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Sabin Aboitiz's term as AEV chief executive extended to 2027

SunStar
(File)
May 05, 2021
THE Board of Directors of Aboitiz Equity Ventures, Inc. (AEV) on Wednesday, May 5, 2021, approved the extension of Sabin M. Aboitiz’s term as group president and CEO to December 31, 2027, from the original scheduled retirement date of December 31, 2024.
The board’s vote of confidence for Sabin comes as AEV and its business units are targeting recovery after the widespread economic disruption caused by the Covid-19 pandemic.
The Aboitiz Group posted a consolidated net income of P7.8 billion in the first quarter of 2021, a 276 percent increase from P2 billion in the same period in 2020.
“These times have indeed been extraordinary and unexpected, and the Aboitiz Group has managed to adapt and respond to them by learning from the lessons of 2020 and always working to become a future-ready organization with the commitment, passion, innovation, and resilience of our leaders and team members,” said AEV chairman End ....

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Sabin Aboitiz's term extended to 2027

Published May 6, 2021, 6:00 AM
Aboitiz Equity Ventures, Inc. (AEV) reported that its Board of Directors has approved the extension of Sabin M. Aboitiz’s term as Group President and CEO by three years.
In a disclosure to the Philippine Stock Exchange, the firm said Aboitiz’s retirement will be moved to December 31, 2027 from the original scheduled retirement date of December 31, 2024.
“The board’s vote of confidence for Sabin comes as AEV and its business units are targeting recovery after the widespread economic disruption caused by the COVID-19 pandemic,” AEV said.
Sabin M. Aboitiz
The Aboitiz Group posted a consolidated net income of P7.8 billion in the first quarter of 2021, a 276 percent increase from P2 billion from the same period in 2020. ....

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The Sabin Vaccine Institute: Vaccine Science and Policy Experts Call for Transformation of Vaccine R&D Enterprise

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WASHINGTON, May 04, 2021 (GLOBE NEWSWIRE) As the world continues to grapple with the significant impact of the COVID-19 pandemic, the global community faces an urgent need to develop an efficient, coordinated and sustainable model for a healthy and well-functioning vaccine research and development (R&D) ecosystem.
In a new report, Powering Vaccine R&D: Opportunities for Transformation, the Sabin-Aspen Vaccine Science & Policy Group uses lessons learned from the rapid development of COVID-19 vaccines to explore opportunities to overhaul vaccine R&D practices to better prepare for the next pandemic, to make strides against diseases currently without vaccines and to establish next-generation vaccines that offer meaningful improvements. ....

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Aboitiz income surges to ₱7.6B in Q1 2021

endIndex:
Metro Manila (CNN Philippines, April 28) Aboitiz Equity Ventures reported a huge jump in earnings for the first three months of 2021, as it observed strong growth across its businesses.
The listed holdings firm disclosed to the local bourse Wednesday a consolidated net income of ₱7.6 billion for the first quarter of the year, a significant increase from the ₱2 billion it reported during the same period a year ago. It likewise recognized non-recurring losses of ₱219 million during the quarter, down from the ₱262 million from January to March 2020.
“The first quarter of 2021 is solid proof that the Aboitiz Group is already making headway in its recovery and growth plans for the year,” said president and chief executive officer Sabin Aboitiz. ....

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Aboitiz Equity posts 276% rebound in Q1, nets P7.6B

Published April 29, 2021 11:49am
Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw a massive recovery in the first quarter of 2021, on the back of strong performance across its businesses.
In a disclosure to the Philippine Stock Exchange, AEV reported a consolidated net income of P7.6 billion for the January to March period, up 276% from the P2 billion recorded in the same period in 2020.
“The first quarter of 2021 is solid proof that the Aboitiz Group is already making headway in its recovery and growth plans for the year,” said Sabin Aboitiz, Aboitiz Group president and CEO.
The company said its power business accounted for 58% of the total income contributions during the period while financial services accounted for 29%. ....

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