New DBP officers, board members take over

MANILA, Philippines - The new officers and board members of the Development Bank of the Philippines (DBP) will officially assume their new responsibilities starting tomorrow, September 1, although the board seats are still incomplete as of presstime.

Last week, incoming DBP board chairman Jose “Pepo” A. Nunez Jr. and incoming president and chief executive officer Francisco “Popo” del Rosario Jr. were sworn in by outgoing bank chairperson Patricia A. Sto. Tomas.

After the simple rights, the incoming bank chairman and president made rounds of some of the departments of the only government development bank. “I am happy to be back, this is something I have always wanted to do,” Del Rosario said.

It is a return engagement for Del Rosario who had already served as DBP chairman in 1995-1998 before returning to the private sector.

“Guapo sya (He is good looking),” was the reaction of some of the bank employees.

Meanwhile, Security Banking Corp. (Security Bank) president and chief executive officer Alberto Villarosa said that Nunez “is the right man for the job.” Nunez served as president of the SB Card Corp., the Security Bank subsidiary for credit cards.

“He knows his business, but I would rather not play golf with him at this point,” Villarosa added.

The incoming board is still incomplete with only Juan Kevin G. Belmonte, president of Philstar Global Corp., Antonio Jose Periquet, managing director of Deutsche Regis Partners Inc., as definite appointees.

Last Friday, reports indicate that Daniel Y. Laogan from the Chinese Filipino Business Club and managing director of Laogan & Trespeses Law Office, and Jose Luis ‘Bobet’ L. Vera of Vernida Realty Development Corp., are also joining the DBP board.

Meanwhile, Franklin Churc-hill M. Velarde, a member of the existing board will be retained. No one was available or willing to make any comments.