The Board of Directors of Benguet Corporation approved the appointment of Atty. Rhodora L. Dapula as Independent Director representing Common Class A and convertible preferred Class A shares of the company, resignation of Macario Te as member of the Board of Directors of the company effective August 16, 2018, resignation of Cesar C. Zalamea as member of the Board of Directors, appointment of Mr. Reginald S. Velasco as Independent Director and the appointment of Attys. Jennelyn F. Go, Jose Raulito E. Paras, Jesse H. T. Andres and Edgar Dennis A. Padernal as members of the Board of Directors at the Board of Directors meeting held on August 16, 2018. Resignation of Macario Te as member of the Board of Directors of the company due to health reason and reason for resignation of Cesar C. Zalamea as member of the Board of Directors effective August 16, 2018 is need to personally focus on other urgent business concerns. Mr. Reginald S. Velasco as Independent Director representing common class A and coverable preferred shares of the company, he replaced Mr. Cesar C. Zalamea who resigned as Director. Reginald was a Director of U.S section-Office of American Affairs and office of Asean Affairs of the department of foreign affairs. Atty, Jennelyn F. GO as director representing common class B shares of the company. She replaced Mr. Isidro C. Alcantara Jr. who resigned as Director. Atty Jose Raulito E. Paras as Director representing common class “A” and convertible Proffered Class “A” shares of the company. He replaced Mr. Macario U. Te, who resigned as Director. Atty. Jesses H. T. Andres as Director representing common class “B” shares of the company. He replaced Mr. Arsenio K. Sebial who retired. Atty. Edgar Dennis A. Padernal as Director representing common class “B” share of the company. He replaced deceased Director Andes G. Gatmaitan.