By Business Mirror – June 14, 2019
TeaM Energy Corp. (TEC) recently elected Oscar S. Reyes in the company’s board of directors effective June 1. The said directors are composed of nominees from the company’s owners leading Japanese firms Jera and Marubeni; and independent director retired Chief Justice Artemio V. Panganiban.
John V. Alcordo, TeaM Energy chairman and chief executive officer (CEO), said that Reyes’s decades of experience in the energy industry would further boost the company’s position as a leading provider of reliable and cost-effective electricity.
“With Mr. Reyes on board, we fortify our mission to be the nation’s growth partner by generating power that supports the country’s development. The addition of Reyes to our board will also push the development and execution of the company’s growth plans,” he points out.
Reyes was the president and CEO of the Manila Electric Co. from May 2012 to May 2019, and senior executive vice president and CEO from July 2010 to May 2012. Prior to joining Meralco, he served from 1997 to 2001 as country chairman of the Shell Companies in the Philippines, and concurrently the president of Pilipinas Shell Petroleum Corp. and managing director from 1997 to 2004 of Shell Philippines Exploration, operator of the Malampaya deep-water natural-gas facilities for the Malampaya Consortium. He, likewise, served as director of other leading companies from 1999 up to this time.