Makati Finance Corporation at its board meeting held on January 23, 2024 announced that the Board elected Ms. Carmen Therese L. Benitez as Director, subject to her qualification, to serve the unexpired portion of the term of Mr. Benitez. Ms. Carmen Therese L. Benitez, 24, Filipino, is working as a Forward Deployed Software Engineer at Palantir Technologies in New York City, USA. Prior to Palantir, she excelled as a Software Engineering Intern at Bloomberg LP, contributing to the accessibility of the Bloomberg terminal, and as a Student Training in Engineering Program (STEP) Intern at Google, where she developed web applications and optimized testing processes.

She holds a B.S. in Computer Science/Math with High Distinction from Harvey Mudd College and possesses strong programming skills in Java, Python, C++, JavaScript, TypeScript, NodeJS, ReactJS, and Spark. The Board formally accepted the resignation of Mr. Eric B. Benitez as a Director of the Corporation effective 23 January 2024. Mr. Eric B. Benitez resigned as part of the Benitez family's succession policies consistent with good corporate governance.

Ms. Carmen Therese L. Benitez is the niece of Mr. Eric B. Benitez.