Mr. Bernardo M. Villegas, Filipino, 85 years old, has been the Chairman of the Board since November 7, 2019. He first became a Company Director by appointment on June 25, 1998. He was designated Independent Director of the Company from 2002 until now, although he has been a Director before the issuance of SEC Circular No. 16 dated November 28, 2002. He is Chairman and Independent Director of listed company Filipino Fund, Inc. and Independent Director of listed companies First Metro Philippine Equity Exchange Traded Fund, Inc. and DMCI Holdings, Inc. He holds, among others, the following directorships/positions: Independent Director of Benguetcorp Resources Management Corporation (2012 to present), a wholly-owned subsidiary of the Company; Director and Consultant of Transnational Diversified, Inc. (1998 to present); Director, PHINMA Properties (2011 to present); Director, Dualtech Foundation (1998 to present); and Columnist, Manila Bulletin (1964 to present). Formerly, he was Director of Alaska Milk Corporation (1999-2019), Director of Makati Business Club (1981-2010), Director of Phinma Foundation (1995-2001), Director of Pilipinas Shell Foundation (1995-2001), Senior Vice President, University of Asia and the Pacific (2004-2006); Chairman, Center for Research and Communication (1995); President, Philippine Economic Society (1972-1974); Chairman, Department of Economics-De La Salle University Manila (1964-1969), Committee on the National Economy & Patrimony (1986); Director, Economic Research Bureau and Graduate School of Business-De La Salle University Manila (1967-1968); Project Director, Philippine Economic History under the National Historical Commission (1969-1972); Member, Preparatory Commission for Constitutional Reforms and Constitutional Commission (1999); Consultant, Productivity Development Center-National Economic Council and Program Implementation Agency (1968-1969). He earned his Ph.D. in Economics from Harvard University and obtained his Bachelor’s degrees in Commerce and Humanities (both Summa Cum Laude) from De La Salle University.
