Mitsubishi Motors Philippines Corporation (MMPC) one of the country’s leading automotive manufacturer and distributor recently announced that it has formed an independent Executive Advisory Council (EAC) which will serve as a consultative advisory body to its Board of Directors.
The establishment of the EAC shall provide expert advice and opinion to MMPC’s Board of Directors that are vital in forming corporate strategies aligned with the company’s mission, vision, and business environment. This will also guide the company in making sound and effective business decisions considering the various areas of operations and also including the effect of developments and changes in government regulations and economic policies.
To ensure the effectiveness of the EAC, MMPC has selected three seasoned management experts coming from different fields apart from the automotive industry. These are Mr. Juan B. Santos, Mr. Deogracias N. Vistan and Mr. Edgar O. Chua. These three business experts has vast management experience that are significant towards MMPC continuous expansion plan and successful business which will benefit the country.
As a background, Mr. Juan B. Santos is the current Chairman of Social Security Commission. In 2005 he also became the secretary of Department of Trade and Industry. Mr. Deogracias N. Vistan who is currently an independent director of Philippine National Bank, has held top positions with government and private banks since 1986. Mr. Edgar O. Chua is currently the Country Chairman and President of Shell Philippines and also a board member of the Energy Development Corporation.
Mr. Hikosaburo Shibata, president and CEO of MMPC believes that for a 100% Japanese owned company which is fast expanding, the sound advice and guidance from its EAC are indispensable. “We welcome their objective perspective on new marketing and business strategies providing directions that are better suited for the Philippine scenario. This is significant and advantageous not only for MMPC but for the progress of the whole nation”, Mr. Shibata said.