General Announcement::Results of Board Meeting- Retirement/Appointment of President

Issuer & Securities

Issuer/ Manager
PHILIPPINE NATIONAL BANK
Securities
PHILIPPINBKUS$300M4.25%N230427 - XS1810088226 - 8TBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Aug-2018 23:38:25
Status
New
Announcement Sub Title
Results of Board Meeting- Retirement/Appointment of President
Announcement Reference
SG180824OTHR4QX2
Submitted By (Co./ Ind. Name)
Maila Katrina Y. Ilarde
Designation
Corporate Secretary
Effective Date and Time of the event
24/08/2018 02:00:00
Description (Please provide a detailed description of the event in the box below)
During its meeting held today, August 24, 2018, the PNB Board of Directors approved and confirmed the following:

1. Retirement of Mr. Reynaldo A. Maclang as Director, President and CEO of the Bank, effective at the close of business hours on November 15, 2018, and his appointment as Board Advisor, effective November 16, 2018; and

2. Election and appointment of Mr. Jose Arnulfo A. Veloso as Director, President and CEO of the Bank, vice Mr. Reynaldo A. Maclang, effective November 16, 2018.