OCLP has new officers, directors

MANILA, Philippines - OCLP Holdings, the property holding firm of the Ortigas family, announced a new set of directors in its board as well as the appointment of a new chief executive officer and chief finance officer.

In a statement issued yesterday, OCLP said its new board appointed Roberto V. San Jose and Arnold S. David as the new president and chief CFO, respectively.

Completing the nine-man board are Jose Luis Montilla, Fernando Ortigas, Elmer Serrano, Edmundo Tan, Rolando Dela Cruz, Yolanda Eleazar, Delfin Angcao, and Antonio Pacis.

Joselito “Joey” F. Santos remains the general manager of the real estate division while Cathy Casares-Ko leads the company’s shopping center division.

San Jose said the company remains committed to pursue and continue its various residential and retail projects which include Circulo Verde, Viridian, Royalton, Estancia, Tiendesitas as well as the Greenhills Shopping Center expansion.

Circulo Verde is a 15-tower residential development located on a 12-hectare property in Calle Industria in Bagumbayan in Quezon City  while the P25-billion Capitol Commons will rise on a 10-hectare property previously occupied by the Rizal Provincial Capitol.

Capital Commons will include the development a high-end shopping mall to be called Estancia, slated for completion this year.

 â€œOCP will continue to conduct its businesses with the same core values that have guided the Ortigas group for the past 82 years – integrity, optimized returns for the shareholders, respect for its customers, business partners, employees and other stakeholders.

The new board is now reportedly controlled by allies of the Ayala group, leaving the SM Group with a minority voting participation after the Roman Catholic  church reportedly gave its blessings to the Ayala-backed Ortigas faction.