Board of Directors
An experienced Board of 11 independent and executive directors is in place to represent the interest of Pilipinas Shell’s shareholders.
Min Yih Tan CHAIRMAN OF THE BOARD (Singaporean) –He is the new Chairman of the Board of Pilipinas Shell Petroleum Corporation starting 01 January 2020.
Min Yih is likewise the Vice President - Global Retail Network and oversees the life cycle management of all Shell Retail assets across the world. He is a key member of the Global Retail Leadership Team and leads its Global Network Leadership Team. He has held the following positions in the Shell Group: General Manager, Retail Network Development; General Manager, Global Retail & Commercial Strategy; General Manager, Commercial Fuels (East); and General Manager, Lubricants (S. E. Asia). Prior to joining Shell, Min Yih worked in ExxonMobil where he held a series of commercial, operational and staff leadership roles in downstream businesses spanning Retail, Marine, Lubricants, Commercial Vehicles & Cards and Technology, including a stint based in Fairfax, Virginia as Global Planning Advisor. He holds a Bachelor of Science in Mechanical Engineering and an MBA.
Lydia B. Echauz INDEPENDENT DIRECTOR (Filipino) is an Independent Director of the Corporation since 16 May 2017. Dr. Echauz currently holds directorships in publicly listed companies Metro Pacific Investments Corp. and D&L Industries, Inc.; as well as PLDT Beneficial Trust Fund, Tahanan Mutual Building and Loan Association,Inc., Superior Paranaque Homes, Inc., Bancholders, Inc., (subsidiaries of PLDT Beneficial Trust Fund), Philstar Group, BusinessWorld Publishing Corporation, Riverside College Inc., NBS College, Inc. and Fern Realty Corp. Dr. Echauz is also Trustee of the Henry Sy Foundation, Inc., SM Foundation, Inc., Felicidad T. Sy Foundation, Inc., De La Salle College of St. Benilde, Mano Amiga Academy, Museo del Galeon, Inc. and Akademyang Filipino Association, Inc. She was 10-year President of Far Eastern University (PLC), FEU Silang, FEU Diliman, and FEU East Asia College. She served as Director of Development Bank of the Philippines from 2013 to 2016. She was 16-year Dean of the Graduate School of Business, De La Salle University, Associate Director of the Ateneo de Manila Graduate School of Business and faculty member of the University of the East College of Business Administration. She earned her AB Major in Economics and Mathematics from St. Theresa's College, MBA from Ateneo de Manila University and DBA from De La Salle University. From 2017 to 2019, she attended seminars on corporate governance.
Cesar A. Buenaventura INDEPENDENT DIRECTOR (Filipino) - has been with the corporation since 1956 and was chairman and CEO from 1975 to 1990.
He has been a director since 1970 and an independent director since 2012. He is currently chairman of Buenaventura Echauz and Partners Inc and chairman of Mitsubishi Hitachi Power System Philippines. He is Vice Chairman of DMCI Holdings a director of Concepcion Industrial Corporation, Semirara Mining and Power Corporation, Petroenergy Resources Corporation and I People Inc. He is founding chairman of the Pilipinas Shell Foundation and Founding Member of the Board of Trustees of the Makati Business Club.
He is a recipient of many awards among which are the following: Management Man of the year in 1985; The Honorary Officer of The British Empire (O B E) in 1990 by Her Majesty Queen Elizabeth ll; and One of the top 100 graduates of the College of Engineering University of the Philippines in its 100 year history.
He received the degree of Bachelor of Science in Civil Engineering from the University of the Philippines in 1950 and a master's degree in Civil Engineering from Lehigh University in 1954 as a Fulbright scholar.
Fernando Zobel de Ayala INDEPENDENT DIRECTOR (Filipino) - is an Independent Director of the Corporation.
He is President and Chief Operating Officer of Ayala Corporation, one of the Philippines' largest conglomerates involved in real estate, financial services, telecommunications, water, electronics, automotive, power, transport, education, and healthcare. He is Board Chairman of Ayala Land and Manila Water Company and sits on the board of various companies in the Ayala group, including the Bank of the Philippine Islands, Globe Telecom, and the Ayala Foundation.
Mr. Zobel de Ayala is a member of the INSEAD East Asia Council, and the World Presidents' Organization. He is a board member of Habitat for Humanity International and chairs the steering committee of its Asia Pacific Capital Campaign. He also serves on the board of the Asia Society and is a member of the Asia Philanthropy Circle.
In the Philippines, he is a board member of the following companies: Philippine National Museum; Caritas Manila; Pilipinas Shell Petroleum Corporation; and Pilipinas Shell Foundation, Inc.. Mr. Zobel de Ayala holds a liberal arts degree from Harvard College and a CIM from INSEAD, France.
Nina Perpetua Datu Aguas, Non-Executive Director (Filipino) – elected as Non-Executive Director of the Corporation on 10 August 2021.
Nina is currently the Executive Chairperson of The Insular Life Assurance Company (InLife), and Insular Health Care, Inc., and Chairperson and President of the Insular Foundation, Inc. She also sits on the Board of the Insurance Institute for Asia and the Pacific (IIAP).
She holds directorships in two other Publicly Listed Companies: Union Bank of the Philippines, and Monde Nissin Corporation. She has served as Chairperson of the Board of Bank of Florida from 2019 to 2021.
She was a member of two international organizations: Advisory Council for Gender and Development of the World Bank Group; Advisory Board of Ascort Asia Group – Indonesia.
Prior to InLife, she was a Director, President and CEO of the Philippine Bank of Communications (PBCOM); a former Managing Director and Head of Private Bank - Asia Pacific, former Managing Director and Retail Banking Head - Asia Pacific of the Australia and New Zealand (ANZ) Banking Group, Ltd. (ANZ Group).
She received the Citibank’s Distinguished Alumni for Leadership and Ingenuity in 2021, Forbes Magazines’ 25 Asia Power Businesswomen, and Business Insider’s 100 People Transforming Business in Asia, in 2019, and the Filipina Women Network (FWN) 100 Most Influential Filipina Women Leaders in the World™ in 2013.
Nina obtained her Bachelor of Science degree in Commerce, major in Accounting, from the University of Santo Tomas, and is a Certified Public Accountant.
Luis C. la Ó(Filipino) is the newly elected Non-Executive Director of the Corporation.
He is the Non-Executive Vice Chairman of the Board of The Insular Life Assurance Co., Ltd. Before he became the Chairman of Insular Life, he first joined as a Non-Executive Trustee on 22 January 2015. He was a former Chairman of the Board of Directors of MAPFRE INSULAR Insurance Corporation. He previously occupied the following roles: Regional Vice President for Asia of the MAPFRE Group- Spain, President of Provident Insurance Corporation of the Soriano Group and Senior Vice President of Universal Reinsurance Corporation of the Ayala Group. He obtained his Bachelor of Science degree in Management at Ateneo de Manila University. He completed his Master’s degree in Business Management from De La Salle University. He also finished a course on General Insurance from the College of Insurance, Chartered Institute of London, United Kingdom. In 2016, he attended a seminar on corporate governance.
Amando M. Tetangco, Jr. INDEPENDENT DIRECTOR (Filipino) – was the newly elected Independent Director of the Corporation. He was a career central banker, occupying different positions in Bangko Sentral ng Pilipinas (“BSP”) in a span of over three decades. He was formerly the Governor of the BSP for 12 years, Chairman of the Monetary Board, Anti-Money Laundering Council (AMLC), Deputy Governor in-charge of the Banking Services Sector, Economic Research and Treasury of the BSP, and Vice-Chairman, Agriculture Credit Policy Council (ACPC).
He is an Independent Director and the Chairman of the Related Party Transaction and Corporate Governance Committees of Belle Corporation. He is a member of the Capital Market Development Council (CMDC), Export Development Council (EDC), PhilExport Board of Trustees (PHILEXPORT), Philippine Export-Import Credit Agency (PHILEXIM); and Director of Philippine Deposit Insurance Corporation (PDIC), National Development Council (NDC) and National Home Mortgage Finance Corporation (NHMFC). He was the recipient of various awards here and abroad. He was conferred the Order of Lakandula with the Rank of Bayani by the President of the Philippines in 2009 and the Order of the Rising Sun, Gold and Silver Star by the Emperor of Japan in 2019. He also received multiple recognition by a number of international organizations as one of the best central bank governors and was voted as MAP Management Man of the Year in 2015.
He obtained his economics degree from the Ateneo de Manila University, cum laude, and his Master’s in Public Policy and Administration with concentration in Development Economics at the University of Wisconsin-Madison, USA as a Central Bank scholar. He attended various training programs at different institutions including the Harvard Business School and the New York Institute of Finance.
Cesar G. Romero DIRECTOR (Filipino) - is the current President and Chief Executive Officer of the Corporation effective 01 November 2016.
He is responsible for the management and capital investment associated with the Global Retail business’ physical assets worldwide. This includes network planning, real estate, petrol station construction, facilities maintenance, soil and groundwater services, HSSE, and Continuous Improvement. From September 2009 up to July 2013, he was the Vice President of Retail Sales and Operations East which is accountable for the Operating Profit and Loss of the Shell Retail Petrol stations in SE Asia, South Asia, and China. During his four-year tenure, the Shell Retail East’s operating profit grew by an average of 10% per annum with improved HSSE performance highlighted by a 3 fold reduction in station robberies.
Cesar is a member of the Shell Global Retail Leadership team which sets policies, strategy, annual business targets, capital allocation, and operations for Shell’s Downstream Retail Business comprised of over 43,000 petrol stations in the world, the largest single branded retailer in the world. Prior to that role, he was the Vice President for Supply – East based in Singapore from July 2007 to July 2009. Before that, he was in London as the Vice President for Downstream Management Consultancy, which he held concurrently with the role of Business Assistant to the Executive Director for Shell’s Global Downstream Business.
He joined Shell Philippines in 1987 as a Refinery Engineer and has had further assignments in Supply Planning, Strategy, and Lubricants. In 1995, he was posted to Shell Centre, London to work in Shell’s Scenario Planning Team, and later in the Strategy and Portfolio Team of the East/Asian Regional Office. Immediately, prior to coming to the UK a second time, he was the General Manager for Retail for Shell Philippines & North Pacific Cluster.
Cesar holds a Bachelor of Science in Mechanical Engineering (cum laude) from the University of the Philippines, and a Masters in Business Administration (with High Distinction) from the University of Michigan. He has also attended a variety of management development courses at the London Business School and the Wharton Business School. He is married with 2 sons, 12 and 14 years old.
Reynaldo Abilo DIRECTOR (Filipino) is a newly appointed Director of the Corporation since 01 January 2021. He is likewise the Vice President-Finance, Treasurer and Chief Risk Officer of the Corporation. He is also a director on the boards of other Shell-affiliated companies. Prior to his current assignment, he was the Corporate Assurance Manager that established the assurance and internal audit function of the company. Mr. Abilo joined Shell in 2009 as the Retail Economics Manager in the Philippines where he distinguished himself by winning the 2012 Global CFO award for site profitability analysis and 2013 Downstream Director Award for Dealer Operated platform strategy. From 2012 to 2016, he was the Global Planning & Appraisal Manager for Marine Lubricants as well as Project & Economics Lead for Downstream Global Commercial (“GC”) based in Singapore where he successfully managed the various planning, appraisal, and reporting processes for Marine and capital investments in GC. In addition, he was appointed as Special Projects Advisor supporting the Global Downstream Marketing Growth Strategy as the Finance Lead. Prior to Shell, he worked in Ernst & Young and Colgate-Palmolive for a number of years in various finance positions in supply chain, sales and marketing. He is a Certified Public Accountant with over 16 years of experience in audit, accounting, economics, strategy development, business performance management, and commercial decision support. He graduated Cum Laude from the University of the Philippines (Diliman) with a Bachelor’s degree in Business Administration and Accountancy. He placed 11th in the October 2004 CPA Board exams.
Randolph (Randy) T. Del Valle DIRECTOR (Filipino-British) – Randy is the Vice-President for Mobility (formerly Retail) since January 2020. He was appointed Executive Director of Pilipinas Shell Petroleum Corporation last January 2020 to May 2021 and then in November 2021 to present.
He is responsible of the Downstream Marketing Retail Business that covers >1,000 sites serving ~1 million customers/day enabled by a strong team of >15,000 employees, retailers and service champions. Randy brings with him more than 20 years of experience across different businesses. In his recent role Global Head of Strategy & Planning for DS Retail Network based in Singapore, he helped shape a number of important Retail Growth Projects (Russia, Indonesia, China and the US), evolved Network Strategy & Planning processes and methodology towards a holistic value maximization approach with various Integrated Retail Offers (Fuels, NFR, New Fuels including EV) and prepared the business to test new ideas in line with Energy Transition through Innovation. Prior to this, he was in Group Strategy Consultancy based in London, UK /Hague, NL where he led various high-impact projects in Upstream, Integrated Gas, Shell Business Operations and Downstream. He was also part of the selected core team member that played a pivotal role to effectively plan and execute and Shell’s largest strategic acquisition of BG Group in 2015/2016. He has also held various local, regional and global roles Retail Marketing (Global On-Site Ops Excellence-PMTDR, Cards, Payment, Loyalty, Pricing, Fuels Marketing) as well as in Sales & Operations (as Territory Manager, District Manager and Operations Manager). Randy is passionate about people development, Innovation/Energy transition development, team success and puts customers first. Randy is a Chemical Engineer where he earned his Bachelor of Science in Chemical Engineering from the University of San Carlos (USC), Cebu. He also has an MBA degree from London Business School, UK.
Rafi Haroon Basheer DIRECTOR (Pakistani) – He is a newly appointed Directors of the Corporation since 01 January 2020.
Rafi is currently Chairman of the Board of Shell Pakistan Ltd, a listed entity in Pakistan, and the Global GM Finance for Planning & Appraisal Downstream Retail and Global Commercial. He has held the following positions in the Shell Group: Global GM Finance – Specialities (August 2013– September 2015); Chief Financial Officer & Country Controller - Shell Companies in Pakistan (October 2009 – July 2013); Regional Finance Manager Asia Pacific - Shell Singapore (March 2007 – September 2009); Global Governance and Assurance Manager (January 2005 – February 2007); M&A Finance Advisor Asia Pacific – Shell Singapore (January 2003 – February 2004); and Retail Business Finance Manager – Shell Pakistan Limited (January 2000 – December 2002). He is member of the Institute of Chartered Accountants in England and Wales. He earned his diploma in Accountancy with distinction at the London Metropolitan University.
*An Independent Director under the ASEAN Standards shall also possess the qualifications and none of the disqualifications for an Independent Director under the Philippine Requirements provided and except that, when relevant in the application of the qualifications and disqualifications, a “substantial stockholder” shall mean a stockholder who possesses the power to direct govern, directly or indirectly the financial and operating policies of the Corporation so as to obtain benefits from its activities.