Dear Fellow Team Members,
I wish to inform you that we have formally created our fifth core business through the incorporation of Aboitiz InfraCapital, Inc., which will be the investment vehicle for all future infrastructure related investments of the Aboitiz Group.
With the objective of diversifying our Group earnings contribution and establishing a name in the infrastructure space, we will seek growth in selective areas in bulk water, roads, railway, airports and building materials. Our investment in RCBM was the first in this sector.
Given our historic role as a partner in Philippine progress, we have identified the urgent need to build the nation’s infrastructure as a strategic opportunity for the Group.
In line with this direction, we are spinning off AEV’s Infrastructure Business Development Team to the new SBU, the Aboitiz InfraCapital (AIC).
Aboitiz InfraCapital (AIC) – Table of Organization
We are bringing in Randall Antonio as EVP and COO. Randall has over 20 years of leadership and entrepreneurial experience in industries such as: Energy/Utilities, Supply Chain Management, Trading, Automotive, Aerospace, and Information Technology.
His most recent role is SVP and General Manager for EEI’s wholly owned subsidiaries, namely: Power Corporation, Realty, Procurement/ Supply Chain Management and Equipment Engineers Inc.
He was owner and General Manager of Autoworks Performance Engineering in San Diego, California, supplier of telematics, electronics, and OEM products for high-end automobiles. He was Project Director for Lockheed Martin Corp. and was seconded to National Aeronautics and Space Administration (NASA) where he was recognized as an intellectual asset.
Randall completed Enterprise Management Systems from the University of California and BS Electronics and Communication Engineering from Don Bosco Technical School. He lived in the US for 14 years and returned to the Philippines in 2004.
Randall will have a dual reporting line to Sabin as AIC President responsible for its operations, and to myself as Chairman and CEO focusing on growth and strategy.
I would like to seek your full support in leveraging inter-group synergies to help Randall and his team put in place the policies, processes and organizational support for Aboitiz InfraCapital to stand as a full-fledged SBU, just like the other SBUs in the Group.
Thank you for your usual cooperation.
Erramon I. Aboitiz
Aboitiz Group CEO