SM Prime Holdings, Inc. Names Amando M. Tetangco, Jr., Darlene Marie B. Berberabe, and J. Carlos G. Cruz as Independent Directors
April 20, 2021 at 07:28 pm EDT
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SM Prime Holdings, Inc. announced its three new Board of Directors for the year 2021-2022. In the company's Annual Stockholder's Meeting, which was held virtually, SM Prime named Mr. Amando M. Tetangco, Jr., Ms. Darlene Marie B. Berberabe, and Mr. J. Carlos G. Cruz as newly-elected Independent Directors taking over the positions of the three outgoing Independent Directors, Mr. Jose L. Cuisia, Jr., Mr. Gregorio U. Kilayko and Mr. Joselito H. Sibayan. Mr. Tetangco, Jr., has been appointed as SM Prime's new Vice-Chairman and Lead Independent Director of the Board. He is currently the Independent Director of Belle Corporation. Ms. Berberabe, who was appointed by the President of the Republic of the Philippines as the CEO of Pag-IBIG Fund in 2010, currently holds directorates in Palm Concepcion Power Corporation, PA Alvarez, Katapult Digital Corp. and is also a member of the Board of Trustees of Philippine Heart Association and UP Law Alumni Foundation. Mr. Cruz is currently an independent director of Transnational Diversified Group, Inc., Federal Land, Inc. and Solar Philippines Power Project Holdings, Inc.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 82 malls in and outside Metro Manila and eight shopping malls in China, totaling 10.5 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of 19,919 tenants and 1,952 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto.
SM PRIME HOLDINGS, INC. 
