Jose C. Ibazeta

Non-Executive Director

Mr. Ibazeta has been a Director of ICTSI* since December 1987. In 2009, he was named as a Trustee and the Vice President of ICTSI Foundation, Inc. He is a member of the Nomination Committee and was a member of the Audit Committee of ICTSI* until April 2010 . He also served as ICTSI’s Treasurer until February 2007, when he was appointed as the President of the Power Sector Assets and Liabilities Management Corporation (PSALM) by the President of the Republic of the Philippines. He served as PSALM President and Chief Executive Officer (CEO) from March 1, 2007 to March 30, 2010. In April 2010, he declined his nomination to be a Director of ICTSI by reason of his appointment as the Acting Secretary of the Department of Energy, a position he held from April 1, 2010 until June 30, 2010. He was re-elected as a Director of ICTSI* in August 2010.

Mr. Ibazeta is a Consultant to the Chairman of the Board of A. Soriano Corp.; a Director of A. Soriano Corp.*; Anscor Consolidated Corp.; Anscor Property Holdings, Inc.; Minuet Realty Corp.; Anscor Land, Inc.; Phelps Dodge Philippine Energy Products Corp.; Newco, Inc.; Seven Seas Resorts and Leisure,Inc.; A. Soriano Air Corp.; Vicinetum Holdings, Inc.; Vesper Industrial and Development Corp.; and AG&P International Holdings, Ltd.  He is also Chairman and President of Island Aviation, Inc., Director and the President of both Seven Seas Resorts and Leisure, Inc. and Pamalican Resort, Inc.  Mr. Ibazeta is the founder, Chairman and a Director of Philippine Stratbase Consultancy, Inc.

Mr. Ibazeta is a member of the Finance Committee of the Ateneo de Manila University and the Board of Trustees of Radio Veritas and St. James the Great Parish Foundation. He received his Bachelor of Science in Economics degree from the Ateneo de Manila University in 1963 and his Master’s Degree in Business Administration from the University of San Francisco in 1968. He completed all requirements for an MBA in Banking and Finance from New York University in 1975.

* Publicly-listed Corporation