San Miguel unit brings in ex-DOTr chief Bautista to board
San Miguel Food and Beverage, Inc. (SMFB) has brought in former Transportation Secretary Jaime Bautista as an independent director and named Monica Ang as treasurer. This was decided in a special meeting of its board of directors on Feb. 6.
In a disclosure, SMFB said Bautista’s appointment takes effect immediately and covers the unexpired term of Ferdinand Constantino. The latter resigned as director and treasurer effective Jan. 31.
Bautista was elected to the board upon the endorsement of the corporate governance committee.
In the same meeting, the board elected Monica Ang, daughter of tycoon and San Miguel Chair Ramon Ang, as treasurer. This is concurrent with her roles as chief financial officer and chief risk officer.
Her appointment, also effective Feb. 6, allows her to serve the unexpired term of Constantino.
SMFB said Bautista, 68, brings extensive experience in transport, aviation and corporate management.
He served as secretary of transportation from 2022 to 2025 and previously held senior leadership roles at Philippine Airlines, including president and chief operating officer.
Bautista has also served as director of Cosco Capital, Inc., Philippine Bank of Communications, Alphaland Corp., Gothong Southern Shipping Corp. and the International School of Sustainable Tourism.
He currently chairs the board of SKAL International Makati and sits on the boards of the Management Association of the Philippines and Manila Golf and Country Club.
Bautista holds a degree in accounting from Colegio de San Juan de Letran and is a certified public accountant.
SMFB disclosed that he owns 10 shares in the company. The company said the board actions reflect its focus on leadership continuity, sound corporate governance and shareholder returns.
Separately, the board approved the declaration of regular cash dividends of P0.50 per share on outstanding common shares.
The record date is Feb. 20, while the closing of books will run from Feb. 21 to Feb. 26. The payment date is set on March 6.
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