Company

Board of Directors and Executive Officers

Board

BOARD OF DIRECTORS

CHAIRMAN – BENJAMIN C. ABAYA

Benjamin C. Abaya is the Chairman of the Company since January 2012. He has undergraduate studies, Honors Course (Cum Laude) in Mathematics, from Ateneo de Manila University. He finished graduate studies in Pure Mathematics at the University of Chicago. After teaching advanced mathematics at the Ateneo de Manila University, he joined the Management Services Division of Sycip, Gorres & Velayo (SGV) Group as a consultant. Between 1972 and 1974, Mr. Abaya also handled general administration, controllership and planning functions of Resins, Inc. He is the Chairman of CEPALCO Energy Services Corporation (CESCO) and has been a member of the board of directors since 1980. He is also the Chairman of Bubunawan Power Company, Inc. since 1996 and a Director of Abaya Investments Corporation since 1974.

VICE CHAIRMAN – EDGARDO A. BAUTISTA

Edgardo A. Bautista is the Vice Chairman of the Company since July 2012. He is a Mechanical Engineering graduate, (Cum Laude), from De La Salle University. He has attended the Advance Management Program from Harvard Business School and he is also a Certified Fellow of Institute of Corporate Directors. He was an independent director of PNOC-EDC from 2002 until September 2007, and was formerly the President & Chief Executive Officer of Mirant Philippines Corp. & its subsidiaries and of Hopewell Group of Companies. He was formerly Chairman of El Paso Philippines Energy, Inc. and Executive Director of EPEC Nederland Holding BV, the Netherlands and East Asia Utilities Corporation and the Commissioner of Backrie Land Development Tbk, Jakarta, Indonesia. He has been a director of various electric distribution and power generation companies, like Visayas Electric Co., San Fernando Electric & Light Co., Inc, Subic Enerzone Corp., Vivant Corp. and others

DIRECTOR & SENIOR VICE PRESIDENT – JOSE MARIA A. ABAYA

Jose Maria A. Abaya is a graduate of the De La Salle University with Bachelors Degree in Economics. He is an MDP graduate from the Asian Institute of Management and holds an MSc Degree with Merit on Economic Regulation and Competition from the City University London. He is also a Director & Corporate Secretary of Mindanao Energy Systems, Inc. and a Director of CEPALCO Energy Services Corporation.

DIRECTOR – MENELEO J. CARLOS, JR.

Meneleo J. Carlos, Jr. is a Chemical Engineering graduate of Cornell University and was a recipient of a Certificate of Advance Engineering, College of Engineering from Cornell (equivalent to Master of Engineering Degree). Mr. Carlos is the President of Resins, Inc. since 1955, RI Chemical Corporation since 1996, Riverbanks Development Corporation since 1995 and various other companies. He is also an independent director of Ayala Corporation since 2002. Mr. Carlos also serves various posts in different associations and councils, among them are in Philippine Chamber of Commerce & Industry (PCCI), Xavier University, Bishops-Business Conference for Human Development, Export Development Council, Federation of Philippine Industries, Committee on Power Conservation and Demand Management, Industrial Research Foundation and Energy Development and Utilization Foundation, Inc.

DIRECTOR & TREASURER – JOSE IGNACIO A. CARLOS

Jose Ignacio A. Carlos is a graduate of Ateneo de Manila University with Bachelors Degree in Management. He is an MBA graduate from the Johnson Graduate School of Business, Cornell University. He is the President of Polymer Products (Phils), Inc. since 2001 and AVC Chemical Corporation since 2003. He is also a Director of Resins, Inc. Integrated Micro-electronics Inc., Mindanao Energy Systems, Inc. and Riverbank Development Corporation.

DIRECTOR – MARIANO U. GODINEZ

Mariano U. Godinez is an independent Director of the Company since 1983. He holds a Bachelors Degree in Accounting. He is a Director and a Corporate Nominee to the Philippine Stock Exchange (PSE) of Ansaldo, Godinez & Co., a stock brokerage firm since 1959.

DIRECTOR – RAUL CH. RABE

Raul Ch. Rabe is an independent Director of the Company since July 2012. He holds a bachelors Degree in Arts and Laws and a member of the Integrated Bar of the Philippines; Counsel of the Law Firm of Rodrigo, Berenguer, & Guno; Corporate Secretary of Manila Economic & Cultural Office (MECO) since 2001; Independent Director of Bank of Commerce (since 2001); Vivant Corporation (since 2003); Bancommerce Investment Corporation & Pet Plans, Inc. (since 2007) and KGL Negros Navigation (since 2008).


EXECUTIVE OFFICERS

PRESIDENT & CHIEF OPERATING OFFICER – CHIQUITA C. CAPILI

Chiquita C. Capili is the President and Chief Operating Officer of the Company. She is a holder of a bachelor’s degree in Economics and a candidate for Master in Science in Economics. She has completed training in Management of Electric Power Utilities by SwedPower in Sweden. She has been with CEPALCO since 1986.

SENIOR VICE PRESIDENT AND CORPORATE SECRETARY – PAMFILO V. MONTERO

Pamfilo V. Montero is currently the Senior Vice President and Corporate Secretary of the Company. He is Certified Public Accountant and has MBA units at De la Salle Graduate School of Business and Economics. He has been in CEPALCO since 1989. He holds the position of President in CEPALCO Energy in Services and Corporation (CESCO) and is also the Assistant Corporate Secretary of Mindanao Energy Systems, Inc. (MINERGY).

SENIOR VICE PRESIDENT – CAESAR C. CABUALAN

Caesar C. Cabualan is Senior Vice President & Division Head – Financial and Administrative Services Division of the Company. He is a Certified Public Accountant and has also finished a management course at AIM. He has been with CEPALCO since 1970. He is also a Director of CEPALCO Energy Services Corporation (CESCO).

SENIOR VICE PRESIDENT – JAIME RAFAEL U. PAGUIO

Jaime Rafael U. Paguio is Senior Vice President & Head – Customer Services Division of the Company. He is an AB Economics graduate and has an MBA/MA units in Economics at Xavier University, Cagayan de Oro City. He has been with CEPALCO since 1977. He is also a director of CEPALCO Energy Services Corporation (CESCO).

SENIOR VICE PRESIDENT – JOSE MARIA A. ABAYA

Jose Maria A. Abaya is Senior Vice-President since July 2011. He is a graduate of De la Salle University with Bachelors Degree in Economics. He is an MDP graduate from the Asian Institute of Management and holds an MSc Degree with Merit on Economic Regulation and Competition from the City University London. He is also a Director of CEPALCO Energy Services Corporation (CESCO).

SENIOR VICE PRESIDENT – NILDA S. LIMA

Nilda S. Lima is Senior Vice-President & Head – Treasury & Investments Group. She is a Certified Public Accountant. She is the Chief Finance Officer of the CEPALCO Group of Companies. She has been with CEPALCO since 1985.

SENIOR VICE PRESIDENT – LEONARDO G. GUMALAL

Leonardo G. Gumalal is Senior Vice-President & Head – Engineering Services Division of the Company. He is a Professional Electrical Engineer. He finished his Electrical Engineering degree at Mindanao State University – Marawi City. He completed his Master in Engineering Program at Mindanao University of Science and Technology.

VICE PRESIDENT – JAZMINE CLEMENCIA R. SUMALINOG

Jazmine Clemencia R. Sumalinog is Vice-President & Head – Internal Audit Group. She is a Certified Public Accountant and holder of Real Appraiser’s License. She has been with CEPALCO since 1976.