PSE elects new board

The Philippine Stock Exchange Inc. (PSE) has welcomed three new directors to its 15-member board who were elected during the company’s annual stockholders’ meeting yesterday.

- By RICHMOND MERCURIO

Elected as new independent directors were Jikyeong Kang and Niek Johan van Veen, while Lorenzo Andres Roxas was named as new regular director.

Roxas, a longtime Philippine brokerage executive and former head of Maybank ATR Kim Eng Securities, replaced Wilson Sy, a regular director who opted out due to health reasons.

Kang and Van Veen, meanwhile, replaced Vicente Panlilio, who has reached his ninth year, and Jose Pardo, a former independent director who has been moved to a regular director representing other market participants.

Pardo also remains as PSE chairman.