A new member of the Board of Directors of Philippine Airlines was elected during the Board’s organizational meeting following PAL’s annual stockholders meeting today (May 30, 2019) at Century Park Hotel, Manila.
Mr. Ryuhei Maeda, senior advisor at ANA Holdings, Inc. and member of the Board of Japanese carrier All Nippon Airways Co. Ltd. (ANA), completes the 15-member PAL Board for 2019.
Mr. Maeda was also elected into the Board of Directors of PAL Holdings, the flag carrier’s parent company.
He represents ANA Holdings, Inc., parent company of ANA, following the acquisition of 9.5% PAL Holdings shares by ANA Holdings last January 29, 2019.
PAL Holdings has applied for government approval for an increase of its authorized capital stock from the current P13.5 billion to P20 billion, to support the ongoing network and fleet expansion initiatives to position PAL as a strong market player.
The PAL Board of Directors for 2019:
- Lucio C. Tan – Chairman and Chief Executive Officer
- Lucio “Bong” K. Tan – Vice Chairman
- Jaime J. Bautista – President and Chief Operating Officer
- Rowena T. Chua
- Atty. Florentino Herrera III
- Atty. Estelito Mendoza
- Cirilo P. Noel
- Carmen K. Tan
- Michael G. Tan
- Ryuhei Maeda (newly-elected)
- Johnip G. Cua
- Justice Manuel Lazaro
- Amando M. Tetangco, Jr.
- Samuel C. Uy
- Gregorio T. Yu