Filinvest Development Corp., the holding company of the Gotianun group, on Wednesday announced key organizational changes to support its next phase of growth.
FDC said in a disclosure to the stock exchange Wednesday its board appointed veteran investment banker Rhoda Huang as new president and chief executive effective Aug. 1, 2023.
Huang will replace FDC president and CEO Josephine Gotianun Yap, who is taking on the position of vice chairperson of the FDC board.
The leadership changes is in line with conglomerate’s succession planning to “ensure business continuity and the orderly futureproofing of the organization,” it said.
“We are pleased to have Chiqui Huang lead the next phase of the Filinvest group and believe in her ability to guide organizations towards achieving their vision. Her leadership will be instrumental in our pursuit of strategic objectives and advancing our position in the market,” said FDC chairman Jonathan Gotianun.
FDC said with new team leaders driving strategy and synergy, that group that has core investments in property, banking and energy sector is ready for growth.
“FDC has established a solid foundation for growth, supported by an extensive asset base, an expansive network, and brand portfolio which is poised to reach its full potential. We believe that with new leaders who embrace our core values, bring fresh perspectives, and build on our established businesses, we can foster a high-energy, growth-oriented company,” said Gotianun-Yap.
Huang brings to FDC more than 30 years of experience in Philippine corporations, financial and government institutions. Prior to her appointment, Huang was president of BPI Capital Corp. and branch head of investment banking for Credit Suisse Philippines.
“I am honored to be a part of this esteemed organization and look forward to leveraging my experience to create value for our stakeholders,” said Huang.
FDC also announced the appointment of Brian Lim as chief finance officer, replacing Elsie Paras who resigned early this month.
FDC earlier hired former Jollibee Foods Corp. chief finance officer Ysmael Baysa as new chief operating officer.