The Board of AbaCore Capital Holdings, Inc. at its meeting held on January 30, 2017, approved the appointment of Raul B. De Mesa as Chairman of the Board, Arturo V. Magtibay as Executive Vice President and COO and Leonardo S. Gayao as vice chairman of the board. The company also announced the promotion to Regina O. Reyes from President and COO to President and CEO and Vicente Rafael l. Rosales from Assistant Corp. Secretary to Assistant Vice President/Corporate Secretary.

In addition, the company announced the resignation of Joaquin E. San Diego as Corporate Secretary and Leonardo S. Gayao as Chairman of the Board effective January 30, 2017.