Lighting the Future with Renewables

ATTY. PEDRO H. MANIEGO JR.

Lead Independent Director

Pedro H. Maniego, Jr. was the Chairman of the National Renewable Energy Board (NREB) from September 2010 to June 2013. NREB’s primary task is to facilitate the effective implementation of the Renewable Energy Act of 2008. Under his chairmanship, the NREB has initiated, spearheaded and/or guided the approval of the Feed-In Tariff rates, Renewable Energy Payment Agreement, Renewable Energy Service Agreement, FIT-Allowance Disbursement and Collection Guidelines, FIT-Allowance Petition, Net Metering Interconnection Standards and Net Metering Pricing Methodology with the Energy Regulatory Commission. The proposed mechanisms to implement the Renewable Portfolio Standards and Green Energy Option had been submitted to the Department of Energy for approval and issuance.. Under its mandate to monitor and review the National Renewable Energy Program, the NREB has updated the program to bring back the share of RE sources in the power mix (in MWh) to at least 35% by 2030 in accordance to the INDC commitment of the Philippines under COP21.

A firm advocate of sustainable development, he is a professional industrial engineer, lawyer, economist, management consultant, and professorial lecturer, with more than 50 years experience in senior executive positions in the energy, metals, beverage, semiconductor, IT, munitions, construction, and venture capital sectors and the academe. He was a professor in the U.P. College of Engineering, President-CEO of PNOC Renewables Corporation, Executive Vice President and Chief Operating Officer of Asean Fabricators, Inc. and Arms Corporation of the Philippines, market development manager of The Coca-Cola Export Corporation, and consultant to the Asian Development Bank, International Labor Organization, as well as several multinational and domestic firms.

Atty. Maniego’s education is multidisciplinary – having graduated with degrees in B.S. Industrial Engineering and Bachelor of Laws from the University of the Philippines, and completed post-graduate studies in management, economics and engineering in the Asian Institute of Management, University of the Philippines, University of Asia & the Pacific, Federation of Korean Industries, and Carl Duisberg Gesellschaft of Germany. In 2011, he was chosen as the Awardee of the UP Alumni Engineers for Service to Industry. Currently, he is the Chairman of Secure Arms Guns and Ammo Corp; Lead Independent Director of RASLAG Corp. and Armscor Global Defense Inc; Fellow, Trustee, Chairman of the Fellow, Strategic Execution Pathway and Golf Committees of the Institute of Corporate Directors; a lecturer at UP Law Center’s MCLE, Ateneo School of Government, and ICD’s corporate governance programs; and a member of the Philippine Bar. He had obtained certificates with grades of Excellent in 14 courses on renewable energy development, climate finance, green banking and energy transformation at the Renewables Academy AG of Germany. He is a Certified Graduate of the Palladium Kaplan-Norton Balanced Scorecard and the Climate Reality Leadership Workshop under Nobel Laureate Al Gore. He is regularly invited as a speaker and resource person on renewable energy development in the Philippines, other Asian countries, Europe and the United States.

IMELDA C. TIONGSON, FICD

Independent Director

Ms. Ida is a Governance and Financial Technology Advocate with a diverse background. She began her career as a traditional banker, holding senior officer positions at National Australia Bank and Philippine National Bank for over 22 years. Later, she assumed the leadership of OPAL Portfolio Investments (SPV-AMC) Inc., where she successfully turned around businesses. Her current role has enabled her to specialize in Financial Technology, Digital Transformation, and Artificial Intelligence.

Presently, Ms. Tiongson is associated with the following:

Independent Director: She serves as an Independent Director for Xurpas Inc., PruLife UK Ph, Alipay Ph and RASLAG Corp.

Lecturer: Teaching Fellow at the Institute of Corporate Directors. She imparts knowledge on Finance, Digital Transformation, Risk Governance, and Strategy Planning as well as Lecturer at the Ateneo Graduate School of Business.

Board Trustee: She is a Board Trustee in notable organizations such as Fintech Alliance.Ph and the Institute of Corporate Directors (ICD)and Womenbiz.Ph

MAP (Management Association of the Philippines) Chairperson of Governance Committee

A graduate of Bachelor of Business in Accountancy at Royal Melbourne Institute of Technology, she has also undertaken valuable master classes to enhance her skills including Kaplan and Norton Balanced Scorecard from Australia, Blockchain/Cryptocurrency/Digital Course by Terrapin Singapore (2015), Worldbank IFC Risk and Audit Management program, and Alibaba Entrepreneurship Course offered by Alibaba Business School, Microsoft AI.

She has also been conferred several awards both local and overseas.

ATTY. LYRA GRACIA Y. LIPAE-FABELLA, CPA

Investor Relations and Compliance Officer

Lyra Gracia Y. Lipae-Fabella is a Certified Public Accountant and member of the Integrated Bar of the Philippines.  She acted as legal counsel of RASLAG Corp. in its initial public offering of shares leading to its successful listing on the Main Board of the Philippine Stock Exchange on June 6, 2022.

Lyra is also Managing Partner of Fabella and Fabella Law Office and Corporate Secretary/Officer to a number of publicly-listed companies. She previously worked as Junior Auditor at Sycip Gorres Velayo & Co., Associate at Tan Venturanza Valdez and Securities Counsel III with the Securities and Exchange Commission.

She obtained her Bachelor of Laws degree from San Beda College in Manila and her BS Business Administration and Accountancy degree from the University of the Philippines in Quezon City.

ATTY. RUELITO Q. SORIANO

Corporate Secretary

Ruel Soriano was appointed Corporate Secretary of RASLAG in April 2021. He is also the Managing Partner of the law firm of Quiason Makalintal Barot Torres Ibarra Sison & Damaso, and a supervising attorney for the Corporate Group and the Tax Group. He specializes in mergers & acquisitions, corporate & project financing, securities offerings, and tax planning and structuring advice for the firm’s various clients.

He has led the law firm’s teams in acting as Philippine counsel for clients in various industries: energy, fintech, banking, insurance, telecommunications, information technology, airline ground handling, business process outsourcing, education, retail, etc…

Ruel concurrently serves as Co-Chief Compliance and Risk Management Officer for Operations of the Transnational Diversified Group. He is Chairman of the Board of Directors of MarCoPay, Inc. (a dual currency e-money issuer), MCP Finance, Inc. and MCP Insurance and Management Agency, Inc., and sits in the boards of Transnational Diversified Group, Inc., Adventure International Tours, Inc., Universal Holidays, Inc., among others. He is also serves as Compliance Officer of Easycall Communications, Philippines, Inc., and Corporate Secretary of Tonik Digital Bank, Inc.

He obtained his bachelor’s degrees in Economics and Law from the Ateneo de Manila University.

ATTY. PAULO S. FAUSTINO

Assistant Corporate Secretary

Paulo Faustino is the Assistant Corporate Secretary of RASLAG, having assumed such position in April 2021. He is an associate lawyer of Quiason Makalintal Barot Torres Ibarra Sison & Damaso, where he specializes in corporate law, taxation law and special projects. He graduated with a degree of Juris Doctor from the University of the Philippines in 2017 and was admitted to the Philippine bar on 2018. He also holds a degree in BA Political Science which he obtained in 2011 from the University of the Philippines.

GEROMIN T. NEPOMUCENO, JR.

Vice-Chairman and Treasurer

Gerry has been a Director of RASLAG Corp. since 2013. He has vast experience in the electric power industry having been the President and CEO of Angeles Electric Corporation (AEC) from 2001 to 2019, and the Treasurer and Director of Angeles Power, Inc (API) from 1993 up to present.

Gerry is currently the Chairman of the Board of AEC. His leadership led AEC to being one the biggest distribution utilities in the country. He is also a Director of Clark Electric Distribution Corporation (CEDC).

Aside from the power industry, Gerry is engaged in other industries being the Chairman of Angeles Industrial Park, Inc., Crismin Realty and MSN Food. He is also the President of Angeles Ice Plant, Treasurer and Director of TGN Realty, Teresa Water, Inc. and JTEN Equities, and a Director of JDN Sons, Inc. and Wespan Development Corporation.

Gerry is an active member of the Executive Committee of the Board of Trustees of Holy Angel University where he became the interim President in 2014 to 2015.

Gerry is a graduate of BS in Mechanical Engineering from De La Salle University and is a licensed mechanical engineer. He holds a Master’s Degree in Business Management from the Asian Institute of Management.

As a superior, Gerry is known to be an exacting taskmaster, expecting only the best from his people and of himself. This attribute, however, is balanced well with his belief that people always have the capacity to rise above their present state through a combination of education, hard work and perseverance.

Although generally perceived as reserved, Gerry is in fact a compassionate person, and a good and reliable friend who values integrity and appreciates honesty in people. He is very private and spends most of his free time with his family, whether exploring new travel destinations or trying out new restaurants and cuisines.

ENGR. CONRADO D. PECJO

Executive Vice President

Engr. Conrado Dimla Pecjo is the Executive Vice President and Chief Operating Officer of RASLAG Corp. Together with Engr. Peter G. Nepomuceno, Engr. Pecjo rallied the creation of RASLAG Corp. (2013) to take advantage the support of the government to the then budding RE industry. He oversaw the conception, the construction and the successful commercial operation of RASLAG 1 and RASLAG 2 solar power plants. These plants are now enjoying the Feed-in Tariff Scheme of the government.

Engr. Pecjo, or Pex as he is fondly called, was the Operation and Business Development Manager of Angeles Power, Inc. – Calibu Diesel Power Plant (API) before he became the EVP and COO of RASLAG. He started his career as a plant operator in Petersville Diesel Power Plant of Angeles Electric. He rose from the ranks and held various supervisory and managerial positions when he transferred to Angeles Power, Inc. in 1993. From being operations supervisor and mechanical maintenance supervisor, he became the operations manager of Calibu Diesel Power Plant in 2010. He eventually held the business development section of API from which the creation of an RE generation arm through RASLAG was conceptualized.

Pex also became a member of the Rules Change Committee of the Philippine Electricity Market Corporation for not more than 4 years. He is a Professional Mechanical Engineer (PME). He acquired his mechanical engineering degree from Holy Angel University in 1986 and has studied Executive Masters in Business Administration (EMBA) in the Asian Institute of Management in 2008.

ROBERT GERARD B. NEPOMUCENO

Chief Finance Officer

Robert Gerard ”Rogie” B. Nepomuceno is one of the directors of RASLAG Corp. He is a member of the Risk and Oversight Committee of RASLAG and has been instrumental in the firm’s PSE listing. He is also a Director of Angeles Electric Corporation since 2019.

Aside from the power industry, Rogie is also into the manufacturing industry. He is presently the President of Durastress Corporation, a manufacturer of pre-cast concrete products and a supplier of Ready-Mix Concrete (RMC). He started his career in Durastress as a supervisor in 2002 and has since made the company one of the largest manufacturers of concrete piles in the North. He is concurrently the President of Italfil Manufacturing Corp.

Rogie is a director of Juan D Nepomuceno Sons, Inc., Borealis Corp., Wespan Development Corp. and TGN Realty Corp. He is also the Chairman of the Bids and Awards Committee of Holy Angel University.

Rogie graduated from the Ateneo de Manila University in 1985 with Bachelor of Arts degree major in Economics. He finished his Executive Masters in Business Administration (EMBA) at the Asian Institute of Management in 2007.

MARIA RITA JOSEFINA V. CHUA, CPA

Director

Marijo is a Director of RASLAG Corp. She has been with the company since its incorporation in 2013. She is currently the President of Angeles Electric Corporation and Teresa Waterworks Inc.

Aside from RASLAG, Marijo also serves as a Director for other electric companies such as Clark Electric Distribution Corporation and Angeles Power, Inc. She is a part of the Board of JTen Equities Inc, the holding company of RASLAG.

Marijo is also a Director of TGN Realty, Inc., JDN Sons, Inc., and Wespan Development Corporation. She is a member of the Board of Trustees of the Holy Angel University.

Marijo is a graduate of BS in Commerce Major in Accounting and Hotel Restaurant Management from St. Scholastica’s College and holds a Master’s Degree in Business Administration from the Ateneo Graduate School of Business. She is a Certified Public Accountant.

Marijo is a God-fearing person. She is simple and warm-hearted but is also self-driven and enthusiastic. She is a loving and caring mother to her daughter and a doting sister to her siblings as well. She is a skilled cook and capable baker and loves making dishes and goodies in her kitchen for family and friends.

ENGR. PETER G. NEPOMUCENO

Chairman, President & CEO

Engr. Peter G. Nepomuceno is the president, CEO, and visionary of RASLAG Corp. He incorporated the company in April 2013 with the vision of going renewables is the best move forward in the challenging electric power industry. He has been in the power industry for more than 60 years, serving several companies in the distribution and generation sectors.

At the age of 22, he started managing Angeles Electric Corporation, the distribution utility with the franchise area in Angeles City. He handled AEC until 2001 and turned it to be one of the best distribution utilities in Luzon. He was elected President and Chairman of Angeles Electric in 1973 and retired as president in 2001. He continued serving AEC as Chairman of the Board until 2019.

During the power crisis in 1992, Peter built Angeles Power, Inc., the owner and operator of the 30-MW Calibu Diesel Power Plant. He serves as API’s president and CEO up to the present. He also put up JTEN Equities, Inc. in 2001, the holding company and major owner of RASLAG Corp.

Peter is currently the Chairman of Mindanao Energy Systems, Inc. (Minergy), Vice Chairman of Mindanao Power Corporation, and a Board Director of Cagayan Electric Power & Light Co., Inc. (Cepalco). He also served as Chairman of Clark Electric Distribution Corporation (CEDC) from 2015 up to 2020 and a director of Philippine Electricity Market Corporation (PEMC) for five years.

Aside from the power industry, Peter also handled several companies from other industries. He served as president of Juan D. Nepomuceno Sons Co., TGN Realty Corporation, New Move Realty, MAVWIN Properties, Teresa Water Works, Inc., Italfil Manufacturing Corp, Durastress Corporation, among others. He is presently a member of the Board of Trustee of Holy Angel University, the biggest university north of Manila.

Engr. Nepomuceno acquired his bachelor’s degree from Ateneo De Manila and his Civil Engineering degree from Mapua Institute of Technology.

ARSENIO N. VALDES

Director

Arni is one the Directors of RASLAG Corp. His experience in the power industry spans from the distribution to the generation sectors, him being a Director of Angeles Electric Corporation (distribution utility) and Angeles Power, Inc. (generator). He is best known for his leadership in Juan D. Nepomuceno Sons, Inc. and TGN Realty Corporation as President from February 2007 to February 2019. He is currently the Chairman of Juan D Nepomuceno Sons, Inc., TGN Realty Corporation, Borealis Corp, and Wespan Development.

Arni is the President and CEO of Dolomatrix Philippines, Inc. He is also a Director of Teresa Waterworks, Inc, Angeles Industrial Park, Inc. and JTen Equities, Inc.

Arni is also involved and holds key positions in various business, socio-civic and cause-oriented organizations. He is presently a Director and the Treasurer of the Metro Angeles Chamber of Commerce & Industry, Inc. (MACCII) where he was formerly the President and Chairman. He is currently an officer of the Metro Clark Information & Communication Technology (MCICT) Council. He is also an Adviser to the Environmental Practitioners Association where he was the past President.

Arni is a graduate of B.S. Industrial Managament Engineering from the Dela Salle University and holds a Masters in Business Administration degree from the Ateneo De Manila University.

In addition to his passion about the environment, Arni is also an avid golfer and is into biking. He loves travelling and trying out new dining places.

DANIEL GABRIEL M. MONTECILLO

Independent Director

Dennis Montecillo is a management consultant, leadership speaker and facilitator, independent board director and executive coach. He is currently a senior consultant to the International Finance Corporation and to Ayala University in its Leadership Acceleration Program as well as several private, mid-sized Philippine corporates. He has been a guest lecturer at the Asian Institute of Management and was also formerly a CXO facilitator and speaker of Deloitte University Asia Pacific at its various management training programs in Singapore. He received his certification as an Associate Certified Coach (ACC) from the International Coaching Federation (ICF).

He retired as Executive Vice President and Group Head of the Corporate Client Segment of the Bank of the Philippine Islands in 2018, where he was responsible for nationwide banking coverage of the firm’s corporate clients. Immediately prior to this role, he was President of BPI Capital Corporation and Chairman of BPI Securities Corporation, the bank’s investment banking and securities subsidiaries. He served for 4 ½ years.

During his time at BPI, he was responsible for the reorganization of the corporate bank into two significant business initiatives, i.e., the Corporate Bank for large multinationals and domestic corporates, and the Business Bank, which services the small and medium-sized corporates in the country.

While at BPI Capital, he recast the investment bank into the leading domestic firm in the industry and competed successfully for business with the country’s top corporates against the established international investment banking firms in the country. During his tenure, the firm won several international awards for excellence. During his tenure, among the more notable Philippine corporates that the firm took to the public capital markets are Max’s Group, Store Specialists, and Metro Retail Stores Group.

Prior to returning to the Philippines, he spent 17 years in Hong Kong where he was CEO and founding equity partner of Diamond Dragon Advisors for three years, Asia’s first private equity fundraising firm and before that, CEO of Fidelis Holdings for three years. Fidelis was the international real estate investment company of the Ayala Group of Companies.

He has 21 years of international investment banking experience, having worked in New York and Hong Kong at Bankers Trust, Credit Suisse and Morgan Stanley. During this time, he was part of and managed business development and transaction teams in corporate, real estate and leveraged finance, derivatives, private equity, mergers & acquisitions, and equity and debt capital markets.

Dennis is a fellow of the Institute of Corporate Directors (Philippines) and a member of the International Coach Federation (ICF), the Rotary Club of Manila and an associate member of the Singapore Institute of Directors.

He is an independent director of Metro Pacific Hospital Holdings, Inc. (MPHHI), a holding company with interests in 19 hospitals nationwide, Maybank Kim Eng Capital (Philippines), Inc., an investment bank that is a subsidiary of Maybank of Malaysia, and Raslag Corporation, a private renewable energy company. He is also a director of the global board of International Care Ministries, an NGO devoted to the rural ultrapoor in the Philippines.

He has an MBA and MA from Stanford University in California, USA and bachelor’s degrees in Management of Financial Institutions and Behavioural Sciences (magna cum laude) from De La Salle University in the Philippines.