STI elects new directors

Leading information technology education institution STI elected a new set of board of directors during its annual stockholders’ meeting held at the Manila Polo Club last week.

Re-elected as STI chairman was Eusebio Tanco, also chairman of Philippines First Insurance Inc. A fresh face in STI’s 11-man board is lawyer Antonio Carpio, senior partner at the Carpio Villaraza & Cruz Law Offices.

Also among the newly-elected STI board members was One Virtual Corp. chairman and CEO Mel Velarde. Velarde has made significant contributions in the broadcasting, telecommunications and the information technology sectors before establishing One Virtual, the first broadband Internet service provider (ISP) via satellite in the country that provides connectivity to schools, ISPs and small businesses.

Other new members of STI’s board of directors are Angping and Associates Securities chairman Jerry Angping, Wilfredo Racadio of All Asia Capital Manager Inc.

Keeping their STI board seats for another term were STI president Chito Salazar, Ramon Abaya of Cagayan Electric Power & Light Co., Glicerio Sicat of Inter-Pacific Capital (Phils.) Corp., Hernan Gamboa of Data Center Design Corp., and Systems Standards Inc. chairman Augusto Lagman. Salazar was also re-elected as president and chief operating officer of STI.

New STI board aims to make significaint strides in bringing STI closer to its vision of becoming the global powerhouse in IT education. By 2002, STI will open a college within the Makati central business district that caters to the AB market. STI will also build a university that offers multidisciplinary courses with an IT backbone.