2019 to serve as such and until their successors shall have been duly elected and qualified: JOSELITO H. SIBAYAN - Chairman (Independent Director); GREGORIO U. KILAYKO - Member (Independent Director); JOSE L. CUISIA, JR. - Member (Independent Director). The following persons were elected members of the Audit Committee of the Corporation for the year 2018-2019 to serve as such and until their successors shall have been duly elected and qualified: JOSE L. CUISIA, JR. - Chairman (Independent Director); JOSELITO H. SIBAYAN - Member (Independent Director); JORGE T. MENDIOLA – Member; JOSE T. SIO – Adviser; SERAFIN U. SALVADOR – Adviser. The following persons were elected members of the Risk Oversight Committee of the Corporation for the year 2018-2019 to serve as such and until their successors shall have been duly elected and qualified: GREGORIO U. KILAYKO - Chairman (Independent Director); JOSE L. CUISIA, JR. - Member (Independent Director); JORGE T. MENDIOLA – Member; JOSE T. SIO – Adviser; SERAFIN U. SALVADOR – Adviser. The following persons were elected members of the Related Party Transactions Committee of the Corporation for the year 2018-2019 to serve as such and until their successors shall have been duly elected and qualified: JOSELITO H. SIBAYAN - Chairman (Independent Director); GREGORIO U. KILAYKO - Member (Independent Director); JORGE T. MENDIOLA – Member. The following persons were elected members of the Executive Committee of the Corporation for the year 2018-2019 to serve as such and until their successors shall have been duly elected and qualified: HANS T. SY – Chairman; HENRY T. SY, JR. – Member; JEFFREY C. LIM – Member; HERBERT T. SY – Member; ELIZABETH T. SY – Member; JOHN NAI PENG C. ONG Member. Mr. John Nai Peng C. Ong was appointed as Corporate Information Officer. Atty. Elmer B. Serrano and Atty. Arthur A. Sy were appointed as Corporate Secretary and Assistant Corporate Secretary, respectively.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 85 malls in Philippines and eight shopping malls in China, totaling 10.8 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of approximately 20,615 tenants and 2,183 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains all services and facilities incident thereto.