PBSP elects new officers; MVP now chair emeritus
Philippine Business for Social Progress (PBSP) announces the election of Manolito Tayag as chair, Margot Torres as vice chair, Rossana Fajardo as treasurer, and Carolina Racelis as corporate secretary.
Businessman Manuel V. Pangilinan, the organization’s longest-serving chair, will now be its first-ever chair emeritus while continuing his duties as a trustee.
PBSP expresses its profound gratitude to Pangilinan for his tenure as chair starting in 2000. During this period, PBSP expanded its programs, strengthened its partnerships, and reinforced the role of the private sector in nation-building.
As PBSP’s longest-serving chair, his transition to chair emeritus is a fitting testament to his decades of guidance and enduring influence on the organization’s direction and impact.
Longtime advocate
Tayag assumes the chairmanship following years of active involvement in the organization’s initiatives and governance as a trustee (2014-present), audit committee member (2014-2015) and chair (2016-2021), and PBSP vice chair (2022-2025).
He brings decades of experience in technology, consulting, and digital transformation, having led Accenture Philippines as Country Managing Director until his retirement in 2022.
An advocate for responsible business leadership and social development, Tayag serves as the vice chair of Philippine Business for Education, a trustee of the Makati Business Club (MBC) and ASA Philippines Foundation, and an independent director of PHINMA Education Holdings Inc., Robinsons Retail Holdings Inc., and FWD Insurance Philippines.
Multiawarded marketer
Torres takes on the role of vice chair after her election to the board of trustees in 2025. Currently the Managing Director of McDonald’s Philippines, she is a multiawarded marketer and thought leader, recognized with distinctions such as the lifetime Agora Award for Marketing Management and the first-ever Tambuli Chief Marketing Officer of the Year award.
Beyond her corporate roles, Ms. Torres has contributed to advancing professional excellence as a previous president of the Philippine Association of National Advertisers (PANA) and the Digital Marketing Association of the Philippines.
She was also tapped to serve as the private sector communications lead for Task Force T3, working closely with the government to support the national response during the COVID-19 pandemic.
3-decade experience
Fajardo became a trustee and was elected treasurer last year when she took the helm as country managing partner of Sycip Gorres Velayo & Co. (SGV & Co.), one of PBSP’s founding members.
She previously served as SGV Consulting Leader (2015 to 2025) and currently holds the role of EY Asean Business Consulting Leader (2020 to present).
Fajardo brings more than three decades of experience in auditing, risk management, and governance, paired with a strong dedication to transparency and accountability as a former commissioner of the Independent Commission for Infrastructure.
Renewed accreditation
As PBSP introduces its new officers, it also marks the milestone of successfully securing renewed accreditation from the Philippine Council for NGO Certification (PCNC), affirming the organization’s commitment to the highest standards of integrity, quality, and accountability.
As one of PCNC’s founding members, PBSP has been granted accreditation six times since 1999. This latest reaccreditation is a testament to the organization’s good governance and leadership, robust management, and financial sustainability.
PBSP is the largest business-led NGO for social development and operates at the nexus of corporate citizenship, sustainable development, and poverty reduction. Established in 1970, it remains a trusted consultant and partner of choice of companies and donors.
