Business

Sytengco widow joins SBS board, 2 children promoted to vice-chair

The widow and children of the late bilyonaryo Necesito U. Sytengco are taking on a bigger role in their family’s publicly-listed chemical firm.

During a board meeting on September 17, Sytengco’s widow, Lali was elected as director of SBS.

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Lali, who has been with SBS as head of purchasing since 2001, was also promoted to take charge of the firm’s supply chain.

Sytengco’s two children – Aylene and Necesito II – were also promoted to co-vice-chair of SBS.

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Aylene is the SBS’ chief financial officer and treasurer while Necesito II is senior vice president for marketing and assistant treasurer.

Ricardo Nicanor N. Jacinto, a former managing director of Ayala Corp. and president of Habitat for Humanity Philippines. has been appointed to replace Sytengco as chair from his previous post as vice chair.

Sytengco, who passed away last March, was ranked by Fobes as the 39th richest Filipino with a net worth of $210 million in 2019.

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