LISTED property developer Century Properties Group Inc. will continue to be led by its chief executive officer Jose E.B. Antonio even if the latter has been named special envoy to the United States by President Rodrigo Duterte.
In a disclosure to the Philippine Stock Exchange on Monday, Century Properties said that “Mr. Antonio shall continue to serve as the Company’s Chairman and CEO.”
Antonio was appointed by President Duterte as the Philippines’ special envoy to the United States, effective October 28.
“His mission is to enhance business ties and strengthen the economic affairs between the two countries,” Century Properties said.
Under the Arroyo administration, Antonio served as the country’s special envoy to China in 2005.
Antonio is one of the founders of Century Properties and is also currently the chairman of Century Asia Corporation, Prestige Cars, Inc. and Philtranco Service Enterprises and is the founder and chairman of the Philippine-China Business Council Inc.
He also serves as vice chairman of Penta Pacific Realty Corporation and Subic Air Charter, Inc.
Century Properties Group Inc. is engaged in the development, sale, and marketing of residential, office, retail and medical properties.
The company has five wholly-owned subsidiaries: Century City Development Corporation, Century Limitless Corporation, Century Communities Corporation, Century Properties Management and Century Properties Hotel and Leisure Inc.
In the first half of 2016, the company reported a 50 percent drop in net income to P502 million from the P1 billion posted in the previous year.