Manila Water Company: Executive Officers

Executive Officers

From Left to Right > Jose Rene D. Almendras Business Group Director, Sherisa P. Nuesa Chief Finance Officer & Treasurer, Virgilio C. Rivera Jr. Regulation and Corporate Development Group Director, Antonino T. Aquino President, Ruel T. Maranan Human Resource and Corporate Services Group Director, Geodino V. Carpio Project Delivery Group Director, Frank Beaumont Operations Group Director

Antonino T. Aquino

President, Filipino

Director of the Company since April 24, 1998. Mr. Aquino joined the Company as Group Director for Corporate Affairs and was appointed President in January 1999. He has been with the Ayala Group in various capacities for the past 22 years and now holds the position of Managing Director.

He was President of the Ayala Property Management Corporation from 1990 to1998 and senior vice president of Ayala Land, Inc. from 1989 to 1998.He was also a Business Unit Manager at IBM Philippines Inc. from 1968-1980.

He is also a member of various organizations, including Makati Fire Safety Authority, Management Association of the Philippines, Inc., Christian Family Movement, and Makati Environment Foundation, Inc. Mr. Aquino holds a degree in Bachelor of Science, major in Management, and completed his academic units for the masteral degree in Business Management at the Ateneo de Manila University.

Sherisa P. Nuesa

Chief Finance Officer and Treasurer, Filipino

Ms. Nuesa has served in various capacities in Ayala Corporation and its real estate subsidiary, Ayala Land, Inc., for over 20 years. She was a member of the Ayala Land Management Committee from 1988 to 1999. She served as Ayala Land Vice President and Group Comptroller from 1988 to 1996, and then moved on as Group Head for Commercial Centers, from 1996 to 1999. During this period, she was concurrently President of Ayala Theaters Management Inc. and served as a member of the Boards of Directors of several ALI subsidiaries, among them Cebu Holdings, Makati Development Corporation, Alabang Commercial Corporation and Ayala Hotels, Inc.

She was also the National Director for the Philippines in the International Council for Shopping Centers from 1997 to March 1999. Ms. Nuesa attended the Advanced Management Program of the Harvard Business School in the US in June 1999, and earned MBA academic units from the Ateneo Graduate School in Manila. She also attended the Financial Management Program of the Stanford University in 1991. A Certified Public Accountant, she holds a degree in Bachelor of Science in Commerce (Summa cum Laude, 1974) from the Far Eastern University.

Jose Rene D. Almendras

Group Director, Business Group, Filipino

Mr. Almendras joined the company on January 1, 2007. He was previously connected with Ayala Land Inc. as a member of the Management Committee and concurrently as Group Head of the Visayas Mindanao Business Group and the Operations Transformation Group. He was also President and CEO of Cebu Holdings Inc and Cebu Property Ventures and Development Corp., both publicly listed companies managed by the Ayala Land Group. As group head of Operations Transformation, he was responsible for Technology, Change, and Knowledge Management. Concurrently he was Chairman of the Ayala Land group Bidding Committee and set up the Strategic Procurement Division which was also reporting to him. He served as a Director in Avida Properties, Cebu Insular Hotels, Cebu City Sports Club, Ayala Greenfield Golf and Leisure Club, Anvaya Beach Club. Prior to joining the Ayala Group, Mr. Almendras was with the Aboitiz Group as Treasurer for both Aboitiz & Company, and the publicly listed Aboitiz Equity Ventures. Subsequently he was appointed President of City Savings Bank owned by the Aboitiz Group. Mr. Almendras also worked in various positions with Citytrust Banking Corporation, CITIBANK N.A., and Bank of the Philippine Islands. He holds a BS in Business Management from the Ateneo de Manila University and completed the Strategic Business Economics Program of the University of Asia and the Pacific.

Virgilio C. Rivera Jr.

Director, Regulation and Corporate Development, Filipino

Mr. Rivera Jr. previously held appointments with Ayala Corporation under various capacities including Associate Director; Manager, Strategic Planning Group; Project Coordinator, MWSS privatization; Head of Strategic Planning, Integrated Microelectronics, Inc. Mr. Rivera received a B.S. in Commerce, major in Economics, at the University of Santo Tomas in 1983, and a B.A. in Behavioral Science in 1982 from the University of Santo Tomas.

Frank Beaumont

Group Director, Operations & Project Delivery Group, British

Mr. Beaumont joined the Company in 1999 as Operations Adviser. Mr. Beaumont has many years of experience in the water industry and is a specialist in the operation of water treatment works with their associated plant, aqueducts and pumping stations.

Prior to joining the Company, Mr. Beaumont served as Operations Manager and Executive Director of Metropolitan Utilities Corporation in Ipoh, Malaysia and held various positions in North West Water, United Kingdom. He is a chartered member of Institution Water and Environmental Management, and is a holder of BSc Honours, Chemistry from the Council of National Academic Awards UK in 1977 and holder of Higher National Certificate - Chemistry from Stockport College UK in 1971.

Ruel T. Maranan

Group Director, Human Resources & Corporate Services Group, Filipino

Mr. Maranan joined the Company in January 2003 and has had experience in various start-up organizations from various diversified industries. He joined Globe Telecom, Inc. in 1995 as Employee and Labor Relations Manager and progressed to Assistant Vice President for Strategic Staffing and Employee Services.

Prior to joining Globe Telecom, Inc., he served as Human Resources Manager of Vitarich Corporation. He graduated with an AB Social Science degree at the Ateneo de Manila University in 1984. He also graduated from the University of Santo Tomas College of Law in 1992.

Geodino V. Carpio

Group Director, Project Delivery Group, Filipino

Mr. Carpio joined the Company in 1997 as Chief Information Officer before moving to Project Delivery as Group Director in 2004. Prior to joining the Company, Mr. Carpio was the Vice President for Information Technology for the Marsman Group of Companies. Mr. Carpio developed his experience mostly from his 12 years with Andersen Consulting where his last position was as Senior Manager, performing a key role in the firm's logistics practice.

His functional experience includes logistics, customer service, banking, accounting, and three-dimensional computer animation and development over varied architectures from legacy systems to multi-platform client/server. He holds a BS in Physics Teaching degree (Cum Laude, 1980) from Philippine Normal College in consortium with De La Salle University under the National Science Development Board Scholarship Grant and attended a Software Engineering Course under the Scholarship Grant from the Center for International Cooperation for Computerization in Tokyo, Japan in 1986.

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