AYALA-LED ACE Enexor, Inc. has named Rolando J. Paulino, Jr. as its new director and president effective Jan. 1 after Raymundo A. Reyes, Jr. stepped down.
In a disclosure to the exchange on Thursday, Ayala group’s gas and oil exploration arm said its board of directors had accepted the resignation of Mr. Reyes on Dec. 10, 2021, and elected Mr. Paulino to the post.
Mr. Paulino is the president of the Philippine Energy Independence Council and also the president of the Petroleum Association of the Philippines. He is a fellow of the ASEAN Academy for Engineering and Technology and a part-time faculty at the University of Santo Tomas Graduate School and the De La Salle University.
ACE Enexor cited Mr. Paulino’s previous work affiliation such as serving as the vice-president for the Philippine upstream and managing director of Shell Philippines Exploration B.V.
“He has also been part of various boards including Pilipinas Shell Petroleum Corporation, Tabangao Realty, Inc., Malampaya Foundation, Inc. and Pilipinas Shell Foundation, Inc.,” the company said.
ACE Enexor also said that its new president has 27 years of leadership experience in various offices in the United Kingdom, Australia, Malaysia, and the Philippines.
“He led large production and manufacturing facilities including those that supply more than 25% of energy of a country needs with passion, integrity, and care for people,” the company added.
On Monday, the Philippine Stocks Exchange suspended the stocks trading of ACE Enexor until further disclosure on its assets-for-shares deal with Ayala energy arm AC Energy Corp. — Marielle C. Lucenio