Opascor elects new board of directors

CEBU, Philippines — After undergoing a labor dispute that led to the filing of notice of strike and the demand for the resignation of its highest ranking official, the Oriental Port and Allied Services Corp. (Opascor) successfully held its board of directors election.

Current chairman Tomas Riveral garnered 28,842 votes, the highest votes among the board members who were elected, signifying that stakeholders still have the trust and confidence in his leadership.

A total of 652 shareholders participated --representing 86% of the outstanding shares.

The election, supervised by a nine-member committee headed by Jemarie Arisga ensured transparency and impartiality; it was further safeguarded by the independent canvassing of Ramon F. Garcia & Company, certified public accountants.

In thanking the shareholders, Riveral acknowledged the deep responsibility this trust carries and emphasized the board's shared commitment to advancing Opascor's strength and stability for the benefit of all stakeholders.

The other newly-elected members of the board are Jonathan M. Fernandez (25,483 votes), Virgilio A. Basalo (24,991 votes), Resurrection Florimao Velasco (24,791 votes), Reynaldo V. Cadungog (24,739 votes), Violeta T. Tabasa (24,617 votes), Annabel G. Pulvera-Page (24,589 votes), Randy N. Vasquez (24,331 votes), Bartolome J. Lapasaran (24,318 votes), Renato M. Arciaga, Jr. (24,292 votes), and Raul Cerio R. Rivera (23,164 votes).

“This election is a moment of renewal and a promise of continuity. It underscores the collective resolve of OPASCOR to pursue excellence, uphold transparency, and embrace opportunities that inspire progress for everyone involved,” Opascor said in a statement.

“To our shareholders, your trust propels us forward. To our employees and partners, your dedication remains the cornerstone of our journey. Together, we take this next step with gratitude and hope, ready to build an even brighter future,” it added.

Established in 1990, Opascor is a worker’s enterprise engaged in the service of cargo handling operations at the Cebu International Port. — (FREEMAN)