Asian Terminals, Inc. advised that effective November 25, 2021, Mr. Andrew R. Hoad has stepped down as director of Asian Terminals, Inc. (ATI) and as member of its Executive and Compensation Committees, to assume another position overseas. In the meeting held November 25, 2021, the Board elected as director, Mr. William Wassaf Khoury Abreu, ATI's Executive Vice President (EVP). The Board also appointed him to the committees vacated by Mr. Hoad to serve the latter's unexpired term. Effective also November 25, 2021, Mr. Khoury shall cease to be EVP. Mr. William Wassaf Khoury Abreu, 43, a national of Dominican Republic. He is the Executive Vice President since 2018.
Asian Terminals, Inc. is a Philippines-based company that provides general services with respect to the operation and management of port terminals. The Company operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City. The container terminal division handles stevedoring, arrastre, warehousing, storage, cranage, container freight station and other port-related services for international cargoes. Its inland clearance depot and empty container depot (Laguna) is a customs bonded facility that provides storage, trucking, just-in-time delivery, brokerage and maintenance and repair services for its clients. The Company, through its subsidiary, ATI Batangas, Inc., is the sole cargo handling contractor operating at the Port of Batangas. It operates and manages the Batangas Supply Base within the Port of Batangas under a contract with Shell Philippines Exploration B.V. The Company is developing a barge terminal in Tanza, Cavite, to cater to PEZA cargoes.
ASIAN TERMINALS, INC. 
