Saturday 19 January
Apr 8, 2016 @ 17:57

Find out how much RSA, execs get from Petron

 

The take home pay of Bilyonaryo Ramos S. Ang and other highly paid executives of Petron Corp. continued to exceed the salaries and bonuses of all other officers and directors of the listed oil company.

RSA, who is president and chief executive officer of Petron, together with general manager Lubin Nepomuceno, chief finance officer Emmanuel Era?a, vice president for refinery Freddie Yumang, and vice president for national sales Archie Gupalor are estimated to receive P95.83 million in salaries and bonuses this year.

The expected take home pay of RSA and the four highly paid executives of Petron this year are 11.62 percent lower than last year?s P108.43 million due to lower bonuses.

On the other hand, all other officers and directors of the oil company expect to earn P70.75 million in salaries and bonuses this year or about three percent lower than last year?s P72.9 million.

Aside from RSA and Nepomuceno, other directors of Petron include San Miguel Corp. chairman Eduardo Cojunagco Jr, Eric Recto, Estelito Mendoza, Jose de Jesus, Ron Haddock, Aurora Calderon, Mirzan Mahathir, Romela Bengzon, Virgilio Jacinto, and Nelly Favis-Villafuerte.

Independent directors include former Finance secretary Margarito Teves, former Supreme Court Justice Artemio Panganiban, and banker Reynaldo David.

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