The stockholders of Mindanao Star Bus Transport Inc., a sister company of Vallacar Transit Inc., the country’s largest bus transport group, held their annual stockholders’ meeting on Jan. 18, 2020 in Cagayan de Oro City and elected their board of directors who subsequently re-appointed Leo Rey Yanson as the president of the company.
Under the company’s by-laws, the annual stockholders’ meeting of the company should be held every third Saturday of January at its principal office in Bulua, Cagayan de Oro. The stockholders elected Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Arvin John Villaruel and Rey Ardo as members of the board of directors.
The elected directors will serve for one year until January 2021, or until their successors shall have been duly elected and qualified.
The meeting was presided over by current chairman and president Leo Rey Yanson, with Yanson matriarch Olivia Yanson as corporate secretary and treasurer.
Following the election of the directors, the board held an organizational meeting and re-appointed Leo Rey as the president and CEO of the company and Olivia Yanson as treasurer and corporate secretary.
The stockholders also ratified the acts of the board of directors led by Leo Rey Yanson.
Meanwhile, Olivia Yanson, the matriarch of the Yanson Group, led the stockholders of Bachelor Express, another sister company of VTI in the company’s annual stockholders’ meeting on Jan. 19, 2020 (Sunday) where they elected their board of directors.
The board subsequently re-appointed Leo Rey Yanson as the president of the company.
Under the company’s by-laws, the annual stockholders’ meeting of Bachelor Express should be held every third Sunday of January at its principal office in Bulua, Cagayan de Oro.
The stockholders of Bachelor Express re-elected Olivia Yanson, Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Arvin John Villaruel, Rey Ardo, Anita Chua, Daniel Nicolas Golez, Danny Lorenton, Hernan Omecillo and Alfredo Ligo Jr. as members of the board of directors. The elected directors will serve for one year until January 2021.
Following the election of the directors, the board also held an organizational meeting and re-appointed Leo Rey Yanson as the president and CEO of the company and Olivia Yanson as treasurer and corporate secretary.
Mindanao Star Bus and Bachelor Express are parts of the Yanson Group of Bus Companies which operate throughout the Philippines including in the cities of Bacolod, Iloilo, Dumaguete, Cebu, Cagayan De Oro, Butuan, Davao, Pagadian, Dipolog, Bohol and Batangas.