8990 Holdings CEO stepping down

Mass housing developer 8990 Holdings Inc. remains confident about hitting its targets this year even as it begins the transition period for the appointment of a new chief executive by next year. During the firm’s annual stockholders’ meeting, 8990 President and Chief Executive Jesus Januario Atencio III announced that he will be retiring by the end of the year and before he turns 56 in January next year as it has always been his intention to step down at 55. (JAL)