Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively.
During their annual meeting held Thursday, June 9, BancNet shareholders elected the company’s directors for the term 2022-2023. Re-elected with Tan and Dee were: Dennis C. Bancod, senior executive vice president of RCBC; Cecilia C. Borromeo, president and CEO of Land Bank; John Cary L. Ong, executive vice president of Security Bank; Noel A. Santiago, senior vice president of BPI; and William C. Whang, president of China Bank.
Tan is currently the president and CEO of BDO while Dee is the president of Metrobank.
Also elected to the 15-man Board were new directors Henry Rhoel R. Aguda, chief technology and operations officer of Union Bank; Kathleen Charmaine H. Hernandez, transaction banking director of Standard Chartered Bank; Eduardo J. Katigbak, Jr., president of Equicom Savings Bank; Wilfredo E. Rodriguez, Jr., executive vice president of Asia United Bank; Cecilio Paul D. San Pedro, president and CEO of Sterling Bank of Asia; Elfren Antonio S. Sarte, president and CEO of Robinsons Bank; Gerardo Susmerano, executive vice president of East West Bank; and Jose Arnulfo A. Veloso, president and CEO of PNB.
Dee told the stockholders that BancNet is “in a superior position as we prepare for the gradual exit from the pandemic and consequent recovery of the economy, increased consumption and higher demand for services. In particular, we have embraced the use of technology in both our internal business operations as well as our development and delivery of services to our members and participants”
During their organizational meeting, the new Board also elected the following key officers of the company: Elmarie S. Reyes, CEO; Jose Arnulfo A. Veloso, Treasurer; and Agnes H. Maranan, Corporate Secretary.
The Board also appointed the members of the Operations Committee which is responsible for translating Board-defined policies into detailed operating policies and procedures. They are: Dennis C. Bancod (RCBC), Allan V. Bornas (Land Bank), Reynaldo Burgos (PNB), Ralph Cadiz (Sterling Bank), Marie Carolina L. Chua (China Bank), Eduardo Katigbak, Jr. (Equicom Savings), Michael Magbanua (Union Bank), Tomas Victor A. Mendoza (BDO), Wilfredo Rodriguez, Jr. (AUB), Noel A. Santiago (BPI), Salvador Serrano (East West Bank), Richard So (Metrobank), Ricardo G. Torres (Security Bank), Angela D. Vagilidad (Standard Chartered Bank), and Paul Donato Villanueva (Robinsons Bank).
