PEDRO O. ROXAS has been a Director of Roxaco since 1995. He is now the company’s Executive Chairman of the board. He is also the Chairman of: Roxas Holdings, Inc, and other subsidiaries of RHI; Hawaiian-Philippine Company; Club Punta Fuego; and Roxaco Land Corporation. He is the President of the Philippine Sugar Millers Association, Inc.; Fundacion Santiago; and Roxas Foundation. He is a Trustee of the Philippine Business for Social Progress. He is a part of the Board of Directors of Brightnote Assets Corporation; PLDT; Meralco; and BDO Private Bank. Mr. Roxas was educated at Portsmouth Abbey School, USA and at the University of Notre Dame, USA where he obtained his degree in Business Administration.

SANTIAGO R. ELIZALDE is the Chairman of the 24 Hour Vendo Machine Co., the Vice Chairman and a member of the Executive Committees of ELRO Commercial & Industrial Corporation and Club Punta Fuego, Inc. He is also the President & CEO of Roxaco Land Corporation, the President of CGB Condominium Corporation, and the President of Fuego Hotels and Management Corporation. He is the Chairman of Roxas Foundation, Inc., and a Director of CADPI, CACI, ELRO Land Corporation; Punta Fuego Village Homeowners Association; Punta Fuego Village Foundation; Terrazas de Punta Fuego Village Homeowners Association; and Fundacion Santiago.

FRANCISCO JOSE R. ELIZALDE, a member of the Audit and Risk Committee, was elected to the Board of Directors in 2009. He is also the Managing Director of the ELRO Corporation, and the Vice President of its Consumer Goods Business Unit. He is part of the Board of Directors of: SPCI Holdings, Inc.; ELRO Trading Corporation; ELRO Land, Inc.; Bais Multi Farms, Inc.; Twenty Four Hours Vendo Machine Corporation; Roxaco Land Corporation; Club Punta Fuego, Inc.; and Mutual Fund Management Company of the Philippines, Inc. He was educated at Portsmouth Abbey School, USA, and at the University of Vermont, from where he obtained an undergraduate degree.