Converge ICT Solutions Inc. (PSE: CNVRG) has officially accepted the resignation of Atty. Francis Ed. Lim from its board of directors, effective 9 June 2025, following his appointment as chairman of the Securities and Exchange Commission (SEC) by President Ferdinand R. Marcos Jr.
Converge chairman Jose de Jesus expressed deep appreciation for Lim’s guidance since joining the Board in 2020, noting his role in reinforcing the company’s governance during its early days as a publicly-listed firm. “We are truly grateful to Director Francis for his steadfast guidance… particularly during our early days as a publicly-listed company,” said de Jesus.
Lim’s departure was framed as a move to answer a higher national calling. Converge president Maria Grace Uy lauded his influence in strengthening corporate governance, transparency, and risk oversight, while CEO Dennis Anthony Uy emphasized Lim’s contributions in navigating pandemic challenges and positioning Converge for growth.
“We are elated that he will now serve the government through the SEC. His leadership promises to drive capital market development and investor confidence,” said Dennis Uy.
In his resignation letter, Lim thanked Converge’s stockholders and leadership, calling his service “an honor and privilege.” A seasoned figure in the Philippine corporate sector, Lim previously served as president and CEO of the Philippine Stock Exchange and held multiple regulatory and judicial advisory roles.
The Converge Board Nominations Committee is reviewing candidates to fill the vacant seat, pursuant to Section 28 of the Revised Corporation Code. A new director will be elected by the Board to serve the remainder of Lim’s term.
