Lopez Inc. board voted 5-2 to oust ‘Piki’ over ‘loss of trust’

MANILA, Philippines — Federico “Piki” Lopez was removed as president and CEO of Lopez Inc., a 71-percent majority of the board said Tuesday. The board voted 5-2 on Feb. 27 to remove Piki, with him and brother Benjamin Lopez dissenting, according to a statement Tuesday. READ: Lopez Inc. family feud explodes into leadership battle The