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Team Razon takes over Manila Water as JAZA, 3 Ayala execs exit board

Razon, through Trident Water Company Holdings, has six board seats following the MWC board revamp while the former majority owner, Ayala group will retain the remaining five seats.

READ: Delfin Lazaro loads up P5.8M Manila Water shares ahead of EKR takeover

Razon’s allies on the MWC board are his nephew Christian Martin Gonzalez, Donato C. Almeda, Rafael Consing Jr., Eric O. Recto (independent) and Octavio V. Espiritu (independent).

READ:Fernando Zobel, Rene Almendras back to barracks: Ricky Razon to take over as chairman, president, CEO of Manila Water in June

The Ayala directors remaining on the board are former chairman Fernando Zobel de Ayala, former president and CEO Jose Rene Almendras, Antonino T. Aquino, Sherisa Nuesa, and Cesar Buenaventura (independent) .

READ: Go with the flow! MWSS orders Maynilad, Manila Water: Don’t cut supply during MECQ

The four Ayala directors who stepped down were JAZA, Gerardo Ablaza, John Eric Francia and Delfin Lazaro.

READ: Manila Water board shakeup ahead of EKR entry: Buenaventura, Espiritu, Recto in; Cuisia, Laya, Reyes out

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