SBS Philippines Corporation announced changes in directors and officers and their appointment in Board Committees. The company announced the resignations of Mr. Rosaleo M. Montenegro, independent director, chairman of the corporate governance, nomination and remuneration committee and member of the audit, risk management and related party transaction committee, due to other commitments and heavier responsibilites as a senior executive in other businesses with effect on October 9, 2017 and Ms. Victorina B. Ladringan; executive director, EVP & Chief Investments Officer and as a member of the corporate governance, nomination and remuneration committee and the audit, risk management and related party transaction committee, due to assignment and secondment to the company's subsidiary, SBS Holdings and Enterprises Corporation, as President thereof with effect on October 9, 2017; election of Mr. Roberto F. Anonas, Jr, and Ms. Yvonne C. Lih as new independent Directors of the company effective October 9, 2017 to fill the vacancies in the Board as a result of the resignations of Mr. Montenegro and Ms. Ladringnan; appointment of Mr. Roberto F. Anonas, Jr. as Chairman of the Corporate Governance, Nomination and Remuneration Committee and as a member of the Audit, Risk Management and Related Party Transaction Committee, with effect on October 9, 2017; and appointment of Ms. Yvonne C. Lih as Lead Independent Director and as Board Committee member of the Audit, Risk Management and Related Party Transaction Committee as well as the Corporate Governance, Nomination and Remunration Committee, with effect on October 9, 2017; Change in the designation of the Board Committee appointment of Mr. Ricardo Nicanor N Jacinto, a non-executive director, in the Corporate Governance, Nomination and Remuneration Committee from a regular member thereof to an ex-officio member of the committee. Mr. Roberto F. Anonas, Jr. is currently a member of the faculty of the University of Asia and the Pacific, School of Management as lecturer in Finance and management mentor/coach in the Entrerpreneurial Management Program. He is also a director of Pentarch Stalwark Builders Inc. and an independent director of Macay Holdings Inc. Ms. Yvonne C. Lih was previously Chief Marketing Officer for Habitat for Humanity International, Senior Vice President, Property Sales and Leases Division of the Bank of the Philippines Islands and BPI Family Savings Bank, and Vice President, Centralized Operations Group of Citytrust Banking Corporation.