1 month ago
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San Miguel Food and Beverage Inc. has replaced its long-time President Francisco S. Alejo III as Chief Operating Officer with Emmanuel B. Macalalag effective Feb. 5, 2025.
In a disclosure to the Philippine stock Exchange, the firm said Alejo, COO for SMFB’s food business, has been replaced due to parent company San Miguel Corporation’s management reorganization.
This comes after SMFB subsidiary Ginebra San Miguel Inc. disclosed to the PSE last week that Alejo has resigned as Director and member of the Audit and Risk Oversight Committee and the Executive Committee effective January 31, 2025 due to “personal reasons.”
Also replaced under the management reorganization is SMFB Chief Finance Officer and Chief Strategy Officer Ildefonso B. Alindogan with Monica L. Ang-Mercado taking over as CFO effective immediately.
Alejo has held the position of SMFB President since May 20, 2005. He has been a Director of the Company since May 22, 2001 and a member of the Company’s Executive Committee (since April 25, 2002).
Macalalag, on other hand, was the Chief Operating Officer for Spirits of SMFB ang General Manager of Ginebra San Miguel. He recently resigned as senior vice president of Ginebra to take his position with SMFB.
The daughter of SMC Chairman and CEO Ramon S. Ang, Ang-Mercado is a director of the SMC board and is currently the Chairman at Buildnet Construction, Inc., Director at Premier Capital Venture Corp., Director at Q-Tech Alliance Holdings, Inc., Chief Financial Officer, Treasurer & Director at Eagle Cement Corp., Director at KB Space Holdings, Inc., Director at A5 Wagyu, Inc., Director at San Miguel Food & Beverage, Inc., Treasurer & Director at Solid North Mineral Corp., and Chief Financial Officer & Treasurer at South Western Cement Corp.
