Araneta Properties Inc. announced the election of Luis M. Araneta and Santiago G. Araneta as members of the Board of Directors of the company for the year 2013 -2014. SANTIAGO G. ARANETA, Filipino, 41, is the Chairman and CEO of LBC Express Inc. He is also the Chairman of LBC Mabuhay Hawaii Corporation, LBC Mabuhay Saipan Corporation and LBC Holdings USA Corp., Director and President of Rudy Project Philippines, a Director and Treasurer of LBC Properties Inc., a Director for Advanced Global Systems Inc. and LBC Mundial Inc. and Executive Vice President of LBC Development Corporation. Crisanto Roy B. Alcid has been appointed as member of Nomination Committee.