GOLDEN HAVEN Memorial Park, Inc. named Maribeth C. Tolentino as its new president, after Jerry M. Navarette stepped down from the post.
In a regulatory filing on Wednesday, the Villar-led listed company said Mr. Navarette resigned as president and director “to focus on another endeavor.” Prior to her appointment, Ms. Tolentino was the company’s chief operating officer.
Mr. Navarette is also the president and chief executive officer of another Villar-owned company Starmalls, Inc.
Camille A. Villar, daughter of Golden Haven founder and chairman Manuel B. Villar, Jr., was also elected as director, filling the seat vacated by Mr. Navarette.
Golden Haven, which is involved in memorial park development and death care services, saw its net income grow 24% in the first half of 2017. Revenues jumped 13% to P473 million, driven by higher memorial lot and columbarium sales.
The company completed the construction of the Golden Haven Memorial Chapel and Crematorium in the San Ezekiel complex in the first half of the year.
To date, Golden Haven has launched eight memorial park developments, with a total area of over 66 hectares, throughout the country.
