During its regular meeting, the Board of Directors of Aboitiz Power Corporation approved the appointment of Mr. Cesar G. Romero as Independent Director of AboitizPower effective October 1, 2022. Mr. Romero was also appointed as the Chairman of the Environment Social and Corporate Governance (ESCG) Committee, and member of the Company's Audit, Risk and Reputation Management, and Related Party Transactions (RPT) Committees. Mr. Eric O. Recto, Independent Director and Vice Chairman of the Board of Directors of the Company, was also appointed as the Lead Independent Director.

Mr. Romero, 57, Filipino, is currently an Independent Director of Aboitiz Equity Ventures Inc. and Robinsons Retail Holdings Inc. He previously served as the President and Chief Executive Officer of Pilipinas Shell Petroleum Corporation (Shell Philippines), a publicly-listed company, from November 1, 2016 to November 30, 2021. For more than three decades, Mr. Romero served in various capacities in the Shell Group of companies, both local and international. He was formerly Vice President - Global Retail Network from 2013 to 2018 responsible for the management and capital investment associated with the Global Retail business' physical assets worldwide.

This includes network planning, real estate, petrol station construction, facilities maintenance, soil and groundwater services, HSSE, and Continuous Improvement. He was Vice President of Retail Sales and Operations East (covering Southeast Asia, South Asia, and China) from September 2009 to July 2013. He was Vice President for Supply ­ East based in Singapore from July 2007 to July 2009, and Vice President for Downstream Management Consultancy based in London which he held concurrently with the role of Business Assistant to the Executive Director for Shell's Global Downstream Business.

In 1995, he was posted to Shell Centre, London to work in Shell's Scenario Planning Team, and later in the Strategy and Portfolio Team of the East/Asian Regional Office. Immediately, prior to coming to the UK a second time, he was the General Manager for Retail for Shell Philippines & North Pacific Cluster. He joined Shell Philippines in 1987 as a Refinery Engineer and has had assignments in Supply Planning, Strategy, and Lubricants.

Mr. Romero was a member of the Shell Global Retail Leadership team. Mr. Romero holds a Bachelor of Science in Mechanical Engineering (Cum Laude) from the University of the Philippines, and a Masters Degree in Business Administration (with High Distinction) from the University of Michigan. He has also attended a variety of management development courses at the London Business School and the Wharton Business School.