Vallacar Transit Inc. elects new board

Published December 9, 2019, 12:00 AM

by manilabulletin_admin

The stockholders of Vallacar Transit Inc. (VTI), the country’s largest bus transport company, held their annual stockholders’ meeting on December 7, 2019 where they elected their board of directors, who subsequently re-appointed Leo Rey V. Yanson as the president of the company.

Under the company’s by-laws, the annual stockholders’ meeting should be held every first Saturday of December at its principal office in Bacolod City.

Pursuant to the by-laws, the company’s stockholders led by co-founder and matriarch Olivia V. Yanson held the annual stockholders meeting at the company’s principal office at Ceres compound, Barangay Mansilingan in Bacolod City.

The stockholders elected matriarch Olivia V. Yanson, Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Arvin John Villaruel, Anita G. Chua and Daniel Nicolas Golez as members of the board of directors.

The elected directors will serve for one year until December 2020, or until their successors have been duly elected and qualified.

Following the election of the directors, the board held an organizational meeting and re-appointed Leo Rey Yanson as the president of the company and Olivia V. Yanson as treasurer and corporate secretary.
The stockholders also ratified the acts of the board of directors led by Leo Rey V. Yanson.

VTI is the largest subsidiary of the Yanson Group of Bus Companies and is the company behind Ceres Liner and Sugbo Transit.

It has 15 bases of operations in the cities of Bacolod, Iloilo, Dumaguete, Cebu, Cagayan De Oro, Butuan, Davao, Pagadian, Dipolog, Bohol and Batangas.