In reaction to the Lopezes’ effort to also regain control of channel 4, then being operated by the government, a group of citizens led by former constitutional convention delegate Jose Luiz “Chito” Gascon filed a taxpayers’ suit in the Supreme Court questioning the creation of the three-man arbitration board. Nomination, Election and Governance Committee Member of Roxas Holdings. He made the statement in a... Palace spokesman Harry Roque Jr. on Friday said the contact tracing application StaySafe.ph would be “fully implemented” within 10 days. He was the Chairman and Chief Executive Officer of Manila Electric Company from July 2001 to June 2010. You have successfully joined our subscriber list. PLDT Communications and Energy Ventures, Inc. Securities Clearing Corporation of the Philippines. THE World Health Organization (WHO) said on Friday there was no reason to stop using AstraZeneca's Covid-19 (coronavirus disease... LOS ANGELES: J-Rod has split. First of a series Barely a few days after the Lopezes and the Cojuangcos had moved into the [Corazon] Aquino administration after the EDSA uprising that toppled the Marcos regime in 1986, the Lopez family requested President Aquino for the return of all the Lopez assets, including Meralco (Manila Electric Co.), which by then was under the First Philippine Holdings Corporation (FPHC). Copyright © The Manila Times – All Rights Reserved. Infrastructure Holdings, MPIC-JGS Airports Holdings, Inc., and MetPower Ventures Partners Holdings, Inc. Filipino, 75 years old The summary argued that the Lopez properties in question could not be returned without violating the spirit of the constitutional provisions that “the state shall regulate or prohibit monopolies when the public interest so requires” (Article 12, Section 19) and “Congress shall regulate or prohibit monopolies in commercial mass media when public interest so requires” (Article 12, Section 11). If you are aware of any violation of the following corporate governance rules, committed by any our directors, officers or employees, related to the following: Kindly fill out the appropriate forms (click to download) and submit to any of the CG communication channels, The Board is primarily responsible for the governance of Meralco. PLDT Communications and Energy Ventures Inc. Associated Broadcasting Corporation (TV5), Chairman of PLDT Inc., Smart Communications, Inc., Metro Pacific Investments Corporation, PLDT Communications and Energy Ventures Inc., Landco Pacific Corporation; Metro Pacific Hospital Holdings, Inc., Maynilad Water Services, Inc., Mediaquest, Inc., Associated Broadcasting Corporation (TV5), Makati Medical Center, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, Philex Mining Corporation, Philex Petroleum Corporation, NLEX Corporation, Digital Telecommunications Phils. Get the latest news from your inbox for free. 37 For Better Or For Worse As Jacqueline Ejercito weds Manuel Lopez Jr. in Manila, allegations swirl that this is a marriage of business and politics. The documents said the Lopez family emerged from their provincial bailiwick in 1947 and began building its own empire with the acquisition, among other things, of the Manila Chronicle through the help of Roberto Villanueva who subsequently got involved in other organizations set up by the family. López Holdings owns 57.24% of ABS-CBN Corporat… The Board also ensures that internal control mechanisms for good governance are adequate. That support to Magsaysay marked the rise of the Lopez business empire, whose foundations were set up during the term of Quirino. Mr. Manuel M. Lopez was the Philippine Ambassador to Japan from December 2010 until June 2016. Trustee of Pilipinas Shell Foundation, Inc., El Nido Foundation, Inc., SGV Foundation and Philippine Disaster Resilience Foundation, BS General Studies, University of Santo Tomas, Bachelor of Laws, Ateneo De Manila University, Master of Laws, University of Michigan Law School, Audit Committee Chairman of Lepanto Consolidated Mining Company. Independent Director of Petron Corporation, First Philippine Holdings Corporation, PLDT Inc., Metro Pacific Investments Corporation, Metro Pacific Tollways Corporation, Robinsons Land Corporation, GMA Network, Inc., GMA Holdings, Inc. and Asian Terminals, Inc. No bail was recommended for all the accused, 2006 officers of Meralco, to wit: Meralco … He served as the President of Meralco from 1986 to June 2001. MANILA, Philippines - The late Eugenio Lopez Sr was left with no choice when he offered former President Ferdinand Marcos his family’s shares in the Manila Electric Company (Meralco) during the Martial Law years. Inc. Executive Committee Member of LAWASIA Energy Section. The Lopez heirs, however, stress that the entire process of returning the shares was thoroughly reviewed by a number of agencies, including the Supreme Court. ABS-CBN Holdings Corporation Reduction and Monitoring of PDFs (1.75 MB)Posted on February 22. SEPTEMBER 17, 1999 VOL. The World Bank and the Asian Development Bank (ADB) have approved a total of $900 million (about P43.65 billion) worth of financing to be... Palace spokesman Harry Roque Jr. on Friday said the government was eyeing the reopening of the economy this April. They are flanked by PLDT, PLDT-Smart Foundation, Maynilad, One Meralco Foundation, UP College of Engineering, and UPERDFI … Chairman, Remuneration and Leadership Development Committee, Director of Manila Electric Company since May 26, 2009. He also served as Philippine Ambassador to Japan from 2011-2016. Nothing was ever heard of the suit again. 25 NO. President and Chief Executive Officer of PLDT Inc. Chief Executive Officer and Managing Director of First Pacific Company Limited, Chairman of the Board of Trustees of San Beda College, Hongkong Bayanihan Trust, Philippine Disaster Resilience Foundation, Disaster Recovery Foundation, Inc. and Philippine Business for Social Progress, Vice Chairman of the Foundation for Crime Prevention, Member of the Board of Overseers of The Wharton School, University of Pennsylvania, Former Governor of the Philippine Stock Exchange, BS Finance, Wharton School of Finance and Commerce University of Pennsylvania, BS Applied Science, Penn Engineering School University of Pennsylvania, Oriental Petroleum and Minerals Corporation. Member of the Board of Trustees of PLDT Beneficial Trust Fund and PLDT Foundation, Inc. BA Philosophy, Ateneo de Manila University, Masters in Business Administration, Asian Institute of Management, Colinas Verdes Hospital Managers Corporation, Metro Pacific Tollways Development Corporation, Metro Pacific Tollways Vizmin Corporation, MetroPac Iloilo Bulk Water Supply Corporation. Three years later, former Ambassador to Japan Manuel Lopez, then Meralco chairman, transferred his chairmanship of the company to Pangilinan, finally marking the end of the Lopez leadership in the country’s major power distributor. Director for Manila Electric Co. since April 14, 1986Education and Training: Positions and Memberships in Other Organizations and Corporations: Independent Director of Manila Electric Company since May 27, 2008, Chairman, Nomination and Governance Committee, Chairman, Related Party Transactions Committee, Independent Director of Manila Electric Company since May 25, 2010, View outage map, report outages and receive updates on resolution, Manage your electric service, bills and notifications. This website uses cookies to ensure you get the best experience on our website. In fact, when Marcos declared martial law in 1972, he used these issues (details of which are in the succeeding paragraphs) to prosecute the Lopezes and incarcerate many of them. Among the corporations foreclosed were the Bolinao Electronics Corporation and the Alto Broadcasting System. Despite the many challenges and changes it faced over the last year, ABS-CBN has achieved another major achievement with its Entertainment YouTube Channel emerging... SEN. Christopher Lawrence “Bong” Go on Friday squelched speculations that he was running for president in next year’s elections. With an overwhelming tribute from employees and executives of the Manila Electric Company (Meralco), former Ambassador to Japan Manuel M. Lopez has bowed out and relinquished his board seat to Elpidio L. Ibanez, who previously served as president and chief executive officer of First Philippine Holdings Corporation of the Lopez group. The Board consists of 11 directors who are elected by the stockholders during the AGM. During the presidential election that year, the Lopezes junked Romulo and supported [Ramon] Magsaysay. Founding Member of the Shareholders Association of the Philippines, Associate Arts Degree, Far Eastern University, Doctor of Laws (Honoris Causa), University of Iloilo/ Far Eastern University/ University of Cebu/Angeles University/ Bulacan State University. Chief Finance Officer, Senior Vice President and Chief Risk Management Officer at PLDT Inc. Chairman of Davao Doctors Hospital, Asian Hospital Inc. and Riverside Medical Center, Inc. President and Trustee of Metro Pacific Investments Foundation Inc. President and Director of Beacon Electric Asset Holdings, Inc., Metro Strategic. The representatives of the government in the Meralco board are Winston F. Garcia, Daisy P. … As a birthday gift to outgoing Meralco Chairman Manuel Lopez, our club organized the 1st Manuel M. Lopez Chess Festival. Official documents, including one titled “Summary of the answer of the Republic of the Philippines to the claim filed by ABS-CBN,” showed that “ABS-CBN’s right to compensation does not mean or compel the return to them of Channel 4 and the radio stations.”. For their support, Roxas named Fernando [Lopez] a senatorial candidate in 1947. Barely a few days after the Lopezes and the Cojuangcos had moved into the [Corazon] Aquino administration after the EDSA uprising that toppled the Marcos regime in 1986, the Lopez family requested President Aquino for the return of all the Lopez assets, including Meralco (Manila Electric Co.), which by then was under the First Philippine Holdings Corporation (FPHC). He is a director of Lopez Group Foundation Inc. and the President of Eugenio Lopez Foundation. Meralco is a publicly listed company with some 85,000 stockholders. This case stems from a complaint for illegal dismissal and monetary claims filed by herein petitioner Norman Yabut (Yabut) against respondents Manila Electric Company (Meralco) and Meralco officer Manuel M. Lopez (Lopez). Membership in Board of Publicly Listed Companies: Member, Nomination and Governance Committee, Member, Related Party Transactions Committee, Petrochemicals Corporation and JG Summit Olefins Corporation, Director of Manila Electric Company since March 31, 2014 until November 6, 2019, Director of Manila Electric Company since May 31, 2016, Position and Membership in Other Organizations and Companies, Director of Manila Electric Company since May 29, 2012. When President Osmeña succeeded Quezon following the latter’s death in the US on Aug. 1, 1944, the Lopez family was among the first supporters of the new head of state. Get the latest news and service advisories from Meralco. Manuel M Lopez is Former Chairman:Emeritus/CEO at Lopez Holdings Corp. See Manuel M Lopez's compensation, career history, education, & memberships. He has been the Chief Executive Officer and Chairman of the Board of Benpres Holdings Corp. since June 2010. • ABS-CBN Corporation (formerly ABS-CBN Broadcasting Corporation) - a publicly listed company and the country's largest media conglomerate. On attacking President Macapagal with … It is a misconception to say that meralco is owned by the Lopez family. With generous support from our friends, we were able to hold 3 events for the youth who are mostly from public schools; blitz, rapid and standard, over a 4-day period on the last week of May, the birth month of MML. Isko Moreno or Francisco Domagoso in real life came to prominence upon starring in Titilanting Films” in 1990s. Help us improve our service. He is a Board Member and Chairman and Chief Executive Officer of Lopez Holdings Corporation, chairman of Rockwell Land, Vice Chairman of FPHC, director of Meralco where he was Chief Executive Officer July 2001 to June 2010. By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. Manuel M. Lopez received an undergraduate degree from the University of the East and an … Submit Feedback, BA Economics Degree, Ateneo De Manila University, Masters in Business Administration, Wharton School of Finance and Commerce University of Pennsylvania, Honorary Doctorate in Humanities, San Beda College/Xavier University/Holy Angel University/Far Eastern University. The next thing the public knew, the Lopez family was already in complete control of Meralco, ABS-CBN’s channel 2, part of the Philippine Commercial and International Bank (PCIB) and other corporations. Vice Chairman of First Philippine Holdings Corporation and Lopez Inc. President of Eugenio Lopez Foundation, Inc. The elected representatives of the Lopez family in the Meralco board are Manuel M. Lopez, Jesus P. Francisco, Christian S. Monsod, Felipe B. Alfonso, and Cesar PA Virata. UP President Danilo L. Concepcion presents the Sundial Plaque to PLDT Chairman of the Board, President and CEO Manuel V. Pangilinan. Editor’s note: This series of articles exclusively written for The Manila Times was lifted with permission from Greed & Betrayal, a bestselling book published in 2000 by Amazon, one of the world’s largest publishing houses in the United States and written by multi-awarded journalist Cecilio T. Arillo. Chairman of Universal Robina Corporation, Robinsons Land Corporation, Robinsons Retail Holdings, Inc., Robinsons Bank Corporation, JG Summit Petrochemical Corporation, and JG Summit Olefins Corporation. First of a series Pressured by the Lopezes, Magsaysay ordered the foreclosure of the loans of Antonio Quirino, the brother of President Quirino, with the Development Bank of the Philippines and the Philippine National Bank. Member of the Integrated Bar of the Philippines, Philippine Bar Association, and Inter-Pacific Bar Association. Chairman of Roxas and Company, Inc., Roxaco Land Corporation, Roxas Holdings, Inc. and Club Punta Fuego, Inc. President, Philippine Sugar Millers Association. Its flagship television station, ABS-CBN is the leading television network in the country and is available worldwide through The Filipino Channel. Lopez will remain as a member of the board. After Roxas’s death, Quirino drafted Fernando, his running mate in the 1949 presidential polls, with both of them winning amidst charges of massive election fraud. For his part, Pangilinan said that Meralco would continue to strengthen its core distribution business, franchise expansion, power generation business and retail electricity supply segment. Lopez, whose family previously controlled Meralco, attributed the company’s success to the employees values of “malasakit,” integrity, teamwork, customer focus and volunteerism. Chairman of Pepsi Cola Products Philippines Inc., Atimonan One Energy, Inc., PacificLight Power Pte Ltd., Redondo Peninsula Energy Inc., CIS Bayad Center, Inc., MPioneer Insurance Inc.. Chairman of Gokongwei Brothers Foundation, Inc. BS Business Administration and Accountancy, University of the Philippines. Manuel M. Lopez Filipino, 75 years old Member, Finance Committee Director for Manila Electric Co. since April 14, 1986 Education and Training: BS Business Administration University of the East The petitioner had worked with Meralco from February 1989 until his dismissal from employment on February 5, 2004. Trustee of Philippine Business for Social Progress, Violation of the Corporate Governance Rules, Violation of the Code of Ethics and Company Code of Employee Discipline or other similar codes, Financial Malfeasance including those relating to financial fraud and questionable accounting and auditing matters, Trustee of Philippine Disaster Recovery Foundation, BS Business Administration University of the East, Advanced Studies in Financial & Management Development Harvard Business School, Chairman and CEO of Lopez Holdings Corporation, Chairman of Indra Philippines, Inc., Rockwell Land Corporation and Rockwell Leisure Club. Channel 4 eventually remained in government hands. In the case of the Meralco, President Aquino created a three-man board of arbitrators, specifically to render a final adjudication and settlement of the Lopez claim. Vice Chairman of the Board of Trustees of One Meralco Foundation, Inc. The power generation arm of Manila Electric Co. (Meralco) has earmarked P158.95 million to secure a controlling interest in an affiliate that is building a solar farm in Bulacan province. In 1953, the Lopezes abandoned Quirino and formed their own Democratic Party with Carlos P. Romulo as the presidential standard bearer. Board Composition. Member of the Advisory Board of PLDT, Inc. Member of Metrobank Foundation, Manila Metropolitan Cathedral-Basilica Foundation, Inc., Foundation for Liberty and Prosperity, Tan Yan Kee Foundation, Inc., Claudio Teehankee Foundation, Philippine Judges Foundation, and Permanent Court of Arbitration (The Hague, Netherlands), Senior Adviser of Metropolitan Bank and Trust Company, Adviser of Double Dragon Properties Corp. and Bank of the Philippine Islands, Columnist for the Philippine Daily Inquirer, Retired Chief Justice of the Supreme Court of the Philippines, BS Business Administration, University of Notre Dame Indiana, USA. Independent Director of PLDT Inc., Cemex Holdings Inc. and BDO Private Bank, Inc. Lopez became Meralco’s chief executive in 1986 and has served as chairman for over 10 years. Grateful for their support, [Sergio] Osmeña appointed Fernando Lopez mayor of Iloilo City in 1945. Vice-Chairman and Deputy Chief Executive Officer of Robinsons Retail Holdings, Inc. President and Trustee of Gokongwei Brothers Foundation, Inc. Masters in Business Administration, De La Salle University, Advanced Management Program Degree, Harvard University, Chairman Emeritus of JG Summit Holdings, Inc., and Chairman Emeritus and Founder of Universal Robina Corporation, Robinsons Land Corporation, JG Summit Petrochemicals Corporation, and JG Summit Olefins Corporation. Jackie Ejercito-Lopez who is married to Bevear Lopez, the son of Meralco Chairman Manuel Lopez is the daughter of Erap Estrada to wife, Senator Dr. Luisa “Loi” Pimentel. He served as the Chairman of the Board of MERALCO from July 2010 to June 2012 after his retirement as Chairman and … Chairman of Pan Philippine Resources Corporation, Peecee Holdings Corporation, and Arpan Investment and Management, Inc. Lawyer Jake Almeda Lopez, who acted as spokesman when this writer sought the comment of the Lopezes, said the documents were specifically used by Marcos to destroy the Lopezes. Manuel M. Lopez Ambassador Manuel M. Lopez has been the Chairman and Chief Executive Officer of Lopez Holdings Corporation (Benpres Holdings Corp.) since June 2010. 2021. The Manila Electric Co. (Meralco) announced on Tuesday it would further cut its power rates by P0.3598 per kilowatt hour (kWh) for a second... FOR the second straight month, Manila Electric Co. (Meralco) announced on Tuesday a decrease of P0.3598 per kilowatt hour (kWh) for March. (To be continued). Official documents showed that on April 17, 1986, the Lopez family, through its counsel Lorenzo Tañada Sr., also formally requested President Corazon Cojuangco Aquino “for the return of all the assets of the ABS-CBN Broadcasting Corporation still under the possession of the Aquino government.” ABS-CBN at that time included TV stations 2 and 4. Then the Lopezes junked Osmeña and supported [Manuel] Roxas for president and [Elpidio] Quirino for vice president. President and Chief Executive Officer of Cebu Air, Inc. and JG Summit Holdings, Inc. Chairman and Trustee of Gokongwei Brothers Foundation, Inc. President and Chief Executive Officer since May 29, 2012, Director of Manila Electric Company since July 1, 2010, BA Economics, Ateneo De Manila University, Masters in Business Administration Program (completed units), Ateneo Graduate School of Business Administration, International Management Development Program, Waterloo Lutheran University, Program for Management Development, Harvard Business School, Meralco Industrial Engineering Services Corporation. In 1986, thousands of Metro Manilan's staged a relatively peaceful People's Power Revolution led by the elite, supported by Uncle Sam and under the guidance of the Catholic Church hierachy --they succeeded. Business World Publishing, Inc. and Philstar Daily, Inc. BS Chemical Engineering, Massachusetts Institute of Technology, Masters in Chemical Engineering, Massachusetts Institute of Technology, Chairman and Chief Executive Officer of JG Summit Holdings, Inc. and Oriental Petroleum, Chairman of Robinsons Land Corporation, Universal Robina Corporation, JG Summit. Invoking a question of law, Gascon petitioned the high court for prohibition with prayer for the issuance of restraining order and a writ of preliminary injunction. President and Chairman of Neo Oracle Holdings Inc. Director of Pacific Global One Aviation Company, Metro Vantage Properties, Inc., Surallah Biogas Ventures, Inc., and Philippine Disaster and Risk Foundation, Inc. “Reconveyance to (the Lopezes) of the subject properties,” according to the summary, “cannot reconcile with the constitutional provisions declaring oligarchy as subversive of the general welfare and public interest considering that claimants represent persons, families, clans, and entities who have controlling and dominating influence in newspaper, radio, TV, electronic utilities, banking, politics and related enterprises.”, The summary added that the reconveyance contemplated violated the equal protection clause of the Constitution: “Other parties whose properties were similarly confiscated by the previous (Marcos) Administration have presented their claims and yet have not been extended accommodations as the Lopezes had been.”. Member of the Advisory Council of Bank of the Philippine Islands. The Board also ensures that internal control mechanisms for … Membership in Board of Non-listed Companies: President and Chief Executive Officer since May 29, 2012 until May 28, 2019, Director of Manila Electric Company since July 1, 2010 until May 28, 2019.
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