IPM Holdings, Inc. at its AGM held on May 25, 2016, elected Isabelita P. Mercado, Gener T. Mendoza, Antonio Victoriano F. Gregorio III, Francis Neil P. Mercado and Rhodora G. Uy as regular directors. Atty. Alfredo P. Javellana II and David L. Kho elected as independent directors.

During the organizational meeting of the new Board of Directors held immediately after the stockholders' meeting, elected Isabelita P. Mercado as Chairman and Chief Executive Officer, Rhodora G. Uy as president and chief operating officer, Francis-Neil P. Mercado as Treasurer and Chief Financial Officer, Ana Maria A. Katigbak as Corporate Secretary and Jade A. Lapinig as Assistant Corporate Secretary. Also elected Alfredo P. Javellana II (Independent Director) as Chairman of Audit Committee and David L. Kho (Independent Director) Francis Neil P. Mercado as member of Audit Committee. Isabelita P. Mercado elected as Chairman of Nominations Committee and Alfredo P. Javellana II (Independent Director) Gener T. Mendoza elected as Member of Nominations Committee.

Rhodora G. Uy elected as Chairman of Compensation Committee and David L. Kho (Independent Director) Francis Neil P. Mercado as Member of Compensation Committee. The Corporate Secretary, Ana Maria A. Katigbak, was designated as the Company's Corporate Information Officer. Mr. Roberto E. Cabarco was appointed as Deputy Corporate Information Officer and as Compliance Officer under the Company's Corporate Governance Manual.