JG Summit Holdings Management

Management criteria checks 3/4

JG Summit Holdings' CEO is Lance Gokongwei, appointed in Jan 2002, has a tenure of 22.83 years. directly owns 7.59% of the company’s shares, worth ₱13.87B. The average tenure of the management team and the board of directors is 3.3 years and 15.6 years respectively.

Key information

Lance Gokongwei

Chief executive officer

₱710.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	22.8yrs
CEO ownership	7.6%
Management average tenure	3.3yrs
Board average tenure	15.6yrs

Recent management updates

Recent updates

CEO

Lance Gokongwei (57 yo)

22.8yrs

Tenure

₱710,000

Compensation

Mr. Lance Y. Gokongwei is an Director of SP New Energy Corporation since May 10, 2024. He serves as Member of Advisory Council at Bank of the Philippine Islands since February 2023. He is Transaction Advis...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	President	22.8yrs	₱710.00k	7.59% ₱ 13.9b
Patrick Henry Go	Executive Director	1.3yrs	₱710.00k	0.0018% ₱ 3.2m
Brian Go	Chief Finance & Risk Officer	3.3yrs	no data	0.030% ₱ 54.4m
Ma. Cristina Bellaflor Alvarez	Chief Information Officer	1.5yrs	no data	no data
Maria Celia Fernandez-Estavillo	Chief Legal Officer & Corporate Secretary	7.7yrs	no data	0.000070% ₱ 127.9k
Laurinda Rogero	Chief Compliance Officer	2.7yrs	no data	no data
David Gulliver Go	Chief Human Resources Officer	3.3yrs	no data	0.00058% ₱ 1.1m
Renato Salud	Chief Corporate Affairs & Sustainability Officer	8.7yrs	no data	no data
Michael Liwanag	Chief Strategy Officer	2.3yrs	no data	0.0014% ₱ 2.6m
Lisa Gokongwei-Cheng	Chief Digital Officer	no data	no data	1.94% ₱ 3.5b
Rya Aissa Agustin	Chief Audit Executive	3.3yrs	no data	no data
Aldrich Javellana	Senior VP & Treasurer	12.8yrs	no data	no data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: JGS's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	President	34.8yrs	₱710.00k	7.59% ₱ 13.9b
Patrick Henry Go	Executive Director	24.8yrs	₱710.00k	0.0018% ₱ 3.2m
Antonio Go	Lead Independent Director	6.5yrs	₱920.00k	0% ₱ 0
Johnson Robert Go	Non-Executive Non-Independent Director	19.3yrs	₱710.00k	0.00058% ₱ 1.1m
James Gokongwei	Chairman	34.8yrs	₱815.00k	2.08% ₱ 3.8b
Robina Gokongwei-Pe	Non-Executive Non-Independent Director	15.6yrs	₱710.00k	2.53% ₱ 4.6b
Artemio Panganiban	Non-Executive Indepedent Director	3.5yrs	₱920.00k	0% ₱ 0
Cirilo Noel	Board Observer	no data	₱675.00k	no data
Renato Tinio de Guzman	Non-Executive Independent Director	9.6yrs	₱920.00k	0.00030% ₱ 548.3k
Bernadine Siy	Independent Non-Executive Director	less than a year	no data	0% ₱ 0

15.6yrs

Average Tenure

66yo

Average Age

Experienced Board: JGS's board of directors are seasoned and experienced ( 15.6 years average tenure).

JG Summit Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

JG Summit Holdings, Inc. Approves the Election of Governance, Nomination, Remuneration, and Sustainability Committee (GNRSC) Members

JG Summit Holdings, Inc., Annual General Meeting, Jun 03, 2024

JG Summit Holdings, Inc. Announces Executive Changes

Chief Strategy Officer recently bought ₱1.9m worth of stock

JG Summit Holdings, Inc. Appoints Patrick Henry C. Go as Executive Director, Effective August 1, 2023

JG Summit Holdings, Inc. Announces Management Changes

Recent updates

Price target decreased by 8.5% to ₱40.63

Consensus EPS estimates increase by 16%

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.5% to ₱44.38

JG Summit Holdings, Inc. Approves the Election of Governance, Nomination, Remuneration, and Sustainability Committee (GNRSC) Members

Dividend increased to ₱0.42

First quarter 2024 earnings released: EPS: ₱1.46 (vs ₱0.61 in 1Q 2023)

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 5, 2024

GoTyme Bank Corporation acquired SAVii New Cross Private Limited.

Full year 2023 earnings released: EPS: ₱2.53 (vs ₱0.12 loss in FY 2022)

JG Summit Holdings, Inc., Annual General Meeting, Jun 03, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

JG Summit Holdings, Inc. Announces Executive Changes

Chief Strategy Officer recently bought ₱1.9m worth of stock

Second quarter 2023 earnings released: EPS: ₱0.67 (vs ₱0.062 loss in 2Q 2022)

JG Summit Holdings, Inc. Appoints Patrick Henry C. Go as Executive Director, Effective August 1, 2023

JG Summit Holdings, Inc. Announces Management Changes

Upcoming dividend of ₱0.40 per share at 0.8% yield

First quarter 2023 earnings released: EPS: ₱0.66 (vs ₱0.37 loss in 1Q 2022)

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 14, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ₱50.37

Less than half of directors are independent

Price target decreased to ₱50.37

Price target decreased to ₱56.20

Second quarter 2022 earnings released: EPS: ₱0.09 (vs ₱0.078 in 2Q 2021)

JG Summit Holdings, Inc. Announces Change in Designation, Promotion and Appointment of Officers

Jg Summit Holdings, Inc. Announces Resignation of Carlos G. Santos, as Vice President, Corporate Services and Chief Information Officer

Upcoming dividend of ₱0.40 per share

First quarter 2022 earnings: EPS misses analyst expectations

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on June 14, 2022

Less than half of directors are independent

Full year 2021 earnings: EPS misses analyst expectations

JG Summit Holdings, Inc. Announces Appointment of Laurinda R. Rogero as Chief Compliance Officer

Third quarter 2021 earnings released: ₱0.45 loss per share (vs ₱0.11 profit in 3Q 2020)

Price target increased to ₱67.24

Non-Executive Director Lily Ngochua has left the company

Second quarter 2021 earnings released

Senior VP, CFO & Compliance Officer Francisco Del Mundo has left the company

Senior Vice President of Corporate Human Resources Group Nicasio Lim has left the company

Upcoming dividend of ₱0.38 per share

JG Summit Holdings, Inc. Approves Regular Cash Dividend, Payable on July 7, 2021

First quarter 2021 earnings released: EPS ₱0.016 (vs ₱0.25 in 1Q 2020)

Full year 2020 earnings released: ₱0.06 loss per share (vs ₱4.16 profit in FY 2019)

JG Summit Holdings, Inc., Annual General Meeting, May 14, 2021

Analysts update estimates

Investor sentiment deteriorated over the past week

New 90-day low: ₱60.80

Analysts update estimates

New 90-day high: ₱74.15

Meralco PowerGen Corporation entered into an agreement to acquire additional 30% stake in Global Business Power Corporation from JG Summit Holdings, Inc. (PSE:JGS) for PHP 12 billion.

Analysts update estimates

Price target raised to ₱54.04

Third quarter 2020 earnings released: EPS ₱0.11

Revenue and earnings miss expectations

Market bids up stock over the past week

New 90-day high: ₱74.00

Jg Summit Holdings, Inc. Announces Demise of Emmanuel "Boyet" B. De Pano, Vice President of Corporate Internal Audit

New 90-day high: ₱69.55

New 90-day high: ₱64.25

New 90-day high: ₱66.60

New 90-day low: ₱59.30

Analysts update estimates

Price target raised to ₱51.94

First half earnings released

CEO

Tenure

Compensation

Leadership Team