MRC Allied, Inc. Approves Board and Committee Changes
October 01, 2018 at 01:39 am EDT
Share
MRC Allied, Inc. at its board meeting held on 1 October 2018, accepted the resignation of Ms. Edita S. Bueno as Independent Director of the Board of Directors and appointed Mr. Gopal Sham Daswani in lieu of the resignation of Ms. Bueno. Mr. Daswani is a entrepreneur, investment manager and a philanthropist. The board also approved appointment of Jimmy T. Yaokasin, Chairman of the Board as Chairperson of Governance Committee and Bernardo G. Galang, Independent Director, Gopal Sham Daswani, Independent Director and Atty. Margareth P. Reyes-Mendoza, Secretariat as members of Governance Committee. Gopal Sham Daswani, Independent Director as Chairperson of Audit Committee and Bernardo G. Galang, Independent Director, Bernard B. Rabanzo, Director and Elaine B. Nicolasora, Secretariat as members of Audit Committee. Bernardo G. Galang, Independent Director as Chairperson of Risk Oversight Committee and Atty. Gladys N. Nalda, President & CEO, Gopal Sham Daswani, Independent Director and Elaine B. Nicolasora, Secretariat as members of Risk Oversight Committee, Bernard B.Rabanzo, Director as Chairperson of Nominations and Remuneration Committee and Atty. Gladys N. Nalda, President & CEO, Jimmy T. Yaokasin, Chairman of the Board and Elaine B. Nicolasora, Secretariat as members of Nominations and Remuneration Committee. The board also approved appointment of Atty. Gladys N.Nalda,President & CEO as Chairperson of Executive Committee and Jimmy T. Yaokasin, Chairman of the Board Celia Chao, Director, Bernard B. Rabanzo, Chief Admin & Finance Officer, Al Joseph C. De Guzman, Chief Operations Officer, Maria May P.Militante, Chief BDU Officer and Atty. Margareth P. Reyes-Mendoza, Chief Legal & Compliance Officer/Secretariat as members of Executive Committee of the company.
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. 
