Boutique property developer Italpinas Development Corp. has appointed Alfonso L. Salcedo and Melchor C. Guerrero as independent directors, effective immediately. Salcedo, former president and CEO of Security Bank, and Guerrero, an expert in capital markets, replace Emeraldo C. Magnaye and Rafael A. Dominguez, who resigned due to health reasons and business ventures, respectively.
CEO Romolo V. Nati and president Jose D. Leviste III expressed confidence in the new directors’ leadership, noting their impressive track records in finance and business. Salcedo’s extensive banking experience and Guerrero’s expertise in financial markets are expected to enhance the company’s strategic direction as it looks to strengthen its growth and sustainability.
Salcedo’s past roles include leadership positions at Bank of the Philippine Islands, while Guerrero has overseen multiple successful stock exchange listings. Their appointments reflect Italpinas’ commitment to driving long-term value and accelerating its growth in the property development sector.
