Central Azucarera de Tarlac announced the resignation of Jose Cojuangco Jr. as Chairman of the Board and President, Ernesto G. Teopaco as Director & VP and Marie Therese C. Reyes-McMurray, Jose Manuel C. Lopa, Victoria Elisa A. Dee as directors. The resignation was effective on October 15, 2014. The company also announced the appointment of Martin P. Lorenzo as Chairman of the Board, CEO, Member of audit committee, Member of Nomination committee and Chairman of compensation committee, Marco P. Lorenzo and Vigor D. Mendoza appointed as Directors.

Fernan Victor P. Lukban appointed as Director, Member of Audit Committee and Compensation Committee. Janette L. Pena appointed as Corporate Secretary. Cecille D. Macaalay appointed as Treasurer.

The appointments were effective on October 15, 2014. The company also announced the promotion of Fernando C. Cojuangco from COO & VP; Member of Audit & Nomination Committee to COO & President and Chairman of the Nomination Committee. Wellerita D. Aguas promoted from AVP to VP-Finance.

Addison B. Castro promoted from Corporate Secretary to Assistant Corporate Secretary. The promotions are effective from October 15, 2014.