CDC board elects chair, president-CEO


    CLARK FREEPORT – The board members of the Clark Development Corporation (CDC) running this freeport have formalized the appointments of the government-owned firm’s new chairman and president by electing them before the Christmas break.

    The regional office of the Philippine Information Agency (PIA) said the board elected former Pilipinas Shell executive Eliseo Santiago, an engineer, as CDC chairman, and Arthur Tugade, a lawyer-businessman, as CDC president and chief executive officer.

    Earlier, Pres. Aquino signified to the CDC board his endorsement of Santiago and Tugade as top executives of the CDC which is the implementing arm of the Bases Conversion Development Authority (BCDA) in this freeport.

    The two posts were rendered vacant by former Armed Forces Chief of Staff Eduardo Oban, Jr. who was appointed as Undersecretary for Operations at the Department of Transportation and Communication (DOTC).

    Santiago was a high-ranking executive at Shell for 38 years, leading the firm in various capacities in the areas of manufacturing, supply, trading, sales, and general management, the PIA said.

    “A frequent traveler owing to the nature of his work, Santiago would oversee the company’s retail operations in many parts of the world, including the United Kingdom, the Caribbean, Singapore, and Thailand,” the PIA noted.

    The PIA said that “while holding several positions in the regional operations of Shell, Santiago was responsible for maintaining the company’s growth and profitability in established East Asian markets which include Malaysia, Hong Kong, Singapore, the Philippines, the North Pacific Islands, Thailand, Laos, Australia, New Zealand, Oman and Pakistan.”

    On the other hand, Tugade is the founder of Perry’s Holding Corporation, the management arm of Perry’s Group of Companies which includes companies named as Transglobal Equipment Leasing, Perry’s Technology, ATP Travel, Perryome, Perry’s Farm, Transglobal Trucking, and Transglobal Consolidators, Inc.

    “His career includes the chairmanship and presidency of several firms, notably Yusen Air & Sea Services, Transnational Diversified Group,Inc., TDG Asia Corp., and Harmony Organic Farms, Inc., among others,” the PIA also noted.

    Tugade is an alumnus of San Beda College, earning his degree in AB Philisophy (Magna Cum Laude) in 1967, and Bachelor of Laws in 1971(Cum Laude).

    Also elected as CDC director was Cresencio Aquino, managing partner of the CP Aquino and Partners Law Office. Aquino has had extensive experience in both the public and private sector, particularly in the fields of legal and corporate restructuring, management, human resources, and collection matters.

    Aquino served as corporate legal counsel of MBF Card and One Card Corp. from June 1998 to May 2004, and was the special assistant and chief legal counsel of the Government Service Insurance System from September 1992 to June 1998, the PIA reported.

    “He was also the personnel and administrative manager, corporate secretary and chief legal counsel of ComSavings Bank from September1992 to June 1998,” the PIA said.


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