DMCI Holdings Appoints New Independent Directors

Diversified engineering conglomerate DMCI Holdings, Inc. (PSE: DMC) has elected Roberto L. Panlilio, Bernardo M. Villegas, and Cynthia R. del Castillo as independent directors in its Annual Stockholders’ Meeting on May 17.

Photo Insert: The new appointees will take the seats of outgoing executive director Herbert M. Consunji and independent directors Antonio Jose U. Periquet and Honorio O. Reyes-Lao, who were all tapped to serve as advisors to the Board.

They will take the seats of outgoing executive director Herbert M. Consunji and independent directors Antonio Jose U. Periquet and Honorio O. Reyes-Lao, who were all tapped to serve as advisors to the Board.

Panlilio is the former Country Chairman for the Philippines of J.P. Morgan, a global leader in financial services. As its Senior Country Officer from 1999 to 2019, he led the management, governance, and control of the financial institution’s franchise in the country.

Villegas is an economist, educator, author, columnist, and director in several corporations and foundations. One of the framers of the 1987 Philippine Constitution, he is a consultant on management development and strategic planning for leading local and regional firms.

Del Castillo is a Senior Partner and Executive Board member of Romulo Mabanta Buenaventura Sayoc and De Los Angeles, one of the largest and oldest firms in the Philippines. She was the youngest and only female dean of the Ateneo de Manila University School of Law, where she served from May 1990 to June 2000.

Del Castillo is the first female independent director of DMCI Holdings. Her appointment raises the company’s total female board representation to nearly half (4 out of 9).

“We are happy to welcome our new independent directors and advisors to the board. With their diverse backgrounds, professional expertise, and exceptional qualifications, the Board can better navigate the increasingly complex and uncertain business environment,” said DMCI Holdings chairman and president Isidro A. Consunji.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic