Cesar Purisima joins URC board
Universal Robina Corp., the food and beverage manufacturing unit of taipan John Gokongwei, has appointed former Finance Secretary Cesar Purisima as independent director.
Purisima, who also served as the chairman of the Cabinet Economic Development cluster and member of the Monetary Board of the Bangko Sentral ng Pilipinas, will head URC’s audit committee and sit as member of the board risk oversight committee.
He joins URC at an exciting time as the regional consumer powerhouse tries to address the short-term challenges to profitability brought about by a weak peso as well as inflationary pressures.
Purisima was reconized 7 times in 6 consecutive years by various institutions for successfully restructuring the country’s debt and boosting the Philippines’ credit ratings.