Suntrust Home Developers, Inc. announced that at its organizational meeting, approved the election of Alejo L. Villanueva, Jr. as Chairman of audit committee and Eugenio B. Reducindo and Ferdinand B. Masi as member of audit committee. The company shareholders also elected Alejo L. Villanueva, Jr. as chairman of corporate governance committee, Eugenio B. Reducindo and Dominic V. Isberto as member of corporate governance committee. The company shareholders also elected Eugenio B. Reducindo as chairman of Board Risk Committee, Alejo L. Villanueva, Jr. and Dominic V. Isberto as member of Board Risk Committee, and the company shareholders also elected Alejo L. Villanueva, Jr. as chairman of Related Party Transaction Committee, Eugenio B. Reducindo and Dominic V. Isberto as member of related party transaction committee.