CENTURY Properties Group has appointed Jose Marco R. Antonio, currently its chief operating officer, as the company’s president and chief executive officer.

Jose Eduardo B. Antonio, who founded the company and held the posts for 33 years, will remain as executive chairman.

The appointment took effect immediately after the CPG board approved the appointment.

The younger Mr. Antonio began working for CPG in 1996 after working at The Blackstone Group in New York City. He graduated summa cum laude with a Bachelor’s Degree in Economics (dual major in Finance and Entrepreneurial Management) from the University of Pennsylvania’s Wharton School in 1995 and received his masters degree in Business Administration with a major in Strategic Management from the Wharton School in 2004.

He served as Managing Director for the company for 22 years and held this position concurrently when he was appointed Chief Operating Officer.

“I take on this fiduciary responsibility wholeheartedly as I aim to be the best steward I can be for CPG. Together with our professional management and all our hardworking employees, we will turn to the next exciting chapter of CPG with a culture of passion, excellence and innovation that I believe translates to a better product for our customer, and a better company for all our stakeholders,” Mr. Antonio said.