The Board of Trustees of Kabalikat para sa Maunlad na Buhay, Inc. (KMBI) is pleased to announce the election of Mr. Eduardo C. Jimenez as its new President during its Annual General Membership (AGM) Meeting held at the corporation head office on February 28, 2015.
At the same time, the BOT announces the admission into the corporate membership and the election into the Board as a new Trustee of Mr. Eduardo Sergio G. Edeza, former National Treasurer of the Republic of the Philippines and the Treasurer of the Bangko Sentral ngPilipinas and the incumbent Senior Vice President for Treasury of San Miguel Corporation.
“Mr. Edeza’s joining us is a great support for the corporation,” said Mr. Jimenez. “His financial acumen and experience will be a much needed contribution to us as we look forward to expansion in the next five years.” Mr. Edeza, a banking and treasury expert with over 29 years of experience tucked under his belt, is back with the private sector after his stint with the government. Prior to his current post at San Miguel Corporation, he worked as Senior Executive Vice President (SVP) at Metrobank and as President of the Bank of Commerce.
Mr. Jimenez, a long-time consultant on microfinance to the Bangko Sentral ng Pilipinas and a well-known figure here and abroad on financial inclusion, replaces Mr. David D. Gutierrez, who stood at the helm of the Board as KMBI went through what is yet its most trying time in its 29 years of existence.
The new President thanked his predecessor for steering the corporation through difficult waters in the last two years, when it was wracked with a bitter intra-corporate dispute now being litigated in court.
KMBI is a non-stock, non-profit corporation established in 1986 to serve the poorest of the poor through microfinance loans.
“I am confident with Mr. Jimenez as President, KMBI is in better hands,” said Mr. Gutierrez.
Mr. Gutierrez retains the chairmanship of the BOT. He was also elected Vice President of the Corporation while Mr. Jimenez was elected Vice Chairman of the Board.
Mr. Jimenez returns to familiar grounds at KMBI. At various times, he has served the corporation before as a Trustee, Executive Director and President.
The AGM meeting was held pursuant to the Corporation Code and the KMBI By-Laws at the KMBI Head Office located at No.12 San Francisco Street, Karuhatan, Valenzuela City.
The assembly voted to elect the following members as Trusteesand Officers for the year 2015-2016, namely:
- David D. Gutierrez - Chairman and Vice President
- Eduardo C. Jimenez - President and Vice Chairman
- Atty. Romel R. Bagares - Corporate Secretary
- Edgardo F. Garcia - Corporate Treasurer
- Dr. Virginia P. Juan - Member
- Atty. Rainier Q. Chu - Member
- Bishop Jose D. Dalino - Member
- Eduardo Sergio G. Edeza - Member
These Trustees/Officers represent a balance of various disciplines – from banking, accounting and finance, development work, and economics to theology.