Mr. Exequiel P. Villacorta, Jr. is an independent Director of the Company. He received his undergraduate degree from De La Salle University and an MBA from Asian Institute of Management. He is currently a director of Premium Leisure Corp. and of BDO Leasing and Finance Corporation. He served as the President and Chief Executive Officer of Banco de Oro from 1984 to 1996. He also served as President and Chief Executive Officer of TA Bank from 1997 to 2000; Senior Adviser and BSP Controller of Equitable PCI Bank, Inc. from February 2001 to January 2002; Senior Adviser and BSP Controller of Philippine Bank of Communications from December 2003 to June 2004; and a Director at Equitable PCI Bank Inc. from 2004 to June 2006.