Zest-O owner Alfredo Yao stepping down from Philippine Business Bank board

Bilyonaryo Alfredo Yao is leaving the board of his business group’s savings bank.

The 77-year old chairman emeritus of Philippine Business Bank is not listed among the nominees for election to its board in its annual stockholders’ meeting on June 25.

Yao founded PBB in 1997 as a bank for small and medium enterprises. It has 197 branches as of 2019.

PBB is adding to two new independent directors this year – banker Astero L. Favis, Jr and former Development Bank of the Philippines corporate services head Benel D. Lagua.

The other PBB directors are chairman Jeffrey Yao, vice chairman and president Rolando Avante, Honorio O. Reyes-Lao, Roberto A. Atendido, Leticia M. Yao, Danilo A. Alcoseba, Benjamin R. Sta. Catalina, Jr., Narciso De Leon Erana, and Roberto C. Uyquiengco.


/PEM — AdChoiceTV News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s