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 Chairman of the Board of Pilipinas Shell Petroleum Corporation since 01 January 2020.
Min Yih is likewise the Senior Vice President - Global Mobility Network and oversees the life cycle management of all Shell Mobility 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 Manila Electric Company or Meralco and D&L Industries, Inc.; as well as PLDT Beneficial Trust Fund, Tahanan Mutual Building and Loan Association, Inc. (a subsidiary of PLDT Beneficial Trust Fund), Philstar Group, 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., 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 Mitsubishi Hitachi Power System Philippines. He is Vice Chairman of DMCI Holdings, Inc., a director of Concepcion Industrial Corporation, Semirara Mining and Power Corporation, Petroenergy Resources Corporation, iPeople Inc., and DM Consunji Inc. He is also an independent director of International Container Terminal Services, Inc. and Manila Water Company, 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 a former 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 D. 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 NON-EXECUTIVE DIRECTOR (Filipino) – is a Non-Executive Director of the Corporation since 03 May 2018.
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 elected Independent Director of the Corporation on 11 May 2021. 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.
Reynaldo P. Abilo EXECUTIVE DIRECTOR (Filipino) – has been 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 EXECUTIVE DIRECTOR (Filipino-British) – 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.
Stuart Chaplin DIRECTOR (British) – was appointed Non-Executive Director of the Corporation and member of the Board Audit and Risk Oversight and Sustainability Committees on 10 August 2022.
He is currently the Vice President – Finance of Shell LNG Marketing & Trading and Shell Energy Asia & Australia, Global Shipping & Maritime. He is a former Chief Risk Officer of Shell Trading & Supply, and a trustee of Shell Foundation and a member of its audit and investment committees. He has also held the following positions in the Shell Group: Global Commercial Finance Manager & Director Shell Brand international; Global Head of Business Accounting & Analysis; Senior Manager, M&A and Financing; among others. He is currently a director of Cleantech Solar, a solar developer based in Singapore and operating across India & Southeast Asia, and FueLNG, a joint venture between Keppel Offshore & Marine and Shell, providing safe, cost-efficient and reliable solutions in LNG bunkering and LNG distribution. Mr. Chaplin earned his MA in Economics & Management at the University of St. Andrews, United Kingdom. He is a fellow of the Chartered Institute of Management Accountants (CIMA) and the Association of Corporate Treasurers (AMCT). He is previously the Deputy Chair of the Accountants in Business Committee of the International Federation of Accountants, and member of the Energy Oversight Committee, Global Association of Risk Professionals and CIMA Thought Leadership & Business Ethics Committee.
*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.