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Manila Bulletin devider Business devider The Stock Market devider Ramon Ang's daughter takes top finance role at SMFB

Ramon Ang's daughter takes top finance role at SMFB

Published Feb 5, 2025 07:36 am

San Miguel Food and Beverage Inc. (SMFB) has replaced its long-time president, Francisco S. Alejo III, as chief operating officer (COO) with Emmanuel B. Macalalag effective Feb. 5, 2025.

In a disclosure to the Philippine stock Exchange (PSE), the firm said Alejo, COO for SMFB’s food business, has been replaced due to parent company San Miguel Corporation’s management reorganization.

This comes after SMFB subsidiary Ginebra San Miguel Inc. disclosed to the PSE last week that Alejo has resigned as director and member of the Audit and Risk Oversight Committee and the Executive Committee effective Jan. 31, 2025 due to “personal reasons.”

Also replaced under the management reorganization is SMFB chief finance officer and chief strategy officer Ildefonso B. Alindogan with Monica L. Ang-Mercado taking over as CFO effective immediately.

Alejo has held the position of SMFB president since May 20, 2005. He has been a director of the company since May 22, 2001 and a member of the Company’s Executive Committee since April 25, 2002.

Macalalag, on other hand, was the COO for Spirits of SMFB ang general manager of Ginebra San Miguel. He recently resigned as senior vice president of Ginebra to take his position with SMFB.

The daughter of SMC Chairman and CEO Ramon S. Ang, Ang-Mercado is a director of the SMC board and is currently the chairman at Buildnet Construction Inc., director at Premier Capital Venture Corp., director at Q-Tech Alliance Holdings Inc., COO, treasurer and director at Eagle Cement Corp., director at KB Space Holdings Inc., director at A5 Wagyu, Inc., director at San Miguel Food & Beverage Inc., treasurer and director at Solid North Mineral Corp., and CFO and treasurer at South Western Cement Corp.

Related Tags

Ramon S. Ang Francisco Alejo III Ginebra San Miguel Inc. San Miguel Food and Beverage Inc. Monica L. Ang-Mercado
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