Public transport firm Rural Transit (Mindanao) Inc. (RTMI) held its annual stockholders’ meeting on February 9, 2022 with matriarch Olivia Yanson heading the board election.
During the annual meeting, Olivia Yanson, Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Anita Chua, Daniel Nicolas Golez, and Rey Ardo were re-elected as members of RTMI’s board of directors.
RTMI plies major routes in Mindanao. It is part of the Yanson Group of Bus Companies.
The newly-elected directors then held an organizational meeting where Leo Rey Yanson was re-appointed as president and chairman of the board, while Olivia was re-appointed as corporate secretary and treasurer.
In a statement, RTMI said stockholders Roy Yanson, Ma. Lourdes Celina Lopez and Ricardo Yanson Jr. were absent despite the due notices sent to them.
Leo Rey Yanson said RTMI is committed to providing the riding public with the most reliable means of public transportation amid the challenges brought about by the COVID-19 pandemic.
A Bacolod City court, in an October 2021 decision, granted Olivia Yanson the mandate to oversee and administer the estate of her late husband, Ricardo Yanson, who co-founded with her the Yanson Group of Bus Companies in 1968.
