Filinvest Development Corp., the investment holding company of the Gotianun Group, said Wednesday that its board approved the appointment of Ysmael Baysa as the company’s chief operating officer.
FDC said its board also approved the appointment of Daniel Ang Tan Chai as chief investment officer and senior vice president. Ang Tan Chai is FDC’s former deputy chief finance officer.
Baysa, named FINEX chief financial officer of the year in 2010, retired in April last year a CFO and compliance officer of Jollibee Foods Corp. after two decades with the country’s largest fastfood chain. Prior to his stint with Jollibee, Baysa worked with Procter & Gamble.
“We are pleased to have Mr. Baysa join FDC as our new Chief Operating Officer. His leadership skills will be invaluable in driving our strategic investments, ensuring operational excellence at the parent company and across our diverse holdings. He will also play a vital role in guiding our corporate governance and sustainability initiatives,” said Josephine Gotianun Yap, FDC president and chief executive officer.
In his new role as COO, Baysa will be responsible for overseeing FDC’s day-to-day operations, implementing strategic initiatives, and driving the company’s growth agenda. With his proven track record and deep industry knowledge, he is poised to contribute significantly to FDC’s continued growth Ang Tan Chai was executive vice-president and chief finance officer of Philippine Bank of Communications before joining FDC. He also served as senior vice president and CFO of Philippine Airlines, and Air Philippines Express.
