Global-Estate Resorts, Inc. Approves Executive Appointments
June 27, 2018 at 09:43 pm
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Global-Estate Resorts, Inc. announced that at its AGM held on June 28, 2018, the company elected Jesus B. Varela as Lead Independent director and Marie Emelyn Gertrudes C. Martinez as head of legal. The company also approved the appointment of Dr. Andrew L. Tan as chairman of the executive committee, Monica T. Salomon, Lourdes T. Gutierrez- Alfonso and Wilbur L. Chan as members of the executive committee, Cresencio P. Aquino as chairman of the audit committee, Jesus B. Varela and Kevin Andrew L.Tan as members of the audit committee, Jesus B. Varela as chairman of the corporate governance committee, Cresencio P. Aquino and Kevin Andrew L.Tan as members of corporate governance committee.
Global-Estate Resorts, Inc. is a Philippines-based company, which is primarily engaged in the development of integrated tourism and leisure estates and integrated lifestyle communities consisting of residential, retail, hotel and/or leisure components in natural resort settings. The Company also engages in land acquisitions and maintains an inventory of raw land for future development. The Company's segments include Real Estate, Rental, Hotel Operations, Service Income and Corporate and Others. The Real Estate segment is engaged in the development and sale of residential and office projects. The Rental segment includes leasing of office and commercial spaces. The Hotel Operations segment includes hotel services, sale of food and beverages, and parties and events services. The Service Income segment relates to maintenance of golf courses. The Corporate and Others segment includes marketing services, general and corporate income and expense items.