At the meeting of the Board of Directors of PLDT Inc. held on January 30, 2024: The Board elected Mr. Rolando L. Macasaet as the representative director of the Social Security System in the Company?s Board, effective on January 30, 2024, and for the unexpired term of his predecessor in office, Judge Manuel L. Argel, Jr. (ret.). Mr. Rolando Ledesma Macasaet assumed the post as the President and Chief Executive Officer of the Social Security System (?SSS?) on January 5, 2023. As the highest Executive Officer in SSS, he oversees and supervises the general conduct of operations of the state pension fund and is responsible for carrying out the programs of the SSS.

He is also the concurrent Vice-Chairperson of the Social Security Commission (?SSC?), the governing board of the SSS. He is a member of the following SSC committees: Executive, Governance, Risk Management and Investments, and Information Technology and Coverage Collection. Aside from his present position, Mr. Macasaet is also a Director of Union Bank of the Philippines and is a member of the following committees: Executive, Trust, Corporate Governance, and Information Technology & Cybersecurity.

He also served as a Director of Philex Mining Corporation and was a member of its Audit Committee until December 31, 2023. Mr. Macasaet previously held the position of President and General Manager of the Government Service and Insurance System (?GSIS?) from 2019 to 2022, and Chairperson of the GSIS? Board of Trustees in 2018.

Prior to joining the SSS, Mr. Macasaet had extensive experience in public service as he served as President and CEO in several government-owned and controlled corporations (?GOCCs?) from 1988 to 2005, such as the Philippine National Construction Corporation, Dasmariñas Industrial Steel Corporation, Skyway Corporation, and Tierra Factors Corporation. Moreover, he has more than two decades of professional experience in financial servces, banking, and public-private partnerships. His work with the Philippine National Bank (?PNB?) included postings overseas as Vice President and General Manager in Los Angeles, California, USA and as Regional Vice President-ASEAN in Singapore.

His other stints in the banking sector included a two-year service as Corporate Account Manager at BMO Bank of Montreal, Vancouver, and President and Vice Chairman of the Philippine Postal Bank from 2005 to 2007. He also served as a Board Member of various companies such as San Miguel Corporation, Bank of Commerce, Private Infrastructure and Development Corporation, Bancard and PCI Bank, to name a few. He further served as Director of the Asian Infrastructure and Investment Bank (?AIIB?) in Beijing (China?s counterpart of the World Bank and Asian Development Bank).

Mr. Macasaet is an Outstanding Alumnus of the University of the Philippines and was recognized as an Atenean of the Year. He holds a Bachelor of Science in Business Economics, cum laude, from the University of the Philippines and has earned a Master of Business Administration degree (Honors Program) from the same university. He also finished an Executive Program in Finance at Columbia University in New York and has a Diploma in Management Development at Harvard Business School in Boston, Massachusetts.