By Bernie Cahiles-Magkilat
The Mindanao Star Bus Transport, Inc., sister company of Vallacar Transit, Inc., the country’s largest bus transport company, elected their board of directors, who subsequently re-appointed Leo Rey V. Yanson as the president of the company during their annual stockholders’ meeting on Saturday, January 18.
In a statement, the company said that under its By-Laws, the Annual Stockholders’ Meeting should be held every third Saturday of January at its principal office. Pursuant thereto, the company’s stockholders held its annual stockholders meeting at its principal office at Bulua, Cagayan de Oro. The stockholders elected Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Arvin John Villaruel and Rey C. Ardo as members of the board of directors.
The elected directors shall serve for one year until January 2021, or until their successors shall have been duly elected and qualified.
The meeting was presided over by its Chairman and President Leo Rey Yanson, with Yanson matriarch Olivia V. Yanson as corporate secretary and treasurer.
Following the election of the directors, the board held an organizational meeting and re-appointed Leo Rey Yanson as the President and CEO of the company and Yanson matriarch Olivia V. Yanson as treasurer and corporate secretary, the statement added.
The stockholders also ratified the acts of the board of directors of Leo Rey V. Yanson.
Mindanao Star Bus Transport, Inc. is part of the Yanson Group of Bus Companies which operate all throughout the Philippines including in the cities of Bacolod, Iloilo, Dumaguete, Cebu, Cagayan de Oro, Butuan, Davao, Pagadian, Dipolog, Bohol and Batangas.