D&L names Ayala exec as director

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Listed D&L Industries Inc., the country’s largest customized food ingredients and oleochemicals maker, said it has appointed Mercedita Nolledo as an independent director of the company.

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In a disclosure to the Philippine Stock Exchange (PSE), the company said Nolledo will fill the vacancy left by the passing of Ambassador Cesar Bautista, who died last December.

Nolledo has been elected to D&L’s board of directors as an independent director.

Being a lawyer, certified public accountant, and a veteran corporate executive of the Ayala group of companies, Nolledo will serve in the Audit Committee and Remuneration Committee of D&L, the company said.

Her appointment took effect April 4, 2016.

Nolledo is the chairperson of BPI Investment Management, Inc. and director of Xurpas, Inc., a publicly listed company. She also sits on the boards of trustees of Ayala Foundation, Inc. and BPI Foundation, Inc.

Her other directorships include Ayala Automotive Holdings Corp., Ayala Land Commercial REIT, Inc., Anvaya Cove Beach and Nature Club, Bank of the Philippine Islands, BPI Capital Corporation, BPI Family Savings Bank, Honda Cars Cebu, Inc., Honda Cars Makati, Inc., Isuzu Automotive Dealership, Inc., Isuzu Cebu, Inc, Michigan Holdings, Inc., and Prime Initiatives Inc.

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