“I’m truly honored to join SM’s Board. SM mirrors the energy and growth journey of the Philippine economy. I look forward to contributing to a growing company deeply committed to independence and strong corporate governance.” ~Ms. Marife B. Zamora, Independent Director of the Board by the Shareholders of SM Investments Corporation (SM Investments)
Ms. Marife B. Zamora was elected as an independent director of the board by the shareholders of SM Investments Corporation (SM Investments) at today's Annual Stockholders' Meeting.
By surpassing legislative requirements and reaffirming SM's dedication to sound governance, Ms. Zamora's election guarantees that the board of SM Investments will continue to have a majority of independent directors. She becomes an Atty. The second independent female director is Lilly K. Gruba.
Ms. Zamora is an accomplished executive with decades of experience in business process outsourcing, insurance, and telecommunications. She is also a well-known supporter of women in leadership and technology, having co-founded the Filipina CEO Circle, a network of female corporate executives promoting change, and served on the board of trustees of the FTW (For The Women) Foundation.
“The Board extends its deepest gratitude to Director Lipana for the nine years of dedicated service and invaluable insights she has provided to the company. We also welcome Ms. Zamora whose broad experience and strong track record will benefit the group.” ~Mr. Amando M. Tetangco, Jr., SM Investments Chairman
Ms. Zamora succeeds Tomasa “Tammy” H. Lipana after the latter completed her maximum term as an independent director.
About SM Investments Corporation
SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.
For more information, please visit www.sminvestments.com
For inquiries, please contact: smic_corpcomm@sminvestments.com
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