The Board of Directors of the Philippine Bank of Communications, in its regular meeting held 31 May 2023, confirmed the approval of the Governance Committee on the following: Appointment of Mr. Ronald Paul D. San Diego as First Vice President and Chief Risk Officer under the Enterprise Risk Management Group, effective 31 July 2023; and Resignation of Mr. Jeruel N. Lobien, Senior Vice President and Chief Audit Executive, effective 1 June 2023.