Ongpin nephew is new chairman of Alphaland
ERIC O. RECTO, nephew of Roberto V. Ongpin, has been elected as chairman of Alphaland Corp., the holding firm of the businessman who died early this month.
Recto, who served as undersecretary of the Department of Finance (DOF) during the term of President Arroyo, has been Alphaland’s vice chairman since its inception in 2007.
The family of Ongpin conveyed the wish of the businessman “for Mr. eric Ongpin Recto to take over as chairman and CEO” of Alphaland.
Anna B. Ongpin remains as vice chair, while her sister Michelle Ongpin Callaghan was elected as member of the board to fill the vacancy created by the businessman’s death.
Recto, 58 years old, also holds board positions in many of Ongpin’s businesses.
he is presently the president of Atok-big Wedge Co. Inc. and chairman of the Philippine Bank of Communications. he is also chairman and president of Bedfordbury Development Corp.; chairman and president of Optimum Dev’t. holdings Phils. Inc.; vice chairman and independent director of Aboitiz Power Corp. and Dennis Uy’s Ph Resorts Group holdings Inc.; director of DITO CME holdings Corp. and a board member of supervisors of Acentic Gmbh.
Recto served as undersecretary of the DOF from 2002 to 2005, in charge of handling both the International Finance Group and the Privatization Office.
Before his stint in the government, he was CFO of Alaska Milk Corp. and Belle Corp. Recto has a degree in Industrial engineering from the University of the Philippines as well as an MBA from the Johnson School, Cornell University.