Board of Directors Department under the Legal and Regulatory Group. Prior to joining the Lopez Group, Beth was Assistant Vice President for Legal Services at Global Business Power Corporation (Global Power), where she also served as the Head of the Legal Department and Assistant Corporate Secretary of the Global Power subsidiaries. Before moving in- house, Beth built her legal experience first as litigation associate at Villaraza & Angangco, later joining the government as Court Attorney in the Office of then Chief Justice Hilario G. Davide, Jr. in the Philippine Supreme Court. Thereafter, she pursued and completed her Master of Laws degree at the University of Michigan in Ann Arbor, Michigan, U.S.A., which was followed by a fellowship stint at the Center for International Environmental Law in Geneva, Switzerland. Upon her return to the Philippines, she transitioned into commercial law practice as an associate at Romulo Law Office. Beth obtained a Bachelor of Science degree in Management, Major in Legal Management in 1996 from the Ateneo de Manila University, where she also earned her Juris Doctor degree (with Second Honors Silver Medal Award) in 2000. She was admitted to the Philippine Bar in 2001. In 2006, Beth received her Master of Laws degree from the University of Michigan in Ann Arbor, Michigan, U.S.A., as a Michigan Grotius Fellow. <strong>2016</strong> Training • Tax Update Seminar • Corporate Governance • Latham & Watkins Presentation on Financing and Financing Covenants Manuel I. Ayala Mr. Ayala, 53, Filipino, is <strong>EDC</strong>’s newest member of the Board of Directors, having been elected as its third Independent Director, to serve the unexpired portion of the term of his predecessor, Mr. Arturo T. Valdez. He is also an Independent Director of Sky Cable and the Managing Director of the Philippine office of Endeavor, a global nonprofit organization focused on accelerating the growth of high impact entrepreneurs. Such entrepreneurs 1) have the biggest ideas, 2) have the potential to scale their businesses and 3) multiply their success by mentoring and investing in other entrepreneurs. Endeavor is in 26 countries and has supported over 1,200 high impact entrepreneurs. Prior to Endeavor, Mr. Ayala founded Hatchd, Inc, a technology incubator that has helped to create companies such as Rappler, PawnHero, AVA, Purple Click, Zipmatch and Ayannah. He was also a cofounder of IRG Ltd, a Hong Kong based M&A advisory firm focused on the Telecoms, Media and Tech sectors across the Asia Pacific. He sits on the Boards of Sky Cable and is a past president of the Philippine Chapter of Entrepreneurs Organization. Mr. Ayala has an MBA from Harvard Business School and a BA from Yale University. FRANCISCO ED. LIM Mr. Lim, 62, Filipino, is an Independent Director of <strong>EDC</strong> since July 2010. He is the Co- Managing Partner and Senior Partner of Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW) and is the Head of its Corporate and Special Projects Department. He is a member of the Financial Executives of the Philippines (FINEX). He is a law professor at the College of Law of the Ateneo de Manila University and the Graduate School of Law of San Beda College, and the Vice-Chair, Commercial Law Department of the Philippine Judicial Academy. He is a member of both the Philippine Bar and New York State Bar. He is a trustee of The Insular Life Assurance Company, Ltd and an independent director of the Producers Savings Bank Corporation. He is also a trustee and president of the Shareholders’ Association of the Philippines (SHAREPHIL) and the Vice-Chair of the Corporate Governance Committee of the Management Association of the Philippines (MAP) and Chairman of the Justice System Working Group of the National Competitiveness Council. He served as past President and CEO and Director of Philippine Stock Exchange, Inc. (PSE), President & CEO of Securities Clearing Corporation of the Philippines (SCCP), Chairman of the Philippine Stock Exchange Foundation, Inc., (PSEFI) and Capital Market Development Center, Inc. (CMDCI), Director of the Philippine Dealing & Exchange Corporation (PDEx), Trustee of the Securities Investors Protection Fund (SIPF), and member of Capital Market Development Council (CMDC) from September 15, 2004 to February 15, 2010. He successfully worked for the passage by Congress of several capital market development related laws, namely, Personal Equity Retirement Account Act (PERAA), Credit Investment System Act (CISA), Real Estate Investment Trust Act (REITA), Documentary Stamp Duty Exemption for secondary trading of listed stocks, and Financial Rehabilitation and Insolvency Act (FRIA). He was Chairman of the Technical Working Group on the Collective Investment Schemes Law (CISL) and Chairman of the Technical Working Group on Real Estate Investments Trusts (REITS) in the Fourteenth Congress of the Senate of the Republic of the Philippines. Mr. Lim graduated magna cum laude in Bachelor of Philosophy and cum laude in Bachelor of Arts from the University of Santo Tomas. He completed with honors his Bachelor of Laws degree (Second Honors) from the Ateneo de Manila University and his Master of Laws degree from the University of Pennsylvania, USA. <strong>2016</strong> Trainings • Corporate Governance EDGAR O. CHUA Mr. Chua, 60, Filipino, is an Independent Director of <strong>EDC</strong> since July 2010. He was the Country Chairman of Shell companies in the Philippines from September 2003 to October <strong>2016</strong>. He had corporate responsibility for the various Shell companies in the exploration, manufacturing and marketing sector of the petroleum business. He also oversaw the Shared Services operations and various Shell holding companies. His career spanned more than 38 years of experience in the business fields of chemicals, auditing, supply planning and trading, marketing and sales, lubricants, corporate affairs and general management. He also held senior positions as Transport Analyst in Group Planning in the UK and as General Manager of the Shell Company of Cambodia. From July1999 to August 2003, he served in Shell Oil Products East including GM for Consumer Lubricants for Asia Pacific covering all countries East of Suez Canal. He also headed Shell’s Global Marketing for Commercial Fuels. Mr. Chua earned his Bachelor of Science degree in Chemical Engineering from De La Salle University (1978) and attended the senior management course in INSEAD in Fontainebleau, France. In <strong>2016</strong>, he was awarded by the Asia CEO as Global Filipino Executive of the Year Mr. Chua is currently the non-executive Chairman of Pilipinas Shell Petroleum, and an independent Director of <strong>EDC</strong>, chairing the audit and related party transaction committees. He is independent director of the Integrated Micro-Electronics Inc (IMI) and chairs the audit and related party transaction committees. He is also currently on the Advisory Boards of Mitsubishi Motors Philippines Corporation and Coca Cola FEMSA Philippines. Until Q1 <strong>2016</strong>, he was also a Board Advisor at Globe Telecom, Inc. . <strong>2016</strong> Trainings • Corporate Governance 131
Key Executives FEDERICO R. LOPEZ Chairman and CEO RICHARD B. TANTOCO President and COO ernesto b. pantangco Executive Vice President nestor H. vasay Senior Vice President, Chief Finance Officer/Corporate Treasurer, Head - Finance and Shared Services Group FERDINAND B. POBLETE Vice President and Chief Information Officer, Head - Information Technology Group Ferdinand S. Golez Head - Security Group Ma. ELIZABETH D. NASOL Vice President, Head - Human Resource Management Group Maribel A. Manlapaz Comptroller 132 I Energy Development Corporation Performance Report <strong>2016</strong>
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