EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
is also a Director for several of EDC’s subsidiaries:
EDC Geothermal Corporation, Green Core
Geothermal Inc., Bacman Geothermal Inc.,
Bacman Energy Development Corporation,
Southern Negros Geothermal, Inc.,
Kayabon Geothermal Inc., EDC Wind Energy
Holdings Inc., EDC Burgos Wind Power
Corporation, EDC Bayog Burgos Wind Power
Corporation, EDC Pagali Burgos Wind Power
Corporation, EDC Bright Solar Energy Holdings,
Inc., EDC Bago Solar Power Corporation, EDC
Burgos Solar Corporation. He worked previously
with the Global Power and Environmental Group
of The Chase Manhattan Bank in Singapore and
Hong Kong where he originated and executed
financial advisory and debt arrangement
mandates for power and water projects in Asia.
Mr. Puno has a Master of Management
degree from the Kellogg Graduate School of
Management of Northwestern University (1990)
and a Bachelor of Science degree in Business
Management from the Ateneo de Manila
University (1985).
2014 Training
• Executive Learning Session (Adaptive
Leadership), Dr. Ronald Heifetz
• Corporate Governance
6
PETER D. GARRUCHO, JR.
Mr. Garrucho, 70, Filipino, has been a Director of
EDC since November 2007. Until his retirement in
January 2008, he served as Managing Director
for Energy of FPHC and as Vice Chairman and
CEO of First Gen Corp. where he continues to
be a Director. He also sits in subsidiaries of these
corporations including the First Gas Holdings
Group of companies (First Gas Power, FGP
Corp., Unified Holdings, First Gen Hydro Corp.,
FG Bukidnon Power Corp., First Gen Energy
Solutions, Inc., Red Vulcan Holdings Corp.,
Prime Terracota Holdings Corp., First Philippine
Industrial Corp. and First Balfour Corp.). He
also sits as a Director in EDC Geothermal
Corporation. At present, he is also Vice Chairman
of Franklin Baker Corp. where he has a significant
shareholding and Chairman of Strategic Equities
Corp., as a majority stockholder.
He served in the government as Secretary of the
Department of Tourism and the Department of
Trade and Industry during the administration
of President Corazon C. Aquino. He was also
Executive Secretary and Presidential Adviser on
Energy Affairs under President Fidel V. Ramos.
In 2000, he was given the award of an Honorary
Officer of the Order of the British Empire by Her
Majesty, Queen Elizabeth II.
Mr. Garrucho earned his Master in Business
Administration degree from Stanford University
(1971) and his AB-BSBA degree from the De La
Salle University (1966).
2014 Training
• Corporate Governance
7
JONATHAN C. RUSSELL
Mr. Russell, 50, British, has been a Director of EDC
since November 2007. He is also an Executive
Vice President of First Gen Corp. and Director
of GCGI. He was previously Vice President
of Generation Ventures Associates (GVA), an
international developer of independent power
projects based in Boston, USA, responsible for
the development of 1,720MW of IPP projects
in Asia. Prior to joining GVA, he worked for BG
PLC based in London and Boston, and was
responsible for the development of power and
natural gas distribution projects.
Mr. Russell has an MBA with Distinction in
International Business & Export Management
from the City University Business School, London,
England (1989) and a Bachelor of Science with
Honours in Chemical & Administrative Sciences
from the City University, London, England (1987).
2014 Training
• Executive Learning Session (Adaptive
Leadership), Dr. Ronald Heifetz
• Corporate Governance
8
ERNESTO B. PANTANGCO
Mr. Pantangco, 64, Filipino, has been a Director
of EDC since November 2007 and is also the
Company’s Executive Vice President (EVP). He is
also an EVP of First Gen Corp. and several EDC
subsidiaries: EDC Geothermal Corporation,
Green Core Geothermal Inc., Bacman
Geothermal Inc., Bacman Energy Development
Corporation, Southern Negros Geothermal,
Inc., Kayabon Geothermal Inc., EDC Wind
Energy Holdings Inc., EDC Burgos Wind Power
Corporation, EDC Bayog Burgos Wind Power
Corporation, EDC Pagali Burgos Wind Power
Corporation, EDC Bright Solar Energy Holdings,
Inc., EDC Bago Solar Power Corporation, EDC
Burgos Solar Corporation, and President and
CEO of FPPC and BPPC. He also sits on the
boards of FG Luzon, GCGI, EWEHI, FG Bukidnon,
FGHPC, First Gen Geothermal Power Corp., First
Gen Visayas Hydro Power Corp., and First Gen
Mindanao Hydro Power Corp. He is President of
FGHPC and First Gen Northern Energy Corp., and
Executive Vice President of First Gen Geothermal
Power Corp., First Gen Visayas Hydro Power
Corp., First Gen Mindanao Hydro Power Corp.,
FGLuzon, and Red Vulcan. He was the President
of the Philippine Independent Power Producers
Association (PIPPA) for the last 11 years and is
currently re-elected as a Director. He is also Vice-
Chairman of the National Renewable Energy
Board (NREB) and was recently asked to be
Chairman of MAP Committee on Energy.
Mr. Pantangco has a Bachelor of Science in
Mechanical Engineering degree from the De La
Salle University (1973) and Master of Business
Administration degree from the Asian Institute of
Management, dean’s list (1976). He is a registered
mechanical engineer and placed 6th in the 1973
board exams.
2014 Training
• Executive Learning Session (Adaptive
Leadership), Dr. Ronald Heifetz
• Corporate Governance
9
TEODORICO JOSE R. DELFIN
Corporate Secretary
Atty. Delfin, 46, Filipino, was appointed by the
Board in July 2010. He is also the Corporate
Secretary for several of EDC’s subsidiaries:
EDC Geothermal Corporation, Green Core
Geothermal Inc., Bac- Man Geothermal Inc.,
Bacman Energy Development Corporation,
Southern Negros Geothermal, Inc., Kayabon
Geothermal Inc., EDC Mindanao Geothermal
Inc., Unified Leyte Geothermal Energy Inc.,
Mount Apo Renewable Energy Inc., EDC Wind
Energy Holdings Inc., EDC Burgos Wind Power
Corporation, EDC Pagudpud Wind power
Corporation, EDC Bayog Burgos Wind Power
Corporation, EDC Pagali Burgos Wind Power
Corporation, EDC Bright Solar Energy Holdings,
Inc., EDC Bago Solar Power Corporation, and
EDC Burgos Solar Corporation. He is also
Corporate Secretary of First Gen Hydro Power
Corp., and several other Company subsidiaries.
He also served as Assistant Corporate Secretary
of First Gen Corp., FG Bukidnon Power Corp.,
First Gen Renewables, Inc., Red Vulcan Holdings
Corp., First Gen Northern Energy Corp., and
other First Gen subsidiaries. Prior to joining the
Lopez Group, he was part of the Feria Law Offices
and the East Asia Power Resources Group, and
has served in various capacities at the stateowned
Philippine Amusement and Gaming
Corporation.
Atty. Delfin graduated with a Bachelor of Arts in
Political Science degree from the University of the
Philippines (1989) and earned his Bachelor
of Laws degree from the University of the
Philippines College of Law (1997).
2014 Training
• Corporate Governance Orientation Program
10
ANA MARIA A. KATIGBAK–LIM
Assistant Corporate Secretary
Atty. Katigbak–Lim, 45, Filipino, was appointed by
the Board in January 2007. She is a senior partner
at the law firm of Castillo, Laman, Tan, Pantaleon
& San Jose. Atty. Katigbak–Lim graduated cum
laude at the University of the Philippines with an
A. B. degree. She is a graduate of the University
of the Philippines College of Law (1994) and a
member of the Phi Kappa Phi international honor
society. Her practice areas are corporate law,
securities, and litigation. She was admitted to the
Philippine Bar in 1995.
11 ARTURO T. VALDEZ
Mr. Valdez, 66, Filipino, has been an Independent
Director of EDC since July 2011, and is a member
of its Audit and Governance Committee and the
CSR Committee. He served as Undersecretary
at the Department of Transportation and
Communication (DOTC) from 1996 to 2004 and
was appointed Special Envoy to the Middle
East from October 2007 to March 2008. During
his stint in government, he was instrumental in
reforming the maritime industry and rationalizing
the land transport sector.
He was past president (1974 to 1986) of the
National Mountaineering Federation of the
Philippines, Inc., the largest organization
of mountaineering clubs in the country. He
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