San Miguel Corp., one of the Philippines’ largest and most diversified conglomerates, said on Thursday that Ferdinand K. Constantino, its long-serving Chief Financial Officer (CFO) and Treasurer, will step down from his current roles, effective February 1, 2024. However, Constantino will remain as an advisor to both the corporation and its Board of Directors.
In a filing with the Philippine Stock Exchange, San Miguel said its board approved the appointments of Bryan U. Villanueva as the new CFO and Joseph N. Pineda as Treasurer. Both executives are well-versed in the financial workings of SMC and its subsidiaries.
Constantino’s departure marks the end of a distinguished career at SMC, where he served in various roles, including board member from May 2010 to February 2018. He was also involved in several prominent companies, including Petron Malaysia, San Miguel Brewery, and Northern Cement Corp. His tenure has seen him contribute significantly to the company’s financial strategy, corporate governance, and business expansion. Constantino is an alumnus of the University of the Philippines.
Pineda, who has been with San Miguel since 2005, steps into the role of Treasurer after leading the company’s treasury operations for nearly two decades. His experience within SMC and its subsidiaries has prepared him to oversee the company’s growing financial operations. Pineda holds a degree in Economics from San Beda College and has completed corporate governance training in recent months.
Meanwhile, Villanueva, newly appointed CFO, brings over a decade of international experience in investment banking and finance. Prior to joining San Miguel, Villanueva worked at global financial institutions, including Standard Chartered Bank and Goldman Sachs. His expertise is expected to drive SMC’s financial strategies as it continues its expansive growth trajectory.
These leadership changes come as San Miguel continues to diversify its business interests and strengthen its financial foundation in an evolving economic landscape.
