In a stock exchange filing, Ferronoux said it has elected Okada Foundation Inc. president James Lorenzana as chairman and Themis Group chairman Abel Almario as president.
They will be replacing Michael Cosiquien, who resigned from his post as director, chairman and president of the company.
Ferronoux director and chief financial officer Erwin Terrell Sy has likewise resigned from his position and will be replaced by Johannes Bernabe, a former commissioner of the Philippine Competition Commission.
Cosiquien's ISOC Holdings last week entered into a deed of assignment of shares with Themis for the sale, transfer and assignment of all of its 133.53 million common shares in the listed company for P2.22 apiece or a total of P297 million.
ISOC currently holds 51 percent of the total issued and outstanding capital stock of 261.82 million common shares of Ferronoux.
Denne historien er fra January 03, 2025-utgaven av The Philippine Star.
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Denne historien er fra January 03, 2025-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Sales of private label food, beverages to hit $900 M
The country's sales of private label products in the food and beverage sector are expected to hit nearly $900 million this year, driven by Filipinos' growing demand for such brands, according to an international agency.
IPO proceeds to fund lending, global expansion - GCash
E-wallet giant GCash will spend the proceeds from its initial public offering (IPO) on expanding the lending business and speeding up international growth, its top executive said.
Senate OKs three-year fixed term for PCG chief
The Senate has approved a proposed measure seeking a three-year fixed term for the Philippine Coast Guard (PCG) commandant.
Retail price growth in NCR picks up in December
Retail price growth of goods in Metro Manila rose in December 2024 from the previous month due mainly to the slower decline in fuel prices, according to the Philippine Statistics Authority.
Let's talk about sex
In certain private schools, sex education is provided in fourth grade. The lessons are timed to coincide with mass circumcision for the boys, which the schools sponsor for free. The event gives teachers an opportunity to explain the male and female anatomy, the reproductive system and how babies are made.
5 Fearless Auto Industry Forecasts for 2025
Barely a week has gone by, and it looks like 2025 is shaping up to be a solid year for the Philippine automotive industry.
BBM looks forward to working closely with POTUS
President Marcos joined other world leaders in congratulating US President Donald Trump on his inauguration, saying he is looking forward to working closely with the Trump administration, particularly in maintaining stability and economic prosperity in the region.
RENEWAL AND TRANSFORMATION FOR THE YEAR OF THE SNAKE
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DBM Approves Release of P30-B Military Pension
A P30.41-billion fund for the regular pension requirements of military and uniformed personnel (MUP) for the first quarter has been approved for release by the Department of Budget and Management (DBM).
Comelec defers anew printing of ballots
The resumption of printing of the 73 million ballots for the May midterm elections was deferred anew, as the Supreme Court (SC) issued another temporary restraining order (TRO) against the disqualification of a senatorial aspirant.
