The Philippine Stock Exchange, Inc (PSE) is set to elect its new President and Chief Executive Officer (CEO) in its upcoming annual stockholders’ meeting.
Incumbent PSE President and CEO Hans B. Sicat will end his tenure as head of the bourse in May after leading the stock exchange for six years.
PSE Chairman Jose T. Prado lauded the invaluable contributions made by Sicat to the growth of the PSE and the development of the Philippine capital markets.
“The PSE has been fortunate to have Sicat lead the organization for the past years. The exchange has accomplished many major milestones under his leadership as president of the PSE, including recognition in both local and global scene for the various products, services, and programs the company introduced during this period,” Pardo said.
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Among the programs that ere introduced under Sicat’s term as President and CEO were the extension of trading hours, the establishment of the Capital Markets Integrity Corporation, growth in online investors and listed companies, and the introduction of new products in the exchange.
Sicat was named President and CEO in January 2011.
“I am truly honored and extremely grateful to have been given the opportunity to head the PSE in the past six years. I look forward to reaching new milestones in the coming years,” Sicat said.
Current PSE independent director Ramon S. Monzon, who also heads the PSE Audit Committee, has been nominated to replace Sicat for the top post.
Monzon has been with the Philippine Stock Exchange as independent director since May 2015 and also serves as director to the Philippine Dealings System Holdings Corporation and its subsidiaries.
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“The PSE is set to have an equally distinguished and accomplished leader in Monzon. His extensive experience in various fields will certainly contribute to his management of the exchange,” Pardo said. – BusinessNewsAsia.com