Italpinas taps banking, finance experts as new board directors

Listed property firm Italpinas Development Corp. (IDC) has tapped seasoned banking and financial market professionals to be part of its Board of Directors to strengthen the company’s leadership.

In a news release, IDC announced the appointment of Alfonso Salcedo and Melchor Guerrero to its Board, effective immediately.

"The appointment of Alfonso Salcedo and Melchor Guerrero reflects our ongoing commitment to strengthening our leadership and ensuring we have the best minds guiding our strategic direction. We are confident that their contributions will help us achieve our long-term goals and deliver value to our stakeholders,” said IDC CEO Romolo Nati.

"We are proud to be welcoming Mr. Salcedo and Mr. Guerrero to our Board of Directors. Their impressive track records and deep understanding of their respective fields of expertise make them invaluable additions to our team. We look forward to leveraging their insights and expertise as we continue to drive our company's growth and success,” said IDC president Jose Leviste III.

Salcedo has 40 years of experience in banking. He has held numerous senior positions, such as president and CEO of Security Bank from 2015 to 2019 and executive vice president of the Bank of the Philippine Islands from 2010 to 2015.

“Italpinas Development Corp. represents an exciting convergence of innovation, sustainability, and growth. I am deeply honored to join the board at such a pivotal moment in the company's journey. I look forward to contributing my expertise and collaborating with my fellow board members to drive Italpinas towards even greater achievements,” said Salcedo.

Guerrero brings with him decades of experience in finance and capital markets. He has been involved as the lead underwriter or advisor for listings on the Philippine Stock Exchange, NASDAQ, NYSE, and the NSX Australia.

“I am delighted to have been invited to serve a company that is in this exciting stage of its growth story. I look forward to providing innovative, value-added ideas to IDC and participating in the next chapters of its company life as it takes larger strides,” said Guerrero. —VBL, GMA Integrated News