Last May 9, 2019, the EDC Board of Directors convened for the Organizational Board Meeting to elect its corporate officers for 2019-2020, as follows:
Mr. Lopez, Filipino, is the Chairman Emeritus of both the Lopez Holdings Corporation (formerly Benpres Holdings Corporation), the holding company for major investments in broadcast, telecoms and cable, power generation and distribution; and First Philippine Holdings Corporation (FPH), the specific associate holding company for power generation and distribution, property, and manufacturing. He has been a member of the EDC Board of Directors since the Company’s full privatization in 2007 until October 3, 2017.
He was conferred Honorary Degree Doctor of Laws, honoris causa by the Philippine Women’s University in April 2009; conferred Honorary Degree of Humanities, honoris causa by De La Salle University in Oct. 2010 and by the Ateneo de Manila University in Nov. 2010. He was the 2011 Ramon del Rosario, Sr. Awardee for Nation Building. He was conferred Honorary Degree of Doctor of Laws, honoris causa by the University of the Philippines in March 2012.
He has a Master’s degree in Public Administration from the Littauer School of Public Administration in Harvard University (1955), where he also earned his Bachelor of Arts degree, cum laude (1951).
Mr. Lopez has been granted a permanent exemption from the CG Training requirement by the SEC in its en banc meeting on December 6, 2016.
Mr. Lopez, Filipino, is Chairman and Chief Executive Officer (CEO) of EDC and has been a member of its Board of Directors since the company’s full privatization in 2007. He is the Chairman and CEO of EDC since his election to the position in July 2010. He is also the Chairman and CEO of all of EDC’s domestic subsidiaries. He is also the Chairman and CEO of First Philippine Holdings Corporation, First Gen Corporation, FG Hydro Corporation, First Gas Power Corporation, FGP Corp., First Gen Energy Solutions, Green Core Geothermal Inc., First Gen Renewable Inc., and FG Bukidnon Power Corp. He is Chairman of First Philippine Industrial Corp., First Philippine Electric Corp., First Philippine Realty Corp., and First Balfour Inc., and is Treasurer of Lopez Holdings, Inc. He also sits on the board of ABS-CBN Corporation. A staunch environmentalist, he is the Chairman of the Philippine Solar Car Challenge Society and is a member of the Board of Trustees of the Philippine Business for Social Progress and the Philippine Tropical Forest Conservation Foundation. He is also a member of the World Presidents’ Organization.
Mr. Lopez is a graduate of the University of Pennsylvania with a bachelor of arts degree in economics and international relations, cum laude (1983).
Mr. Tantoco, Filipino, is the President and Chief Operating Officer (COO) of EDC and has been a Director of the Company since November 2007. He is also a Director and Executive Vice President of First Gen Corp., First Gen Luzon Power Corp., First Gen Hydro Power Corp., First Gen Geothermal Power Corporation, First Gen Visayas Hydro Power Corporation, First Gen Mindanao Hydro Power Corporation, First Gen Energy Solutions, Inc., First Gen Premier Energy Corp., Red Vulcan Holdings Corp., First Gen Visayas Energy Inc., First Gen Prime Energy Corporation, and Executive Vice President of FGRI, First Gen Bukidnon Power Corporation, Unified Holdings Corp., and First Philippine Holdings. He is the Chief Operating Officer and Executive Vice President of First Gen Northern Energy Corp. He is the Director, President and COO of First Gas Holdings Corporation, First Gas Power Corp., FGP Corp., First Gas Pipeline Corp., First NatGas Power Corp., and FGLand Corp. He has been Director of the International Geothermal Association since 2010. He worked previously with management consulting firm Booz, Allen and Hamilton, Inc. in New York and London where he specialized in mergers and acquisition advisory, turnaround strategy advisory, and growth strategy formulation for media and manufacturing companies.
Mr. Tantoco has an MBA in finance from the Wharton School of Business of the University of Pennsylvania (1993) and a bachelor of science degree in business management from the Ateneo de Manila University where he graduated with honors (1988).
Mr. Avante, Filipino, is the Corporate Treasurer and Chief Financial Officer of Energy Development Corporation effective January 1, 2019. He is also the Vice-President of Corporate Finance and the Compliance Officer of the Corporation.
He is also a Vice-President in First Gen Corporation and has been a member of the Board of Trustees of the CFA Society of the Philippines since 2010. Prior to joining the Lopez Group in 1998, Mr. Avante worked as Senior Audit In-charge at SyCip, Gorres, Velayo &. Co.
Mr. Avante has Masters in Business Administration (2000) and Masters of Science in Computational Finance (2003), both obtained from the Graduate School of Business – De La Salle University, and a Bachelor of Science in Accountancy degree from De La Salle University (1994). Mr. Avante placed 1st in the May 1995 Certified Public Accountants board examination. He is also a CFA charterholder since 2005.
Beth was promoted as Senior Vice-President of the Corporation during the May 8, 2017 Organizational Board Meeting. Before becoming Senior Vice-President, Beth served as Vice President for Human Resources Management Group since her appointment in February 2013. She introduced the EDC Classification and Compensation System and the Performance Management System called PACE (Performance, Assessment, Coaching and Evaluation) covering all employees including bargainable employees. CBA negotiations are now done on a Unified and Integrated Approach which won a Lopez Achievement Award for Human Resources in 2015.
Under Beth’s leadership of the HRMG, EDC installed the following systems: Talent Management Reviews Job Evaluation Review Promotions Review Global Mobility Program
Mr. Santos, Filipino, born on September 7, 1967, has been elected as Senior Vice-President, Regulatory Compliance Officer of Energy Development Corporation on November 22, 2017. Prior to his election as EDC SVP-RCO, Mr. Santos was a Director of the Corporation from February 28, 2017 to October 3, 2017. He is also the Senior Vice-President of First Gen Corporation and FPHC, both publicly-listed companies of the Lopez Group.
He is currently a Director of the Philippine Independent Power Producers Association (PIPPA) since August 2016, and a Director of the Philippine Electricity Market Corporation (PEMC) Board since April 2013.
Mr. Santos has a master’s degree in Business Administration from Fordham University (1995) and a Bachelor of Science degree in Management of Financial Institutions from De La Salle University (1989).
Mr. Lapus is EDC’s Vice-President and Managing Director for Latin America, overseeing the company’s expansion efforts in the region. He is based in Santiago, Chile.
Prior to this, Mr. Lapus was Vice-President of First Gen Corporation overseeing the power marketing and trading operations of the First Gen / EDC group. He has 18 years of experience in the power industry handling business development and M&A, power marketing, and operations. He has occupied senior management roles in Mirant Corporation, Global Business Power Corporation, and First Gen / EDC group.
Mr. Poblete, Filipino, was appointed by the Board in September 2011. He is a global information technology (IT) executive with over 30 years of diverse experience in cross-cultural markets across Asia, Europe, Middle East, Africa, Latin America and North America. He has held various leadership positions with responsibilities covering IT infrastructure, manufacturing, sales, logistics systems, people management, strategic business planning and management, and business development. He was formerly the Senior Vice President and Director for the Strategic Initiatives Office of Philamlife Insurance Co. He was also with Procter & Gamble (P&G) for 18 years, holding various positions such as Country IT Manager of Korea, Associate Director for Worldwide Distribution Systems and Associate Director for Business Information Solutions for Asia Regional Operations.
Mr. Poblete graduated with a B. S. in Electrical Engineering degree from the University of the Philippines in Diliman, and is an alumnus of the Philippine Science High School.
Mr. Virata, Filipino, was appointed by the Board in December 2010. He started working for EDC in 1982 and held various positions including Field Maintenance Manager for LGPF, Production Manager and Resident Manager for BGPF prior to his current position.
Mr. Virata graduated with a B. S. in Mechanical Engineering degree from the Mapua Institute of Technology in Manila (1981). He became a Registered Mechanical Engineer in 1982 and a Professional Mechanical Engineer in 2006. He completed the Management Development Program of AIM (1993), Refinery Operations Course at Shell Refinery Clyde, Sydney New South Wales, Australia (1988), and Diploma Course in Maintenance Management System (JICA) at Kitakyushu, Japan (2003).
Mr. Reman Chua, Filipino, has been with the Energy Development Corporation from 2007 to the present, leading business development projects for solar and wind, most notable of which is the company’s 150 MW Burgos Wind Project.
Before his assignment to EDC, Reman began his career with the Lopez Group in 2002 as a Manager for Business Development under FGP Corporation. For a time, he was studying natural gas power vehicles as an extension business for the group and as an entry to non-power market for natural gas in the Philippines. He was assigned to the Manila North Tollways Corporation as manager for marketing, compliance and Business Development from 2002 up to 2005, during which the rehabilitation and expansion of the North Luzon Expressway (NLEX) was undertaken and successfully completed in 2005. He led the marketing communications efforts that managed the increase of the toll rates in NLEX. Thereafter, he returned to First Gen Corporation and led various acquisition projects in the power sector.
Reman graduated with a Bachelor of Arts degree in Economics from Ateneo de Manila University, and holds a Masters in Business Management degree from the Asian Institute of Management (AIM).
Mr. Velasco, Filipino, has been with the Company since 2013. He initially joined as part of EDC’s International Business Development team covering Latin America, before moving to Finance to assist with the Company’s Investor Relations, Special Projects and other activities. Prior to joining the Company, he worked for Indra Philippines, Inc. as its Managing Consultant and Head of Business Development – Financial Markets, and with Citigroup in London, UK as a Vice President covering its Europe, Middle East and Africa (EMEA) market.
Mr. Velasco obtained his MBA degree at IESE Business School in Barcelona, Spain, and had attended an MBA International Exchange Program at Tuck School of Business (Dartmouth) in Hanover, New Hampshire, USA. He graduated from Ateneo de Manila University with a Bachelor of Science Degree in Business Management, Honors Program.
Jimmy joined the company in 2013 as Mount Apo Geothermal Business Unit Head. He concurrently assumed the role of Business Unit Head for Negros Island 2014 to 2016. He systematically undertook initiatives to improve the performance and profitability of both business units, including the crucial planning and execution functions. He was also head of the Leyte Geothermal Business Unit, our biggest geothermal facility. He is now the head for Strategy and Long Term Planning.
He also identified O&M opportunities, and continues to lead the Energy Recovery Program for the enterprise in collaboration with the various Business Unit Heads. Jimmy has helped identify future opportunities for drilling capex reduction, by pursuing steam decline improvement projects, well bore solutions, and other non-drilling initiatives.
Jay is the Head of the Integrated Planning Group. With experience in strategic planning, business development, and other commercial functions, he is leading major organizational changes and multiple growth initiatives. He joined EDC in 2014 as Deputy Strategic Business Unit Head of BacMan before assuming the role of Strategic Business Unit Head of Negros Island Business Unit from 2016 to 2018.
He obtained his bachelor’s degree in Management Engineering from the Ateneo de Manila University. He also holds a Master’s Degree in Business Administration (MBA) from Harvard University.
Ms. Marcelo first joined EDC in 2009, and in November 2017, she was elected Vice-President for Treasury and Supply Chain Management.
Prior to her work in EDC, she joined the Lopez Group in 2002, and was assigned to the Manila North Tollways Corporation. After a year and half she moved to First Gas Power Corp., working first in Finance and then in Business Development.
Prior to joining the Lopez Group, Ms. Marcelo worked for several banks, the last of which was with JP Morgan Chase. She is a certified public accountant and holds undergraduate degrees in English and Accountancy.
Edwin became the Head of Geothermal Resource in 2018. He began his career in EDC more than 24 years ago as a Drilling Engineer. He, then, became a Process Geochemist before heading the Leyte Resource Management Department. He was also previously the Geosciences and Reservoir Engineering Group Head.
He obtained his Bachelor of Science degree in Chemical Engineering from the University of the Philippines Diliman in 1994 and his diploma in Geothermal Energy Technology from the University of Auckland, New Zealand in 1998.
Manny is a highly experienced executive with a strong track record in business development, product marketing, sales and channel management. Among the companies he worked for are IBM, DFNN, Intel, VMware. Prior to EDC, Manny was the County manager of VMware Philippines where he established the organization as a strategic cloud computing and mobility platform for large enterprises in the telecommunications, banking, manufacturing and public sector industries.
Manny graduated from the University of the Philippines, with a Bachelor of Science degree in Mechanical Engineering in 1985. He enjoys classical music on the way to the office and 80s on the way home.
James has been leading the drilling engineering activities of EDC since 2015 as head of the Drilling Group, which is now referred to as the Well Services Group. He has more than two decades of drilling expertise with EDC, joining the company in 1988 as a Drilling Engineer.
He obtained his Bachelor of Science degree in Electrical Engineering from Silliman University in 1985 and a diploma in Geothermal Energy Technology from the University of Auckland, New Zealand in 2000.
Mr. Tee, Filipino, was appointed by the Board in October 2010. Prior to his appointment at EDC, he was Internal Audit Head of First Gen for two years. He has been with the Lopez Group since 1994 and has held key positions in the internal audit and accounting departments of First Philippine Holdings Corp. and First Philippine Infrastructure and Development Corp.
Mr. Tee graduated from San Beda College (1992), and is both a Certified Public Accountant and Certified Internal Auditor. He completed the academic requirements of the Executive Masters in Business Administration from the AIM (2009).
Beth, Filipino, was appointed as Assistant Corporate Secretary of EDC on September 7, 2016 and then as Corporate Secretary on October 3, 2017. She is also the Corporate Secretary of Bac-Man Geothermal, Inc., Green Core Geothermal, Inc., and several other subsidiaries of EDC. Beth is also Assistant Vice President and Senior Counsel at First Gen Corporation (FG). She joined EDC in August 2015, when she was seconded from FG to head the Legal Services 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.
Atty. Katigbak-Lim, Filipino, was elected by the Board of Directors as Corporate Secretary on September 7, 2016. She was fist appointed by the Board as Assistant Corporate Secretary of the Corporation in January 2007. She is a member of the Castillo Laman Tan Pantaleon & San Jose Law Firm.
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.