The Board of Directors of Lopez Holdings Corporation in a meeting held on March 15, 2018 elected Ambassador Lilia R. Bautista as independent director to serve the unexpired portion of the term of the late Mr. Washington Z. SyCip. Amb. Bautista has also been appointed as the Chairman of the Corporate Governance Committee and a member of both the Audit Committee and the Board Risk Oversight Committee. Amb. Bautista is presently the Dean of the College of Law of the Jose Rizal University, and is an independent director of both the Rizal Commercial Banking Corporation and RFM Corporation.