Roxas Holdings, Inc. advised that Chief Executive Officer of Roxas Holdings, Inc. Mr. Hubert D. Tubio, has announced his intention to retire from his position effective October 31, 2020, which the RHI Board of Directors accepted at a meeting held. Upon the effectivity of the retirement of Mr. Tubio, the Board of Directors has designated Mr. Celso T. Dimarucut as Officer-in-Charge of the Company, including those of the Company's subsidiaries, until such time as the replacement of Mr. Tubio has been duly appointed by the Board of Directors. Mr. Dimarucut is currently the Executive Vice President and Chief Finance Officer of RHI. The process of nomination and selection for a suitable candidate to the position shall be initiated, subject to the compliance with the nomination and election process for RHI's executive officers under its Manual on Corporate Governance.
Roxas Holdings, Inc. is a Philippines-based sugar and energy company. The Company is engaged in the integrated sugar business and ethanol production in the Philippines. The Company operates through two segments: Sugar and Alcohol. Its Sugar segment consists of two operating subsidiaries: Central Azucarera Don Pedro, Inc. (CADPI) and RHI Agri-Business Development Corporation (RABDC), which manufactures and sells raw and refined sugar, molasses and provides tolling and farm operations services. CADPI also manages and operates agricultural land and the planting and cultivation of sugar cane and other farm products. The Alcohol segment consists of one operating subsidiary, San Carlos Bioenergy, Inc. (SCBI), which manufactures and sells bioethanol fuel. SCBI operates an integrated sugar mill and bioethanol distillery complex.
ROXAS HOLDINGS, INC. 