SSC appoints nominee to FPH board
The Social Security Commission has named commissioner Victor Limlingan as its nominee for election to the board of the Lopez Group’s First Philippine Holdings Corp. (FPH).
Manila, Philippines — The Social Security Commission (SSC) has appointed Victor Limlingan as the nominee to serve on the board of First Philippine Holdings Corp. (FPH), a subsidiary of the Lopez Group. Limlingan assumes this role to fill the vacancy left by the recent departure of commissioner Diana Pardo-Aguilar. The Social Security Commission's board seat reshuffle led to this decision.
FPH expressed that they will deliberate on Limlingan's nomination during their upcoming board meeting. Appointed as an SSC member in November 2024, representing the employers' group, Limlingan boasts a background in finance, investment, public service, and entrepreneurship. His responsibilities within the Social Security System entail policymaking, policy direction, and overseeing management actions.
As part of the Lopez Group, FPH is involved in various sectors, including power generation, energy solutions, and real estate, among others. Notably, in a recent board meeting, FPH approved the resumption of its common share buyback program, set to commence on October 1, 2026, and conclude on September 30, 2028, with an allocation of P5 billion.
FPH's president and chief operating officer, Francis Giles Puno, commented that, considering the shares' undervaluation, the company believes that continuing the buyback program is the most advantageous path forward.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
