JAIME J Bautista has been appointed by the Philippine Airlines’ (PAL) board of directors as president and COO, taking over Ramon S Ang.
The appointment follows Lucio Tan Group’s buy-out of San Miguel Corporation’s stake in PAL. Lucio C Tan will remain as PAL’s chairman and CEO.
PAL has also appointed Joseph T Chua as vice chairman of the board, Florentino M Herrera III as corporate secretary and board member, and Marianne Raymundo as CFO.
The new members of the board include Carmen K Tan, Heinich T Khoo, Manuel M Lazaro and Johnip G Cua.
They are joined by Lucio K Tan, Jr, Michael G Tan, Washington SyCip, Alberto D Lina, Estelito Mendoza, Antonino Alindogan, Jr, and Gregorio T Yu who make up the rest of the PAL board.
The 10 new officers and directors will replace the representative of San Miguel Corporation led by Ang whose resignations have been accepted effectively since yesterday.
The composition of six various committees under the PAL board were also reconstituted.
