The following were elected to the Board of Directors of Philippine Airlines during today’s annual stockholders meeting:
ANTONINO L. ALINDOGAN, JR.
JAIME J. BAUTISTA
CHARLES C. CHANTE
JOSEPH T. CHUA
ESTELITO P. MENDOZA
EDGARDO C. OREDINA
CESAR N. SANTOS
HENRY SO UY
HARRY C. TAN
LUCIO C. TAN
LUCIO K. TAN, JR.
MICHAEL G. TAN
During the organizational meeting of the Board, the following were elected key corporate officers:
Chairman & Chief Executive Officer – LUCIO C. TAN
Vice Chairman & Treasurer – HARRY C. TAN
Deputy Chief Executive Officer – HENRY SO UY
President & Chief Operating Officer – JAIME J. BAUTISTA
Corporate Secretary- EDUARDO R. CENIZA
At the annual meeting, PAL shareholders approved a quasi-reorganization plan, reducing the par value of PAL shares to P0.20 from P0.80 per share. It will also increase its authorized capital stock from P16 billion to P20 billion divided into 100 billion shares at P0.20 per share.
Entry Credit: www.philippineairlines.com