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Clark operator installs new officials

Posted on December 21, 2012 07:06:08 PM [ BusinessWorld Online ]
NEW SENIOR officials have been appointed for Clark Development Corp. after the exit of its former chairman, who was also president and chief executive officer, for a post at the Department of Transportation and Communication, a statement from the company Web site said on Friday.
Eliseo B. Santiago and Arthur P. Tugade were appointed as top officials of the firm in its Dec. 18 board of directors meeting.
Mr. Santiago, a former executive at Pilipinas Shell Petroleum Corp., will be replacing Eduardo S. L. Oban, Jr. as chairman, president and CEO.
He will be overseeing the foreign retail operations of the state-run firm.
Mr. Oban, a former Armed Forces chief of staff, has been appointed undersecretary for operations at the Transportation department.
The firm’s new president and chief executive is Mr. Tugade who previously served as an executive and founder of Perry’s Holding Corp. and Perry Group of Companies.
Other officials appointed during the meeting include director Cresencio P. Aquino, managing partner of the CP Aquino and Partners Law Office. -- ENJD      
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