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Jose Rene Almendras

Director of the Company since March 30, 2009 and became the President also on March 30, 2009. He joined the Company on January 1, 2007 as a Group Director for Business. He was previously connected with Ayala Land, Inc. as a member of the Management Committee and concurrently Head of the Visayas Mindanao Business and Operations Transformation Group.  He was President and CEO of Cebu Holdings, Inc. and Cebu Property Ventures and Development Corp., both publicly listed companies managed by the Ayala Land Group.  He served as Chairman of the Ayala Land Group Bidding Committee and head of its Strategic Procurement Division.

Prior to joining the Ayala Group, Mr. Almendras served as Treasurer for both Aboitiz & Company, and the publicly listed Aboitiz Equity Ventures. While at the Aboitiz Group, he was appointed President and CEO of City Savings Bank, also owned by the Aboitiz Group. Mr. Almendras also worked in various capacities with Citytrust Banking Corporation, Citibank, and the Bank of the Philippine Islands. Mr. Almendras obtained his Business Management degree from the Ateneo de Manila University and completed the Strategic Business Economics Program in the University of Asia and the Paci

He was appointed Secretary for Department of Energy by President Benigno Aquino III.

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