Ramon Villavicencio resigns from San Miguel board

San Miguel [SMC 99.50 ?3.1%; 115% avgVol] [link] disclosed that one of its directors, Ramon F. Villavicencio, resigned effective July 31st. SMC’s disclosure said that Mr. Villavicencio did not provide a reason for his resignation.

MB BOTTOM-LINE: Mr. Villavicencio resigned as chairman of Basic Energy [BSC 0.14 ?1.4%; 371% avgVol] earlier this year due to health concerns, so perhaps today’s resignation follows along that same path. Mr. Villavicencio is a well-connected veteran of the petroleum and energy sectors. His son, Rafael Villavicencio, currently owns BS

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