Lopez Holdings

 

EXECUTIVE AND CORPORATE OFFICERS

Manuel M. Lopez Chairman Emeritus
Federico R. Lopez Chairman and Chief Executive Officer
Martin L. Lopez Vice Chairman
Salvador G. Tirona President, Chief Operating Officer and Chief Finance Officer
Miguel L. Lopez Treasurer and Executive Vice President
Enrique I. Quiason Corporate Secretary
Maria Amina O. Amado Assitant Corporate Secretary, Compliance Officer and Vice-President, Legal

Miguel L. Lopez | Treasurer and Executive Vice President, Filipino
Miguel L. Lopez (aged 51) has been with the company since June 10, 2010. He was elected as treasurer on October 2, 2020. He is concurrently executive vice president and Head-Corporate Affairs. He joined Lopez Holdings from Meralco where he worked from 2002 to June 2010, occupying various positions, the last of which was vice president and head of Corporate Marketing. Prior to Meralco, he worked in Maynilad Water as vice president, Central Business Area from 1998 to 2002, and in Bayan as assistant vice president, Customer Service Division from 1994 to 1998. He is a member of the board of directors and treasurer of Rockwell (publicly listed). He graduated with a degree in Business Administration from Menlo College of California, USA and attended the Executive Development Program of the Asian Institute of Management. He last attended corporate governance training on September 6, 2019. He owns 1,212,734 Lopez Holdings shares.

Enrique I. Quiason | Corporate Secretary, Filipino
Enrique I. Quiason (aged 59) has been the corporate secretary of the company since June 8, 1993. He received his Bachelor of Science degree in Business Economics and Bachelor of Laws degree from the University of the Philippines, and Master of Laws degree in Securities Regulation from Georgetown University. He is a senior partner of the Quiason Makalintal Barot Torres & Ibarra Law Office. He is the corporate secretary of FPH, Rockwell, ABS-CBN, ABSP, Sky Cable Corporation and Lopez, Inc. He last attended corporate governance training on September 6, 2019. He owns 212,019 Lopez Holdings shares.

Maria Amina O. Amado | Assistant Corporate Secretary, Compliance Officer, and Vice-President, Filipino
Maria Amina O. Amado (aged 56) has been the assistant corporate secretary since 1994. She is also currently vice president for Legal and compliance officer of the company. She is also the corporate secretary and assistant corporate secretary of various Lopez Holdings subsidiaries and affiliates. She is the assistant corporate secretary of ABSP (publicly listed) and Lopez, Inc. She graduated with an A.B. Political Science degree in 1984 and a Bachelor of Laws degree in 1989 from the University of the Philippines. She completed the academic requirements for the Executive Masters in Business Administration program of the Asian Institute of Management. She last attended corporate governance training on September 6, 2019. She owns 435,788 Lopez Holdings shares.

OTHER OFFICERS

Maria Carla P. Sison – Head of Risk Management, and Assistant Vice-President, Filipino
Maria Carla P. Sison (aged 51) joined the company in 1999 and has been head of Risk Management since 2015. She is also currently assistant vice president for Media and Investor Relations. She graduated with the degree of Doctor of Dental Medicine (1991) from the University of the Philippines Manila, and with the degree of Master of Business Administration (2007) from the University of the Philippines Diliman. She is the country's first Accredited Business Communicator (since 2010) and is a graduate member of the Institute of Corporate Directors (since 2014). She last attended corporate governance training on September 6, 2019. She owns no Lopez Holdings shares.

Marifi H. Hernandez – Head of Internal Audit, Filipino
Marifi H. Hernandez, (aged 48) was appointed as head of Internal Audit in 2014 and continues to serve as such.  She is the senior vice president–Comptroller of Lopez, Inc., having been with said company since 1996.  She worked with SyCip, Gorres, Velayo & Co.  from 1991 to 1995. She is a Certified Public Accountant and a member of the Philippine Institute of Certified Public Accountants.  She received her Bachelor of Science degree in Business Administration Major in Accounting from the University of Santo Tomas in 1991, and completed the Strategic Business Economic Program of the University of Asia and the Pacific in 2008. She last attended corporate governance training on September 6, 2019.  She owns no Lopez Holdings shares.

Training for Officers

The officers receive relevant training on an annual basis. On September 6, 2019, the Institute of Corporate Directors provided training to the Company’s directors, officers and those of other companies in the Lopez Group, on the following topics:

1) Revised Corporation Code ;
2) Rules on Material Related Party Transactions; and
3) Sustainability Reporting.

The training lasted for four (4) hours and was held at the Manansala Loft in Rockwell Center, Makati City.

Remuneration

The components of the Company’s compensation philosophy are as follows: alignment of employee and shareholder interests; compensation that is in line with industry benchmarks; rewarding of employees for their skills and performance, more than tenure; and attracting and retaining of key people. As such, the remuneration of key officers are set taking into consideration the following factors: (i) duties and responsibilities of the position; (ii) professional experience; (iii) academic attainment; (iv) industry benchmarks; and (v) what the company can afford. The company’s Human Resources Head works with the Corporate Governance Committee (CGC) to set the remuneration of an officer prior to appointment/employment, the CGC recommends the amount of remuneration of an officer to the Board for approval. Any future adjustment will be based on performance, market compensation surveys, and economic indices. An annual performance appraisal is carried out. Officers are also entitled to profit-sharing pursuant to Article 9 Section 2 of the by-laws of the Company.

Succession Planning and Retirement

The company’s training and succession policies take into consideration the need to train employees and officers to give them the necessary knowledge and skills, and the opportunity to progress to the next higher position in the company. In the absence of talent within the company to fill a position that will be vacated due to the separation of an employee or officer (due to resignation, retirement or other reason), the company will look within subsidiaries and affiliates, and in the absence of such, a search firm may be contracted to assist with locating candidates.       

The company’s retirement policy and plan set the retirement age of regular employees at 60 years old. Should the Board see the need to extend the service of a key officer, such officer will nonetheless be retired as a regular employee if he is such, and then engaged in a capacity other than as a regular employee.

Management’s Responsibility for Financial Statements

On an annual basis, management, led by the CEO and the President, attest to their responsibility for the preparation and fair presentation of the financial statements of the company, in accordance with the Philippine Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.   As part of the process for the same, the Chief Executive Officer and the Head of Internal Audit attest in writing to the soundness of the internal audit and compliance system that is in place, and that of their working effectively. 

LPZ Shares Held by Management

Name of Beneficial Owner 

Position

No. of Shares as at January 1, 2019

No. of Shares as at December 31, 2019

No. of Shares Acquired/Sold in 2019

Manuel M. Lopez

Chairman Emeritus

26,203,945

26,203,945

0

Federico R. Lopez

Chairman and CEO

4,857

4,857

0

Martin L. Lopez

Vice Chairman

1,023,602

1,023,602

0

Salvador G. Tirona

President, COO & CFO

405,905

405,905

0

Miguel L. Lopez

Executive Vice President  Corporate Affairs

1,212,734

1,212,734

0

Enrique I. Quiason 

Corporate Secretary

212,019

212,019

0

Maria Amina O. Amado

Asst. Corp. Secretary, Compliance Officer & Vice President Legal

435,788

435,788

0

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CONTACT US

Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009