The Board of Directors is the highest governing and decision-making body in the organization. It consists of 11 members. Headed by Wilson T. Young, the members of the board are businessmen with exemplary track records of achievements. Their combined experience and business acumen, as well as their knowledge of the market, industry and business processes are the key factors that have propelled the Company to a position of sustained profitability and growth.
The Board is responsible for promoting and adhering to the principles and best practices of corporate governance, fostering the long-term success of the corporation and sustaining its competitiveness and profitability in the manner consistent with its corporate objectives and the best interest of its stockholders and other stakeholders. Its office is one of trust and confidence. The members act in a manner characterized by transparency, accountability and fairness.
The Board formulates the corporation’s vision, mission, strategic objectives, policies and procedures that shall guide its activities and decisions, including the means to effectively monitor Management’s performance.
The profile of each director is summarized below:
Wilson T. Young
is the current Chairman of the Board of Victorias Milling Company, Inc. and director of BK Titans, Inc., Perf Restaurants, Inc. (franchisee of Burger King in the Philippines). He is also a member of the Board of Trustees of the University of the East and Vice-Chairman of the University of the East Ramon Magsaysay Memorial Medical Center, Inc., member of the International Board of Advisers of the Philippine School of Prosthetics and Orthotics, as well as member of the Board of the following foundations: Mithing Pangarap Foundation, Inc., Norfil Foundation, Inc., and the National Defense College of the Philippines Educational and Development Foundation, Inc. He also serves as member of the Board of Admissions of the National Defense College of the Philippines and Chairman of Total Credit Cooperative. He was formerly an instructor of Taxation and Accounting at Assumption College, San Lorenzo Makati and Financial Accounting at the Ateneo de Manila-Loyola. A Certified Public Accountant and holds a Masters Degree in National Security Administration, he is likewise a Director and/or Officer of various family-owned and controlled corporations and was a former Director and Officer of certain companies of LT Group, Inc.
Anna Rosario V. Paner
is the Vice Chairman of the Board and VMC's Managing Director. Atty. Paner is also the Chief-Executive Officer and Chair of the Legal Committee. She has been a private law practitioner since 1996 and is one of the founding partners of Paner Hosaka & Ypil Attorneys-at-Law. She currently chairs the following VMC subsidiaries: Victorias Foods Corporation (VFC), Victoria's Agricultural Land Corporation (VALCO), Canetown Development Corporation (CDC) and Victorias Green Energy Corporation (VGEC). She is also a Director and President of Victoria's Golf & Country Club, Inc. (VGCCI). For the past five (5) years, she has been connected with Philippine Opportunities for Growth, Income (SPV-AMC), Inc., Techbox International Inc. and Nota Bene as their director.
Eduardo V. Concepcion
is currently the President and Chief Operating Officer of VMC as well as President of Victorias Green Energy Corporation (VGEC) He graduated with Honors at the De la Salle University with a degree of Bachelor of Science in Chemical Engineering. He is a licensed Chemical Engineer and took his Master in Business Administration (without thesis) at University of San Agustin-Iloilo. He has served Central Azucarera de La Carlota, Inc. as Vice President/Resident Manager. Morever, he has rendered service to Ma-ao Sugar Central and Passi (Iloilo) Sugar Central, Inc. He has been working with the sugar industry for more than 39 years.
William Y. Chua
is the President of Agro Bulk Marine Corporation, Wilch Realty Corporation and MC Metroplex Holding Corp. He is also the Vice President of Oro Allado Commodities, Inc., Negros Ship-owners Association and Federation of Sugar Traders of the Phils.
Manny V. Pangilinan
is the Chairman of the Philippine Long Distance Telephone Company (PLDT) and the Manila Electric Company (Meralco). He is also the Chairman of Smart Communications Incorporated, PLDT Communications and Energy Ventures Inc. (formerly Piltel), Beacon Electric Asset Holdings Inc., Metro Pacific Investments Corporation, Landco Pacific Corporation, Medical Doctors Inc., Colinas Verdes Corporation (operating the Makati Medical Center and Cardinal Santos Medical Center) Davao Doctors Inc., Riverside Medical Center Inc., Our Lady of Lourdes Hospital, Asian Hospital, Inc., Maynilad Water Services Corporation (Maynilad), Mediaquest Inc., Associated Broadcasting Corporation (TV5), Philex Mining Corporation and Manila Tollways Corporation.
Lucio K. Tan, Jr.
has been a Director of Victorias Milling Company, Inc., since June 6,
2014. He was awarded Master Degree under Executive Master of Business and
Administration Program (EMBA) jointly by Kellog School of Management of
Northwestern University in the United States and Hong Kong University of
Science and Technology as well as holding a BS in civil engineering from
University of California, Davis. He serves as an Executive Vice President of
Fortune Tobacco Corporation and Foremost Farms Inc. Mr. Tan serves as the Chief
Executive Officer of Tanduay Distillers Inc. He has been Officer-In-Charge of
Eton Properties Philippines Inc. since February 21, 2013. Mr. Tan has been a
Director Eton Properties Philippines, Inc. since June 18, 2007; LT Group, Inc
since February 21, 2003; Philippine National Bank since September 28, 2007
and has been Non-Executive Director of Macroasia Corp., since August 1997. He
serves as a Director of Allied Savings Bank. He has been an Executive Director
at Dynamic Holdings Limited since November 10, 1997. He has been Non-Executive
Director at PAL Holdings, Inc. (formerly Baguio Gold Holdings Corp.) July 26,
2006. He serves as a Director at Tanduay Brands International Inc. and Tanduay
Distillers, Inc. Mr. Tan served as a Director and Member of the Board of
Advisors of Philippine Airlines Inc.
Michael G. Tan
is presently the Chief Operating Officer of Asia Brewery, Inc. and the President and Chief Operating Officer of LT Group, Inc. (formerly Tanduay Holdings Inc.). For the past five (5) years, he served as a director of the following corporations: Abacus Distribution Systems Philippines, Inc., Allied Banking Corporation, Eton Properties, Inc., Philippine National Bank and PMFTC.
Terence D. Son Keng Po
is presently the Treasurer of the company. Mr. Son Keng Po holds a degree in Business Administration and Accountancy (mcl) from the University of the Philippines and a Master’s Degree in Business from the University of Chicago. He is the President & CEO of Victorias Foods Corporation (VFC). He is currently a Director of Victoria's Golf & Country Club, Inc. (VGCCI) and Canetown Development Corporation (CDC). He served as a Director of Cargill Financial Services, Inc. and Carval Investor Services (both subsidiaries of Cargill, Inc.).
Alberto P. Fenix, Jr.
currently chairs the Audit Committee of VMC. Dr. Fenix is the Chairman and President of Fenix Management and Capital, Inc., President of Ivoclar Vivadent, Inc., and Executive Director of the SPC Power Corporation. He is Honorary President of the Philippine Chamber of Commerce and Industry (PCCI), President of the PCCI Human Resources Development Foundation, Inc. and a trustee of the Angeles University Foundation, Inc. Dr. Fenix holds a Bachelor’s Degree in Mathematics from the Ateneo de Manila University and Master’s and Doctorate degrees in Industrial Management from the Massachusetts Institute of Technology.
Alvin C. Yu
is the President of Narra Capital Investment Corporation, Bacolod DN Triumph Steel Corporation and Bacolod Twinstar Shipping Corporation. He is the Vice President of VCY Sales Corporation and the Manager of Bacolod Triumph Hardware. He graduated from the Ateneo de Manila University with a Management Engineering degree.
Martin C. Yu
serves as a Director of Victorias Milling Company, Inc. since Feb. 4, 2014, and has been the President of Firefly Electric & Lighting Corporation since 2001. Mr. Yu has been a Director of VCY Sales Corporation since 1998. He took up Business Management in the Ateneo de Manila University.