Chairman of the Board & Chief Executive Officer

Mr. Lopez, Filipino, has been a member of the board since November 29, 2007. He is also currently Chairman and Chief Executive Officer of EDC, and the publicly-listed companies FPH and First Gen. He is currently the Vice Chairman of Rockwell Land Corporation and also sits on the board of ABS-CBN Corporation, both of which are listed companies.

A staunch environmentalist, he is the Chairman of the Sikat Solar Car Challenge Society and is a member of the Board of Trustees of the Philippine Disaster Resilience Foundation and Forest Foundation Philippines.

Mr. Lopez is a member of the Asia Business Council, World Presidents Organization, New York Philharmonic International Advisory Board, Chief Executives Organization, ASEAN Business Club, Management Association of the Philippines (“MAP”), Philippine Chamber of Commerce and Industry, European Chamber of Commerce of the Philippines, and Makati Business Club.

Mr. Lopez is a graduate of the University of Pennsylvania with a Bachelor of Arts degree in Economics and International Relations, cum laude (1983).

President & Chief Operating Officer

Mr. Tantoco, Filipino, sits as a director of the Company since November 29, 2007. He is currently President and Chief Operating Officer of EDC and several EDC subsidiaries, such as, but not limited to, BGI, GCGI and EBWPC. He also sits as a director and Executive Vice President of First Gen, a publicly-listed company, and several First Gen subsidiaries. He is currently the President and Trustee of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation, Inc. and a trustee in the board of several non-profit organizations, such as KEITECH Educational Foundation Inc., Business for Sustainable Development, Inc., The Lopez Museum, Stiftung Solarenergie Solar Energy Foundation and Messy Bessy. He has been a director of the International Geothermal Association since 2010. He previously worked 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).

Senior Vice President & Regulatory Compliance Officer

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’s Senior Vice-President and Regulatory Compliance Officer, 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).

Senior Vice President

Ms. Nasol, Filipino, joined the Company in February 2013 as Vice-President for the Human Resources Management Group (“HRMG”). Prior to her appointment in EDC, she was the Vice-President for Corporate Human Resources of First Philippine Electric Corporation (“First Philec”) which is the intermediate holding company for all manufacturing investments of FPH.

Before joining the FPH family, she was the Vice-President for Corporate Human Resource of Roxas Holdings Inc. and all its subsidiaries, and Head of the Center for Excellence of Globe Telecommunications, Inc. She was also the Vice-President and Cluster HR Manager for Corporate Service Unit in San Miguel Corporation where she spent the majority of her professional career.

Ms. Nasol is currently taking her Masteral and Doctorate Degrees in Organization Development in the Southeast Asia Interdisciplinary Development Institute (“SAIDI”). She graduated from the University of Santo Tomas with a Bachelor’s Degree in Psychology, completed the Executive Development Program of INSEAD Singapore in 1992, and finished the Strategic HR Management Program of the University of Michigan in 1995.

Ms. Nasol became a “Certified Total Rewards Fellow” by the Asian Total Rewards Institute (based in Singapore) last 2018. She is an active member of the People Management Association of the Philippines (“PMAP”) and was conferred the title “Diplomate in People Management” in 2017. She also remains a member of its Board of Trustees and was the Head of its Leadership Committee in 2019 (when it was also named the PMAP “Committee of the Year”). She is currently in the Board of Trustees of the PMAP Foundation.

She introduced the EDC Classification and Compensation System and the Performance Management System called Performance, Assessment, Coaching and Evaluation (“PACE”) 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 her leadership in the HRMG, EDC installed the following: Talent Management Program, Performance Management, Job Evaluation, Promotions System, Global Mobility Program, Leaders Coaching Leaders, Executive Coaching, New Retirement Plan based on Defined Contribution, and Flexible Work Arrangements.

Senior Vice President

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, Maintenance Manager, Production Manager and Resident Manager for BGPF and Vice President and Head of Project Management prior to his current position.

Mr. Virata graduated with a Bachelor of Science degree in Mechanical Engineering 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 Refinery Operations Course at Shell Refinery Clyde, Sydney New South Wales, Australia (1988), Management Development Program of AIM (1996), and Diploma Course in Maintenance Management System (JICA) at Kitakyushu, Japan (2003).

Mr. Virata is currently a Trustee and Auditor of the Foundation of Outstanding Mapuan Incorporated. He was the National President of the Philippine Society of Mechanical Engineers in 2011 and 2012. He was a recipient of the PSME Fellow Award in 2013, PSME Don Tobias Marcelo Lifetime Achievement Award in 2016, PSME Outstanding Past President Emeritus Award in 2017, MIT’s Outstanding Alumnus Award for 2016, NAMA’s The Outstanding Mapuan for 2016, MEAAMIT’s The Outstanding Mechanical Engineer in 2014 and Philippines Professional Regulation Commission Citation for the Most Outstanding Mechanical Engineer in 2015.

Vice President & Chief Financial Officer/Treasurer and Compliance Officer for SEC

Mr. Avante, Filipino, was appointed by the Board as Chief Finance Officer effective January 1, 2019 and as a Compliance Officer effective on March 1, 2014. He is also a Vice-President in First Gen Corporation and was a member of the Board of Trustees of the CFA Society of the Philippines from 2010 and from 2017 to 2019. Prior to joining the Lopez Group in 1998, Mr. Avante worked as Senior Audit In-charge at SyCip, Gorres, Velayo &. Co.

Mr. Avante has a Masters Degree in Business Administration (2000) and a Masters Science Degree in Computational Finance (2003), both obtained from the Graduate School of Business – De La Salle University, and a Bachelor of Science in Accountancy 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.

Vice President & Chief Digital Transformation Officer

Mr. Portugal was appointed as vice president and chief digital transformation officer on May 15, 2017. He 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, and 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.

Mr. Portugal graduated from the University of the Philippines with a Bachelor of Science degree in Mechanical Engineering in 1985.

Vice President

Mr. Villaroman, Filipino, is the vice president and head of Strategy and Long-Term Planning. He has been with the company since 2012. Prior to joining EDC, Mr. Villaroman was an executive of ExxonMobil Corporation in charge of corporate planning and business analytics for Canada. In this position, he handled various strategic initiatives from 2006 to 2012. Mr. Villaroman also held key positions in several financial institutions like the Asian Development Bank, JP Morgan Chase Securities, and BZW Asia Ltd (Investment Banking Subsidiary of Barclays bank, UK).

Mr. Villaroman earned his MBA – Finance General Management from the Richard Ivey School of Business, University of Ontario, London, Ontario, Canada (2006) and his Bachelor’s Degree in Industrial Engineering from the Ateneo de Manila University (1995). He completed his training in the Six-Sigma Black Belt in 2010 and received ExxonMobil designation as a Continuous Improvement Specialist.

Vice President

Mr. Soriano, Filipino, was appointed by the board in May 2019 as vice president and 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 the Negros Island Business Unit from 2016 to 2019.

Mr. Soriano obtained his bachelor’s degree in Management Engineering from the Ateneo de Manila University. He also holds a Master’s Degree in Business Administration from Harvard University.

Vice President

Mr. Alcober, Filipino, was appointed by the board as vice president in May 2019 and was head of Geothermal Resources since 2018. He began his career in EDC more than two (2) decades 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.

Mr. Alcober obtained his Bachelor of Science degree in Chemical Engineering from the University of the Philippines in Diliman in 1994 and his diploma in Geothermal Energy Technology from the University of Auckland, New Zealand in 1998.

Vice President

Mr. Jumawan, Filipino, was appointed by the board in May 2019 as vice president and has been leading the drilling activities of EDC since 2015 as head of the Well Services Group. He has more than three (3) decades of drilling expertise with EDC, joining the company as a drilling engineer in 1988.

Mr. Jumawan obtained his Bachelor of Science degree in Electrical Engineering from Siliman University in 1986 and his diploma in Geothermal Energy Technology from the University of Auckland, New Zealand in 2000.

Vice President

Mr. Busmeon, Filipino, was appointed by the board in December 2019 as vice president and head of Facility Operations. He joined EDC in 2009. Prior to joining EDC, he was acting manager of the Maintenance Division of the National Power Corporation, having been with said company since 1990.

Mr. Busmeon graduated from Siliman University, with a Bachelor of Science degree in Mechanical Engineering in 1984. He holds a Master’s Degree in Public Administration, also from Siliman University.

Vice President

Mr. Poblete, Filipino, was appointed by the board in April 2019. He is a global information technology (IT) executive with over thirty (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 eighteen (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.

Vice President

Mr. Lapus, Filipino, was appointed by the board in March 2012 to oversee EDC’s business development efforts in Latin America. He sits in the boards of directors of all the EDC companies in Chile and Peru.

Prior to this, Mr. Lapus was vice-president of First Gen, overseeing the power marketing and trading operations of First Gen and EDC. He has more than twenty (20) years of experience in the power industry, handling business development, M&A, power marketing and trading, plant operations, and corporate services. He has occupied senior management roles in Mirant Philippines Corporation, Global Business Power Corporation, First Gen, and EDC.

Mr. Lapus is also chief operating officer of pi energy inc., and FP Island Energy Corporation (both subsidiaries of First Philippine Holdings Corp.). He also sits in the board of Sikat Foundation.

Mr. Lapus graduated with a Bachelor of Science degree in Business Management from the Ateneo de Manila University (1990). He has a Masters in Business Management (MBM) degree from the Asian Institute of Management (1997), and a Masters in Leadership and Strategy (Sloan Programme) at the London Business School (2017).

Assistant Vice President & Chief Audit Executive

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 Corp. 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).

Assistant Vice President & Corporate Information Officer

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 Busines Development – Financial Markets, and with Citigroup in London, UK as a vice president covering its Europe, Middle East, and Africa 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.

Vice President and Corporate Secretary

Atty. Policarpio, Filipino, was appointed as Assistant Corporate Secretary of EDC on September 7, 2016 and then as Corporate Secretary on October 3, 2017. Beth is also Vice President and Senior Counsel at First Gen Corporation (“First Gen”). She joined EDC in August 2015, when she was seconded from First Gen to head the Legal Services Division of EDC.

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 inhouse, 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.

She 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.

Assistant Corporate Secretary

Atty. Katigbak-Lim, Filipino, was appointed by the Board in January 2007 as Assistance Corporate Secretary, and was appointed as Corporate Secretary on September 7, 2016. On October 3, 2017, she was appointed anew as Assistant Corporate Secretary. She is a senior partner of the Castillo Laman Tan Pantaleon & San Jose Law Firm.

Atty. Katigbak graduated cum laude from the University of the Philippines with Bachelor of Science 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.

Assistant Vice President, Head – Comptrollership

Ms. Manlapaz, Filipino, joined EDC in November 2009. Prior to joining EDC, she held various executive positions for more than 20 years at various global pharmaceutical companies, including as Director of Finance at UCB
Philippines, Inc., a multinational company based in Belgium.

Ms. Manlapaz started her career in 1987 as an auditor with SGV & Co (EY Affiliate). Between 1989 and 2006, she joined Pfizer, Inc. and The Boots Company Philippines, managing various finance functions. Her areas of expertise in the field of finance are management accounting, financial accounting and reporting, tax planning and compliance, and corporate and regulatory compliance.

Ms. Manlapaz is a Certified Public Accountant and holds a Master’s Degree in Business Administration – Top Executive Program from the Pamantasan ng Lungsod ng Maynila (1996).

She finished her undergraduate degree with cum laude distinction from the Philippines School of Business Administration in 1986, and was awarded Most Outstanding Graduate of the Year.

Chief Transformation Officer, Head – Transformation Office

Ms. Santamarina, Filipino, joined EDC in 2019. She is a proven business transformation leader with extensive experience from different companies in various industries (fast-moving consumer goods, telecommunications, media, technology) located in the Philippines and overseas. Prior to joining EDC, she managed multiple transformation programs in the region. She likewise has a strong track record in marketing, product management, innovation, and business development, having been an executive in these functions for many years.

Ms. Santamarina graduated from the Ateneo de Manila University as a scholar, with a Bachelor of Science degree in Management. She likewise attended the Ateneo Graduate School of Business. She also completed the Executive Development Program and Innovation Leadership Program of the Asian Institute of Management, as well as the International Executive Leadership Program of INSEAD-Singapore.