Chris Po, Century Food’s executives net 36% bump in salaries, bonuses on robust 2021 profit

Century Pacific Food (CNPF) led by bilyonaryo Chris Po harvested a windfall in compensation for a job well done in 2021.
Total salaries and bonuses of CNPF’s officers jumped 36 percent to P371 million in 2021 from P273 million in 2020.
CNPF’s top five executives – executive chairman Po, president and CEO Teodoro Po. EVP and COO Gregory Banzon, SVP and GM Edwin C. Africa; and VP and CFO Richard S. Manapat – received a 34 percent year on year rise in compensation to P124 million in 2021.
The other executive officers got a 37 percent year on year in compensation to P248 million in 2021.
CNPG reported a 20 percent increase in net income to P4.673 billion in 2021 as sales remained resilient despite rising inflation and input costs.