- Oscar J. Hilado
- Antonio V. del Rosario
- Magdaleno B. Albarracin, Jr.
- Ramon R. del Rosario, Jr.
- Francisco L. Viray
- Roberto M. Laviña
- Victor J. del Rosario
- Alfredo M. Velayo (Independent)
- Raymundo O. Feliciano (Independent)
- Ricardo V. Camua (Independent)
- David L. Balangue (Independent)
2. The increase in authorized capital stock of the Corporation from PhP4,200,000,000.00 to PhP8,400,000,000.00 and amendment of the Corporation's Amended Articles of Incorporation to reflect the same were approved, in a resolution worded as follows:
3. The auditing firm of SyCip, Gorres, Velayo and Company was reappointed external auditors for the year 2012;"RESOLVED, subject to the approval of the Securities and Exchange Commission, that the authorized capital stock of the Corporation be increased from PhP4,200,000,000.00 divided into 4,200,000,000.00 common shares of the par value of PhP1.00 each share to PhP8,400,000,000.00 divided into 8,400,000,000.00 shares of the par value of PhP1.00 each share to be funded by a stock rights offering, the terms and conditions of which, including the final issue size, rights entitlement, offer price and record date, shall be determined by the Board of Directors; and to effect the foregoing increase of authorized capital stock, Article Seventh of the Articles of Incorporation be amended as follows:'SEVENTH: - That the total authorized capital stock of this Corporation is EIGHT BILLION FOUR HUNDRED MILLION PESOS (PhP8,400,000,000.00) Philippine Currency, and that said capital stock shall be divided into EIGHT BILLION FOUR HUNDRED MILLION (8,400,000,000.00) common shares of the par value of PhP1.00 per share.'"
4. Following the Annual Meeting of Shareholders, the following officers were elected:
- Oscar J. Hilado - Chairman
- Ramon R. del Rosario, Jr. - Vice Chairman
- Francisco L. Viray - President & Chief Executive Officer
- Roberto M. Lavina - SEVP/Treasurer
- Juan J. Diaz - Corporate Secretary
- Virgilio R. Francisco, Jr. - Senior Vice President
- Pythagoras L. Brion, Jr. - Senior Vice President & Chief Financial Officer
- Rosario B. Venturina - Senior Vice President-Renewable Energy
- Raymundo A. Reyes, Jr. - Senior Vice President-Oil and Gas
- Rizalino G. Santos - Senior Vice President-Electricity Supply
- Cecille B. Arenillo - Vice President & Compliance Officer
- Frederick C. Lopez - Vice President-Materials Management
- Mariejo P. Bautista - Vice President-Controller
- Danilo L. Panes - Assitant Vice President-Renewable Energy
- Alan T. Ascalon - Asst. Vice President/Assistant Corporate Secretary
- Miguel Romualdo T. Sanidad - Assistant Corporate Secretary
- https://www.affordablecebu.com/Moreover, the various Committees of the Board were organized as follows:Executive Committee/Stock Option Committee:
- Ramon R. del Rosario, Jr. - Chairman
- Oscar J. Hilado - Member
- Magdaleno B. Albarracin, Jr. - Member
- Francisco L. Viray - Member
- Alfredo M. Velayo - Member
Audit Committee:
- Alfredo M. Velayo - Chairman
- Roberto M. Laviña - Member
- Ricardo V. Camua - Member
- Victor J. del Rosario - Member
- David L. Balangue - Member
Nomination Committee:
- Ramon R. del Rosario, Jr. - Chairman
- Antonio V. del Rosario - Member
- Raymundo O. Feliciano - Member
Compensation Committee:
- Alfredo M. Velayo - Chairman
- Ramon R. del Rosario, Jr. - Member
- Oscar J. Hilado - Member
