Company Profile Globe

8/10/2019 Company Profile Globe

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COMPANY PROFILE

Globe is a leading telecommunications company in the Philippines. Our mission is to

inspire and enrich lives through communications by way of our vision of having the

happiest customers. Through our renewed commitment of "enriching lives through ease

and relevance", our goal is to enrich everyday communications by simplifying and

removing obstacles in communication technology so that we bring our customers closer

to what matters to them most.

MISSION:

We create a wonderful world for people, businesses, and the nation.

VISION:

Happiest customers, employees, shareholders.

OUR VALUES:

We put our Customers first.

We act with integrity.Our people make the difference.

We keep things simple.

We bring new things fast and first.

We care like an owner.

We inspire and create opportunities.


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Ownership Structure

The following are the major stockholders of Globe Telecom as of 30 September 2014:

Stockholders Common % of Common Preferred % of Preferred Total % of Total

Ayala Corporation 40,351,591 30.4% - - 40,351,591 13.9%

SingTel 62,646,487 47.2% - - 62,646,487 21.5%

Asiacom - - 158,515,021 100.0% 158,515,021 54.5%

Public 29,732,500 22.4% - - 29,732,500 10.2%

Total 132,730,578 100.0% 158,515,021 100.0% 291,245,599 100.0%

Ayala Corporation

Ayala Corporation is the holding company of one of the largest, most respected and

most widely diversified business groups in the Philippines. Founded in 1834, Ayala

maintains leadership positions in real estate development, financial services,

telecommunications, water distribution infrastructure, electronics manufacturing

services, automotive dealerships, and business process outsourcing. Recently, it

expanded into other strategic sectors such as power and transport infrastructure.

Ayala maintains a tradition of excellence and integrity that has continuously run through

seven generations. It continues to contribute to Philippine economic and social growth

through its diverse business interests, maintaining its tradition of excellence in every

endeavor. Ayala continues to move further forward, drawing on its heritage and

experience to fulfill its brand promise of "Pioneering the Future".

SingTel

The SingTel Group is Asia's leading communications group, providing a wide spectrum

of multimedia and ICT solutions, including voice, data and video services over fixed and

wireless platforms.

Headquartered in Singapore, SingTel has more than 130 years of operating experience

and has played a pivotal role in the country's development as a major communications

hub. Today, it continues to lead and shape the local digital consumer market and the


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enterprise ICT market. SingTel's Australian arm, Optus, is a leader in integrated

telecommunications, constantly raising the bar in innovative products and services.

SingTel is a major communications player in Asia and Africa through strategic

investments in six regional mobile operators, namely Telkomsel (Indonesia), Globe

Telecom (the Philippines), Advanced Info Service (Thailand), Warid Telecom (Pakistan)

and PBTL (Bangladesh). The Group also has investments in Bharti Airtel (India), which

has significant presence in Bangladesh, Sri Lanka and Africa.

SingTel is a long term strategic investor and works closely with its associates to grow

the business, by leveraging its scale in networks, customer reach and extensive

operational experience. As at 30 September 2012, the SingTel Group serves 468 million

mobile customers around the world.

Asiacom

Asiacom Philippines, Inc. (Asiacom) is a subsidiary of Ayala Corporation and owns

100% or 158,515,021 of Globe's preferred shares.


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Board of Directors

The Board of Directors establishes the vision, mission and strategic direction of the

Company, hence, is the supreme authority in matters of governance. They monitor the

overall corporate performance and protect the long-term interests of the variousstakeholders ensuring transparency, accountability and fairness. Ensuring the adequacy

of internal control mechanisms, reliability of financial reporting and compliance with

applicable laws and regulations are also integrated as part of overseeing the

responsibility for risk management. Furthermore, certain matters including the approval

of corporate operating and capital budgets, major acquisitions and disposals of assets,

major investments and changes in authority and approval limits are reserved specifically

for the Board's disposition.

Name Position

Jaime Augusto Zobel de Ayala Chairman

Gerardo C. Ablaza, Jr. Co-Vice Chairman

Mark Chong Chin Kok Co-Vice Chairman

Ernest L. Cu Director, President and Chief Executive Officer

Romeo L. Bernardo Director

Delfin L. Lazaro Director

Tay Soo Meng Director

Fernando Zobel de Ayala Director

Rex Ma. A. Mendoza Independent Director

Guillermo D. Luchangco Independent Director

Manuel A. Pacis Independent Director


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Jaime Augusto Zobel de Ayala

Chairman

Mr. Zobel, 54, Filipino, has served as Chairman of the Board since December 1996 and

a Director since March 1989. He is the Chairman and CEO of Ayala Corporation.He

also holds the following positions: Chairman of Bank of the Philippine Islands, and

Integrated Micro-Electronics, Inc.; Co-Chairman of Ayala Foundation, Inc.; Vice

Chairman of Ayala Land, Inc. and AC Energy Holdings, Inc.; Chairman of HarvardBusiness School Asia-Pacific Advisory Board and Asia Business Council; Vice

Chairman of the Makati Business Club, and member of the Harvard Global Advisory

Council, Mitsubishi Corporation International Advisory Committee, JP Morgan

International Council, International Business Council of the World Economic Forum;

Philippine Representative for APEC Business Advisory Council. He graduated with B.A.

in Economics (with honours) degree from Harvard College in 1981 and obtained an

MBA from the Harvard Graduate School of Business in 1987.


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Gerardo C. Ablaza, Jr.

Co-Vice Chairman

Mr. Ablaza, 60, Filipino, has served as Director since June 1997. He is a Senior

Managing Director of Ayala Corporation and a member of the Ayala Group

Management Committee, a post he has held since 1998.He also serves as director for

Azalea International Ventures Partners, AsiaCom Philippines, Inc., LiveIt Investment

Ltd.; AC Energy Holdings, Inc., Ayala Foundation, Inc. and AG Holdings Limited. Mr.Ablaza is currently the President and CEO of Manila Water Company where he is

responsible for overseeing the financial and operational growth within Manila Water's

service areas in the Metro Manila east zone and in its expansion areas. From 1998 to

April 2009, Mr. Ablaza was the President and CEO of Globe Telecom, Inc. During this

period, he took the company from being the fourth-ranked mobile services provider to

the second-largest full-service telecom operator with a subscriber base of 25 million in

2008. Before joining the Ayala Group, Mr. Ablaza was Vice-President and Country

Business Manager for Philippines and Guam of Citibank, N.A. for its Global Consumer

Banking Business. Prior to this, he headed the Credit Payments Products Division ofCitibank, N.A. Singapore. In 2004, Mr. Ablaza was recognized by CNBC as the Asia

Business Leader of the Year, making him the first Filipino CEO to win the award. In the

same year, he was awarded by Telecom Asia as the Best Asian Telecom CEO. In 2013,

he was recognized for his consistent leadership and innovation across the banking,

investment, telecommunications and utility service industries through the Citi

Distinguished Alumni Award for Leadership and Ingenuity. He is the first and the only

Filipino to be awarded with such an honor. Mr. Ablaza graduated summa cum laude

from the De La Salle University in 1974 with a degree in Liberals Arts, Major in

Mathematics (Honors Program). As one of the most accomplished graduates of hisalma mater, he sits as a member of the Board of Trustees in various De La Salle

schools in the country.


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Mark Chong Chin Kok

Co-Vice Chairman

Mr. Chong, 50, Singaporean, previously served as a Director for one year, from 6

October 2009 to 8 October 2010. He was elected again as Director at the Annual

Stockholders' Meeting on 16 April 2013.Mr. Chong was appointed CEO of International,Group Consumer, of Singapore Telecommunications Limited (SingTel) on 14 January

2013 to oversee the growth of SingTel Group's international affiliates, strengthen its

relationship with overseas partners, and drive regional initiatives for scale and

synergies. Prior to this appointment, he was Chief Operating Officer of Advanced Info

Service Plc (AIS), the Group's associate in Thailand, in charge of sales and marketing

products, network operations, IT solutions, customer and services management. Mr.

Chong graduated with a Bachelor of Electronics Engineering and Master in Research in

Electronic Systems from ENSERG, Grenoble, France, and obtained his Master of

Business Administration from the National University of Singapore. He is also a seniorfellow with the Singapore Computer Society.


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Ernest Cu

Director, President and CEO

Mr. Cu, 53, Filipino, is currently the President and Chief Executive Officer of Globe

Telecom, Inc. He has served as Board Director since 2009.Since then, he has been

passionately driving a sweeping transformation across the company, ultimately to

deliver the superior customer experience, anchored on his primary advocacy of

Customer First. Under Mr. Cu's visionary leadership, Globe has progressively risen as afierce challenger that has successfully wrestled significant market share from

competition. In 2010, he was adjudged Best CEO by Finance Asia and was moreover

conferred the International Association of Business Communicators (IABC) CEO

EXCEL award for communication excellence in telecom and IT. In 2012, Mr. Cu earned

international accolade as CEO of the Year by Frost & Sullivan Asia Pacific. In 2013,

Ernest was the highest ranked Filipino in the Power 100 of London-based Global

Telecoms Business Magazine that recognizes the 100 most influential telecom leaders

worldwide. He also earned international accolade in 2012 as CEO of the Year by Frost

& Sullivan Asia Pacific. In 2010, he was adjudged Best CEO by Finance Asia. Prior tojoining Globe, he was the President and Chief Executive Officer of SPI Technologies,

Inc., where he received the Ernst & Young ICT Entrepreneur of the Year award in 2003.

Mr. Cu earned his Bachelor of Science in Industrial Management Engineering from De

La Salle University in Manila, and his Master of Business Administration from the J.L.

Kellogg Graduate School of Management, Northwestern University.


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Delfin L. Lazaro

Director

Mr. Lazaro, 66, Filipino, has served as Director since January 1997. He is a member of

the Management Committee of Ayala Corporation.His other significant positions include:

Chairman of Philwater Holdings Company, Inc., Atlas Fertilizer & Chemicals Inc.,

Chairman and President of Michigan Power, Inc., and A.C.S.T. Business Holdings, Inc.;

Chairman of Azalea Intl. Venture Partners, Ltd.; Director of Ayala Land, Inc., IntegratedMicro-Electronics, Inc., Manila Water Co., Inc., Ayala DBS Holdings, Inc., AYC

Holdings, Ltd., Ayala International Holdings, Ltd., Bestfull Holdings Limited, AG

Holdings, AI North America, Inc., Probe Productions, Inc. and Empire Insurance

Company; and Trustee of Insular Life Assurance Co., Ltd. He was named Management

Man of the Year 1999 by the Management Association of the Philippines for his

contribution to the conceptualization and implementation of the Philippine Energy

Development Plan and to the passage of the law creating the Department of Energy. He

was also cited for stabilizing the power situation that helped the country achieve

successive high growth levels up to the Asian crisis in 1997.


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Manuel A. Pacis

Independent Director

Mr. Pacis, 69, Filipino, has served as Independent Director since April 2011. He was

formerly a Vice President for Finance of the Procter & Gamble Company (P&G) in

Cincinnati, Ohio.He held positions of increasing responsibility in the Philippines, the US,

Mexico, China, and Japan including Chief Financial Officer of P&G Asia, and a Global

Business Unit (GBU). He also served as Vice President for Internal Controls Worldwideand Financial Systems Worldwide at P&G. His wide-ranging experiences throughout his

business career have included leadership roles in corporate governance, strategic

planning, internal audit, management systems / IT, M&A, joint ventures, and finance &

accounting.


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Romeo L. Bernardo

Director

Mr. Bernardo, 59, Filipino, has served as Director since September 2001. He is

Managing Director of Lazaro Bernardo Tiu and Associates (LBT), a financial advisory

firm based in Manila. He is also a GlobalSource economist in the Philippines.He is

Chairman of ALFM Family of Funds and Philippine Stock Index Fund. He is likewise a

director of several companies and organizations including Aboitiz Power, BPI, RFMCorporation, Philippine Investment Management, Inc. (PHINMA), Philippine Institute for

Development Studies (PIDS), BPI-Philam Life Assurance Corporation, National

Reinsurance Corporation of the Philippines and Institute for Development and

Econometric Analysis. He previously served as Undersecretary of Finance and as

Alternate Executive Director of the Asian Development Bank. He was an Advisor of the

World Bank and the IMF (Washington D.C.). Mr. Bernardo holds a degree in Bachelor of

Science in Business Economics from the University of the Philippines (magna cum

laude) and a Masters Degree in Development Economics at Williams College from

Williams College in Williamstown, Massachusetts.


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Tay Soo Meng

Director

Mr. Tay, 64, Singaporean, was elected as Director on 8 February 2011. He is the Group

Chief Technology Officer of Singapore Telecommunications Limited (SingTel) since

September 2012.He is responsible for the networks strategy, procurement, planning

and operations across both Singapore and Australia (Optus). He also provides

engineering support for SingTel's joint venture partners: India (Bharti), Philippines(Globe), Thailand (AIS), and Indonesia (Telkomsel). Prior to this, Mr. Tay was the

Managing Director for Optus Networks from 2008 and returned to Singapore as

Managing Director, Networks from 2010. Mr. Tay has supported many SingTel's interest

across Europe, Mauritius, Norway, Sri Lanka, and Vietnam assisting in the divestment

of these operations to focus SingTel in becoming Asia's leading operator. He is a

member of the Board of Directors of Next Generation Mobile Networks (NGMN) Ltd.

since July 2013. The strategy for NGMN, an alliance of mobile network operators is to

drive industry leadership in early standardization process on key mobile technologies.

He was the GSM Association's Asia Pacific Chairman in 1997, and was responsible forlooking after the interests of GSM operators in the Asia Pacific region. Mr. Tay holds an

MBA degree from the University of Leicester (England).


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Fernando Zobel de Ayala

Director

Mr. Zobel, Filipino, 53, has served as Director since October 1995. He is the President

and Chief Operating Officer of Ayala Corporation since April 2006.He is also Chairman

of Ayala Land, Inc., Manila Water Company, Inc., AC International Finance Ltd., AC

Energy Holdings, Inc., and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation,

Inc.; Director of Bank of The Philippine Islands, Integrated Micro-Electronics, Inc., LiveItInvestments, Ltd., Ayala International Holdings Limited, Honda Cars Philippines, Inc.,

Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corp., Manila Peninsula and

Habitat for Humanity International; Member of The Asia Society, INSEAD East Asia

Council, Chairman of Habitat for Humanity's Asia-Pacific Capital Campaign Steering

Committee; and Member of the Board of Trustees of Caritas Manila, Pilipinas Shell

Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board and National Museum.


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Guillermo D. Luchangco


Mr. Luchangco, 74, Filipino, has served as Independent Director since September 2001.

He is also Chairman and Chief Executive Officer of various companies of the ICCP

Group.This includes Investment & Capital Corporation of the Philippines, Science Park

of the Philippines, Inc., Pueblo de Oro Development Corp., Cebu Light Industrial Park,

Inc., Regatta Properties, Inc., and RFM-Science Park of the Philippines, Inc.; ICCPVenture Partners, Inc. and Manila Exposition Complex, Inc.; Chairman and President of

Beacon Property Ventures, Inc.; Independent Director of Phinma Corporation, Trans-

Asia Oil & Energy Development Corporation. and Roxas & Co., Inc.; and a regular

Director of Ionics, Inc. and Ionics EMS, Inc.


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Rex Ma. A. Mendoza


Mr. Mendoza, 51, Filipino, was elected Independent Director on 08 April 2014. He is the

President and Chief Executive Officer of The Philippine American Life and General

Insurance Company (Philam Life).He is also Chairman of The Philam Foundation, Inc.

and Vice Chairman of BPI Philam Life Assurance Company, Chairman and President of

Rampver Financials, and Director of Philam Properties Corporation, Tower Club, Inc.,The Freeport Area of Bataan and Esquire Financing, Inc. Prior to rejoining Philam Life,

he was Senior Vice President and Chief Marketing and Sales Officer of Ayala Land, Inc.

He was also Chairman of Ayala Land International Sales, Inc., President of Ayala Land

Sales, Inc., and Avida Sales Corporation. He currently serves as Director of the Anvaya

Beach and Nature Club, Presidentof Abrioin Nuvali, and is a member of the Globe

Advisory Council. He has a Master's Degree in Business Management with distinction

from the Asian Institute of Management and was one of the 10 Outstanding Graduates

of his batch at the University of the Philippines where he obtained a BSBA degree with

a double major in marketing and finance. He was awarded Most Distinguished Alumnusof the University of the Philippines' Cesar E.A. Virata School of Business last December

2013. He is also a fellow with distinction at the Life Management Institute of Atlanta,

Georgia, USA, a Registered Financial Planner and a four-time member of the Million

Dollar Round Table. Rex was a professor of Marketing and Computational Finance at

the De La Salle University Graduate School of Business. He taught strategic marketing,

services marketing and services strategy. He has served as Chairman of the Marketing

Departmentand was awarded as one of the University's most outstanding professors

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