MANILA, Philippines - Ramon S. Ang, the top executive of diversified conglomerate San Miguel Corp. (SMC), has given up his post as director in two listed firms controlled by businessman Roberto V. Ongpin.
In separate disclosures, gaming solutions provider PhilWeb Corp. and upscale property developer Alphaland Corp. said Ang let go of his spot in the board of directors.
The resignation, which was due to “time constraints,†took effect on Macrh. 11, Alphaland and Philweb said.
Ang is the president and chief operating officer of SMC, overseeing various investment opportunities such as infrastructure projects and oil and gas acquisitions.
From its core brewery (San Miguel Brewery) and food business (San Miguel Pure Foods), SMC has expanded into power production (SMC Global), downstream oil sector (Petron), packaging (San Miguel Yamamura Packaging Corp.), airline (Philippine Airlines) and several infrastructure projects including Caticlan airport, Skyway and the NAIA Expressway.
Ongpin, a former trade minister, is one of the major shareholders in listed Top Frontier Investment Holdings Inc.
Ang is the president and CEO of Top Frontier, the majority shareholder of SMC. Top Frontier, through wholly-owned subsidiary Clariden Holdings Inc., holds the mining rights for the Nonoc nickel project in Surigao del Norte, Mt. Cadig nickel project in Camarines Norte and Lo-oc limestone project in Cebu.