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Tomas I. Alcantara (Photo credit: https://www.acr.com.ph)
Taking his place is his older brother, Nicasio I. Alcantara, who will be pursuing the company’s aggressive expansion projects in the power sector, primarily renewable energy as the next focus of its investments trajectory.
ACR announced that Tomas Alcantara, known to their employees and executives as “TIA”, will remain as board director in the company. No particular details were given on his current state of health, which prompted his decision to finally pass the baton to another family member in leading their corporation.
Nicasio I. Alcantara (Photo credit: https://acrmc.com.ph/)
February 19, 2021 | 12:05 am Font Size
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ALSONS Consolidated Resources, Inc. (ACR) on Thursday has named a new president and chairman to lead the firm starting March.
In a disclosure to the local bourse, ACR said that Nicasio I. Alcantara would be the next president and chairman of the company, which was helmed by Tomas I. Alcantara.
It said Tomas Alcantara decided to retire for health reasons, but would remain a director of the company. His retirement would take effect on March 1, the firm said.
Nicasio Alcantara previously led ACR as its chairman and president from 1995 to 2001. From 2001 to 2009, he was the chairman and chief executive officer of Petron Corp. At present, he is the chairman of ACR Mining Corp. and an independent director of Phoenix Petroleum Philippines, Inc.