SBS has new President-CEO

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Newly-listed chemical raw materials manufacturer SBS Philippines Corp. has appointed a new president and chief executive officer after the company’s founder resigned and settled as its chairman.

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In a disclosure to the Philippines Stock Exchange (PSE) on Friday, SBS, one of the country’s largest in the raw materials industry, said its Board of Directors appointed Gerry Tan as its new president and CEO effective January 29.

Tan replaced Necisto Sytengco, who will remain as the company’s chairman of the board, as well as the head of the firm’s executive committee.

Sytengco said his stint as the company’s president was merely on an interim basis.

Tan has 30 years’ experience in the chemical distribution industry in the Philippines and the Asia-Pacific region.

“Gerry’s experienced perspective in Asia-Pacific regional markets and international business fits well with the company’s thrust to better understand the customer’s needs today and expand its business in the region. Under his leadership, we will continue to take the company forward to its next stage of growth and development,” Sytengco said in a statement.

Prior his appointment, Tan was senior adviser and general manager of Bluestar Silicones Asia-Pacific and a board director of Bluestar Silicones Shanghai of the China National Bluestar Corp. Group, a global leader in new chemical materials.

“With his extensive international experience in sales, marketing, and operations, he brings a wealth of industry insights and contacts worldwide to develop and expand the company’s business and tap new opportunities in the Asia-Pacific region, as the company adjusts to changing macroeconomic and competitive dynamics brought about by the AFTA [Asean Free Trade Area],” the company said.

Tan led a career spanning key senior positions at Bluestar Silicones Asia-Pacific from 2007 to 2015, Rhodia Silicones Asia-Pacific from 1998 to 2007, and Rhone-Poulenc Philippines from 1986 to 1998.

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