Mindanao bus firm re-elects top official

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LEO Rey V. Yanson has been re-elected as president of Mindanao Star Bus Transport, Inc., a sister company of Vallacar Transit, Inc.

In a statement e-mailed to reporters over the weekend, the bus company said an annual stockholders’ meeting was held on Saturday “where they elected their board of directors, who subsequently re-appointed Leo Rey V. Yanson as the president of the company.”

The stockholders, the company also said, elected Mr. Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Arvin John Villaruel and Rey C. Ardo as members of the board of directors.

They will serve for one year until January next year “or until their successors shall have been duly elected and qualified.”

The company, which is part of the Yanson Group of Bus Companies that operates throughout the country, said Mr. Yanson presided the meeting with Olivia V. Yanson, matriarch of Yansons, as corporate secretary and treasurer.

“Following the election of the directors, the board held an organizational meeting and re-appointed Leo Rey Yanson as the president and CEO of the company and Yanson matriarch Olivia V. Yanson as treasurer and corporate secretary,” it added.

In a stockholders’ meeting in December last year, Mr. Yanson was likewise re-elected as president of Vallacar Transit.

The stockholders of Vallacar Transit also elected their board of directors during the meeting. The elected officials will be serving for a year until December 2020, the company said.

The Vallacar Transit said it has 15 bases of operations in Bacolod, Iloilo, Dumaguete, Cebu, Cagayan De Oro, Butuan, Davao, Pagadian, Dipolog, Bohol and Batangas. — Arjay L. Balinbin