"SMFB Welcomes New Finance Chief Monica Ang-Mercado Takes the Helm

Title SMFB Welcomes New Finance Chief Monica Ang-Mercado Takes the Helm

San Miguel Food and Beverage Inc. (SMFB) has announced a significant management reorganization, with Monica Ang-Mercado taking on the role of Chief Financial Officer (CFO) effective immediately. This appointment replaces Ildefonso Alindogan, who held the position prior to the revamp.

A New Era in Finance

As the daughter of San Miguel Corp. (SMC) Chairman and CEO Ramon Ang, Monica Ang-Mercado brings a wealth of experience and expertise to her new role at SMFB. With a strong background in finance, she is well-equipped to lead the company's financial strategy forward.

Prior Experience and Directorships

Before taking on the role of CFO at SMFB, Ang-Mercado served as a director at SMC and currently chairs Buildnet Construction Inc. Her impressive portfolio includes directorship positions at several other companies, including Premier Capital Venture Corp., Q-Tech Alliance Holdings Inc., KB Space Holdings Inc., A5 Wagyu Inc., Solid North Mineral Corp., and Eagle Cement Corp.

Expanded Responsibilities

In her new role as CFO and treasurer at SMFB, Ang-Mercado will oversee the company's financial operations, including finance, accounting, and treasury functions. This expanded scope will enable her to drive growth and profitability for the organization.

Seamless Transition

The transition of power from Alindogan to Ang-Mercado is expected to be seamless, with both parties having a deep understanding of the company's financial landscape. This continuity will enable SMFB to maintain its momentum and continue to drive growth in the years to come.

Shareholder Dividend

As part of the reorganization, the SMFB board has approved the declaration of a regular cash dividend on the company's common shares. Shareholders who are on record as of February 19, 2025 will receive a payment of P0.50 per common share on March 6, 2025.

Market Reaction

In response to the news, SMFB shares shed 10 centavos, or 0.19 percent, to P51.20 apiece on Wednesday. While this may seem like a slight decline, it is worth noting that the company's financial health remains strong, with a solid track record of growth and profitability.

Conclusion

Monica Ang-Mercado's appointment as CFO at SMFB marks an exciting new chapter for the company. With her extensive experience in finance and leadership skills, she is well-positioned to drive the company forward and deliver long-term value to shareholders. As the company continues to evolve and grow, we can expect Ang-Mercado to play a key role in shaping its financial strategy and ensuring its continued success.

Key Takeaways

Monica Ang-Mercado appointed as CFO at SMFB
Replaces Ildefonso Alindogan, who held the position prior to the revamp
Ang-Mercado brings extensive experience in finance and leadership skills to the role
Shares shed 10 centavos, or 0.19 percent, to P51.20 apiece on Wednesday

Edward Lance Arellano Lorilla

CEO / Co-Founder

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