JG Summit Holdings, Inc. Announces Management Changes
April 25, 2018 at 07:30 pm EDT
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JG Summit Holdings, Inc. Announced election of Cornelio S. Mapa, Jr. as Senior Vice President, Corporate Strategy for Consumer Businesses and Michael P. Liwanag as Vice President, Investor Relations. The company also announced change in positions of James L. Go has been changed from Chairman and chief executive officer to Chairman, Lance Y. Gokongwei from president and chef executive officer to president and chief executive officers and position of Bach Johann M. Sebastian has been changed from senior vice president and chef strategist to senior vice president, corporate strategy for digital, growth businesses and core investments. Date of approval is April 25, 2018 and effective is May 14, 2018.
JG Summit Holdings, Inc. is a holding company for a group of companies with substantial business interests in branded consumer foods, agro-industrial and commodity food products, real estate and hotel, air transportation, banking and financial services, and petrochemicals. It also has core investments in telecommunications and power generation and distribution. The Foods, Agro-Industrial and Commodities businesses segment is engaged in manufacturing and distribution of a diverse mix of salty snacks, chocolates, candies, biscuits, bakery products, beverages and others. The Air Transportation segment include air transport services, both domestic and international, for passengers and cargos, and line and light maintenance services. The Petrochemicals segment is a manufacturer of polyethylene (PE), polypropylene (PP), polymer grade ethylene, polymer grade propylene, partially hydrogenated pyrolysis gasoline, pyrolysis fuel oil, aromatics, butadiene and liquefied petroleum gas (LPG).