Elpidio L. Ibanez

Mr. Ibañez, Filipino, has been a Director of EDC since July

2010. He is also the President and Chief Operating Officer of

FPHC. He is a member of the boards of First Gen Renewables

Inc., FG Bukidnon Power Corp., Bauang Private Power Corp.,

First Private Power Corp., First Gas Holdings Corp., First Gas

Power Corp., FGP Corp., Unified Holdings Corp., First Gas

Pipeline Corp., FL Geothermal, and GCGI. He is Chairman

of the board of First Batangas Hotel Corp. and President of

First Philippine Utilities Corp. He is also a director of various

FPHC subsidiaries and affiliates such as First Balfour, Inc.,

First Philippine Electric Corp., First Philippine Industrial Corp.,

First Philippine Industrial Park, Philippine Electric Corp., and

Securities Transfer Services, Inc.

Mr. Ibañez obtained a master’s degree in business

administration from the University of the Philippines (1975) and

a bachelor of arts degree in economics from Ateneo de Manila

University (1972).

Mr. Ibañez, Filipino, has been a Director of EDC since July 2010. He is also the President and Chief Operating Officer of FPHC. He is a member of the boards of First Gen Renewables Inc., FG Bukidnon Power Corp., Bauang Private Power Corp., First Private Power Corp., First Gas Holdings Corp., First Gas Power Corp., FGP Corp., Unified Holdings Corp., First Gas Pipeline Corp., FL Geothermal, and GCGI. He is Chairman of the board of First Batangas Hotel Corp. and President of First Philippine Utilities Corp. He is also a director of various FPHC subsidiaries and affiliates such as First Balfour, Inc., First Philippine Electric Corp., First Philippine Industrial Corp., First Philippine Industrial Park, Philippine Electric Corp., and Securities Transfer Services, Inc.

Mr. Ibañez obtained a master’s degree in business administration from the University of the Philippines (1975) and a bachelor of arts degree in economics from Ateneo de Manila University (1972).

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