Roxas Holdings names new top execs

MANILA, Philippines - Listed bio-sugar and bio-energy company Roxas Holdings Inc. (RHI) is ready to take new directions following the appointment of its top executives.

Sugar industry veteran Hubert Tubio was appointed as the new president and CEO while Celso Dimarucut was named as the new CFO of the company.

“The appointment shows the company’s readiness to keep up with the shifting trends in the industry,” RHI chairman Pedro Roxas said.

Tubio has built a career in corporate management, finance and accounting in manufacturing and service industries like sugar, telecommunications, airline, trading, and international accounting and auditing services.

He was the chairman of the board of vertically integrated bio-energy company Bioeq Energy Holdings Inc., and a former member of the board of directors of Negros College Inc.

Tubio also served as president and COO of Victorias Milling Co. Inc. where he set record production volumes in both raw and refinery operations since the milling’s founding in 1919.  During his term, Tubio recorded the highest yield and sugar recovery in the Philippines while capturing 25.7 percent of the cane supply in Negros Occidental in 2012 to 2013.

He also worked for Globe Telecom, Jardine Davies, Consultancy by Technicus Corp. and Philippine Airlines Holdings Inc.