Max's Group, Inc. announced that Mr. Jose Victor P. Paterno tendered his resignation as Independent Director effective July 15, 2022 is due to personal reasons. During the meeting of the board of directors on July 29, 2022, pursuant to Section 6 of Article III of the company's By-laws, the remaining members of the board of directors, constituting a quorum, elected Mr. Christopher P. Tanco as an Independent Director of the company effective July 29, 2022. Mr. Tanco is also elected as Chairman of the Corporate Governance Committee to replace Mr. Paterno.
Mr. Tanco has been pre-screened by the company's Corporate Governance Committee. He has previously served as Independent Director of the Company for the period 2014-2018. Mr. Tanco also serves as Independent Director of Planet Fitness since February 2021; AdvisorBoard of Director of Urban Air Adventure Parks since April 2018, Board of Director of 7 - Eleven International since January 2020 and Board of Director of 7 - Eleven Mexico since April 2022.
He is also Founder and CEO of Tanco Advisory Group LLC since May 2022.
Maxâs Group, Inc. is a Philippines-based company, which is primarily engaged in the business of catering food and establishing, operating and maintaining restaurants, coffee shops, refreshments parlors and cocktail lounges. The Companyâs primary purpose also includes dealing in the business of acquiring and developing any and all trade names, brand names and master franchises, including other intellectual property rights necessary to commence and operate the relevant business enterprises, as well as to grant the use of such trade names, brand names and master franchises for and in consideration of the payment of fees and royalties, and in connection therewith, establish management services for the expansion of the business enterprises. The Company operates under the trade names Maxâs or Maxâs Restaurant, Pancake House, Yellow Cab, Krispy Kreme, Jamba Juice, Maxâs Corner Bakeshop, Dencioâs, Maxâs Kabisera, Teriyaki Boy, Singkit, Sizzlinâ Steak, Le Coeur de France, and Maple.
MAX'S GROUP, INC. 
