MRC Allied, Inc. announced that at the meeting of the Board of Directors of the company held on April 2, 2019, the Board of Directors approved the re-organization of the composition of the Audit Committee & the Executive Committee of the Board as, Audit Committee: Chairperson: Gopal Sham Daswani, Independent Director; Members: Bernardo B. Galang, Independent Director, Alma F. Buntua, Director, Elaine B. Nicolasora, Secretariat; Executive Committee: Chairperson: Augusto M. Cosio, Jr.,President & CEO; Members: James G. Velasquez, Director; Bernard B. Rabanzo, Director/Chief Admin & Finance Officer; Al Joseph C. De Guzman, Chief Operations Officer; Maria May P.Militante, Chief BDU Officer; Atty. Johnston R. Brusola, Chief Legal & Compliance Officer/Secretariat.
MRC Allied, Inc. is a Philippines-based holding company. The Company, through Menlo Renewable Energy Corporation (MREN), operates 550 kilowatt-power (kWp) solar photovoltaic (PV) rooftop systems for a rice milling plant in Northern Luzon. It has a 15% ownership in Sulu Electric Power and Light (Philippines) Inc., which owns and operates a 50-megawatt solar project located in Palo, Leyte. The principal asset of the Company consists of two land banks. The first is a 160-hectare industrial estate in Naga City, Cebu and the second consists of 700 hectares of raw land in San Isidro Municipality, Leyte, known as Amihan Woodlands Township (AWT). Located thirty-five (35) kilometers away from the Mactan International Airport, the industrial estate in Naga City, known as the New Cebu Township One (NCTO). The Company's subsidiaries include MRC Tampakan Mining Corporation (MRC Tampakan), MRC Surigao Mines, Inc. (MRC Surigao) and Makrubber Corporation (Makrubber).
MRC ALLIED, INC. 
