Property firm Italpinas Development Corp. (IDC) is strengthening its leadership team with appointment of two new board directors.
IDC announced in a disclosure to the stock exchange Monday the appointment of veteran banker Alfonso Salcedo and capital market expert Melchor Guerrero as new directors of the company.
IDC said the two new directors would bring with them a wealth of experience and expertise.
“The appointment of Alfonso Salcedo and Melchor Guerrero reflects our ongoing commitment to strengthening our leadership and ensuring we have the best minds guiding our strategic direction. We are confident that their contributions will help us achieve our long-term goals and deliver value to our stakeholders,” IDC chief executive Romolo Nati.
Salcedo is a banking professional with over 40 years of experience in the financial sector. He served as president and chief executive of Security Bank from 2015 to 2019 and as executive vice president of the Bank of the Philippine Islands from 2010 to 2015.
Guerrero brings a deep background in finance and capital markets, from leading roles both as underwriter to a range of issuers as well as from the Philippine Stock Exchange.
