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AIM names Erramon Aboitiz new chairman

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The Asian Institute of Management named Erramon “Montxu” Aboitiz as new chairman of its board of trustees effective Sept. 1, 2023.

AIM chairman Erramon ‘Montxu’ Aboitiz

Montxu, who also serves as the chairman of the board of directors of UnionBank of the Philippines, joins an esteemed group of accomplished business leaders who share an unwavering commitment to advancing the growth and well-being of Asia and its people.

Montxu is the 7th chairman of AIM, succeeding Peter Garrucho who assumed the role in 2017. Montxu  served as the president and chief executive of Aboitiz Equity Ventures for a decade from 2009 to 2019, and briefly as the CEO of Aboitiz Power Corp. in 2018.

He is also a former trustee of the Philippine Disaster Resilience Foundation before Aboitiz Group president and CEO Sabin Aboitiz assumed the same role.

Montxu earned a Bachelor of Science degree in Business Administration with a major in Accounting and Finance from Gonzaga University in Spokane, Washington, USA.  In 2011, he received the Management Man of the Year award from the Management Association of the Philippines and was recognized as Entrepreneur of the Year by Ernst & Young. Seven years later, AIM conferred an honorary doctorate degree in management on Montxu.

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The Aboitiz Group through its social responsibility arm the Aboitiz Foundation made a $10-million donation to AIM in 2019, marked as the Aboitiz 100th Anniversary Commitment Fund.

The fund is being used to address the local and regional gap in data science and innovation. With this donation, AIM’s Aboitiz School of Innovation, Technology and Entrepreneurship conducts world-class teaching and research with real-world applications with data science professionals and leaders.

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