At the Organizational Meeting of the Board of Directors of the Company held on 13 August 2020 immediately after the Annual Meeting of Stockholders, upon nominations duly made the election of Alfredo C. Ramos as Chairman and President, Reynaldo e. Nazarea as Treasurer and vice president for administration, Alessandro O. Sales as Vice president for exploration & production, Dennis V. Panganiban as AVP for exploration & production, Isabelita l. Matela as asst. Vice-president for finance, Adrian S. Arias as Corporate secretary and Josephine l. Ilas as Assistant corporate secretary. In accordance with the Revised Code of Corporate Governance for PLCs, the Board also designated the following Committee chairman and Members. Corporate Governance & Nominations Committee; Chairman: NICASIO I. ALCANTARA, Independent Director, Members: HONORIO A. POBLADOR III, Independent Director, ALFREDO C. RAMOS, Director, CHRISTOPHER M. GOTANCO, Director, GERARD ANTON S. RAMOS, Director. Compensation & Remuneration Committee; Chairman: NICASIO I. ALCANTARA, Independent Director, Members: HONORIO A. POBLADOR III, Independent Director, ALFREDO C. RAMOS, Director, REYNALDO E. NAZAREA, Director. Audit Committee; Chairman: HONORIO A. POBLADOR III, Independent Director, Members: NICASIO I. ALCANTARA, Independent Director, ADRIAN PAULINO S. RAMOS, Director, CHRISTOPHER M. GOTANCO, Director.