The board of directors of Mabuhay Vinyl Corporation announced the resignation of Evelyn L. Villanueva as Chairman/Chief Executive Officer; Chairman, Executive Committee/Executive Compensation Committee, Melanie S. Belen as Director; Member of Audit Committee, Walter C. Wassmer as Director; Member of Executive Committee and Gary B. Olivar as Director; Member of Nominations Committee. The effective date is September 24, 2015.
The board proceeded to elect the new officers to replace the resigned officers, as follows: Tetsuro Hachimura - Chairman/Chief Executive Officer
- Chairman, Executive Committee/Executive Compensation Committee.