SMC chair's daughter appointed PSE non-broker director

Cecille Ang, daughter of San Miguel Corp. (SMC) chair and CEO Ramon S. Ang, has been appointed as a non-broker director representing investors in the Philippine Stock Exchange (PSE), nominated by the San Miguel Corporation Retirement Plan.

She will succeed Ferdinand Constantino, who resigned effective November 27.

Ang holds a vice president role at New Naia Infrastructure Corp., leads the Diamond Hotel, and heads the San Miguel Foundation.

Her appointment brings extensive experience in business development to the PSE board, given SMC's significant presence across various key sectors.

Former Transportation Secretary and Philippine Airlines chief Jaime Bautista was also voted independent director, succeeding Andrew Jerome Gan who resigned on November 5.

The PSE reported a consolidated net income of P738.814 million for the period ending September, with operating revenues growing 92.22% to P2.005 billion, while total expenses climbed 71.92% to P1.06 billion.