Shell Pilipinas Corp., the local unit of global energy giant Shell, announced that its board has approved a new policy—effective January 1—requiring key officers, including its president and CEO, to own a minimum of 100,000 company shares.
The company said the policy aims to align management’s interests with shareholders, promote long-term success, and incentivize performance. Officers must build up the required holdings over successive years at their own cost and maintain them during their tenure and for a year after stepping down.
The initial share purchases are expected around mid-May 2026, at least two trading days after the disclosure of first-quarter 2026 results. Appropriate disclosures will be made as each officer acquires shares, it added.
Aside from the president and CEO, those covered by the policy include the vice president for finance, treasurer and chief risk officer; vice president for mobility and convenience; chief compliance officer; vice president for supply and distribution; vice president for external and government relations; vice president for human resources; vice president for lubricants; vice president for wholesale commercial fuels; and the corporate audit and assurance manager.
Shell Pilipinas also announced the appointment of Rafidah Jumal as a new Non-Executive Director and member of the Board Audit and Risk Oversight and Sustainability Committees, effective December 1. Jumal replaces Stuart Chaplin, who has stepped down from the board.
