The Gotianun Group appointed former Jollibee Foods Corp. chief finance offer Ysmael Baysa as chief operating officer of listed holding company Filinvest Development Corp.
FDC said Baysa, who worked in the consumer sector in the fields of accounting and finance, brings with him several years of experience and expertise to his new role in the conglomerate.
FDC said the appointment of Baysa would further strengthen the conglomerate’s leadership team, as it capitalizes on emerging opportunities and leverage its diverse portfolio to create long-term value and contribute to a sustainable future.
“We are pleased to have Mr. Baysa join FDC as our new chief operating officer. His leadership skills will be invaluable in driving our strategic investments, ensuring operational excellence at the parent company and across our diverse holdings. He will also play a vital role in guiding our corporate governance and sustainability initiatives,” FDC president and chief executive Josephine Gotianun Yap said in a statement.
Baysa, as the company’s new COO, will be responsible for overseeing the group’s day-to-day operations, implementing strategic initiatives and driving the company’s growth agenda.
“With his proven track record and deep industry knowledge, he is poised to contribute significantly to FDC’s continued growth,” the conglomerate said.
Baysa retired as CFO of Jollibee in April 2022 but remained as a trustee and treasurer of the Jollibee Group Foundation.
He was named CFO of the Year by the Financial Executives Institute of the Philippines in 2010.
Meanwhile, FDC also announced the appointment of Daniel Ang Tan Chai as chief investment officer of the company. Ang Tan Chai is FDC’s former deputy chief finance officer.
Prior to joining FDC, he was executive vice-president and chief finance officer of Philippine Bank of Communications. He also served as senior vice-president and chief finance officer for Philippine Airlines and Air Philippines Express.
FDC is one of the leading conglomerates in the country with investments in banking, real estate, hospitality, infrastructure and power generation.