JG Summit Holdings Management

Management criteria checks 4/4

JG Summit Holdings' CEO is Lance Gokongwei, appointed in Jan 2002, has a tenure of 23.33 years. directly owns 7.59% of the company’s shares, worth ₱10.49B. The average tenure of the management team and the board of directors is 3.8 years and 16.1 years respectively.

Key information

Lance Gokongwei

Chief executive officer

₱840.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	23.3yrs
CEO ownership	7.6%
Management average tenure	3.8yrs
Board average tenure	16.1yrs

Recent management updates

Recent updates

CEO

Lance Gokongwei (58 yo)

23.3yrs

Tenure

₱840,000

Compensation

Mr. Lance Yu Gokongwei is Board Adviser of Robinsons Retail Holdings, Inc. from January 1, 2025. Mr. Gokongwei is an Director of SP New Energy Corporation since May 10, 2024. He serves as Member of Advisor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	President	23.3yrs	₱840.00k	7.59% ₱ 10.6b
Patrick Henry Go	Executive Director	1.8yrs	₱840.00k	0.0018% ₱ 2.5m
Brian Go	Chief Finance & Risk Officer	3.8yrs	no data	0.030% ₱ 41.4m
Ma. Cristina Bellaflor Alvarez	Chief Information Officer & Chief Digital Officer	2yrs	no data	no data
Maria Celia Fernandez-Estavillo	Chief Legal Officer & Corporate Secretary	8.2yrs	no data	0.000070% ₱ 97.4k
Laurinda Rogero	Chief Compliance Officer	3.2yrs	no data	no data
David Gulliver Go	Chief Human Resources Officer	3.8yrs	no data	0.00058% ₱ 807.0k
Renato Salud	Chief Corporate Affairs & Sustainability Officer	9.2yrs	no data	no data
Michael Liwanag	Chief Strategy Officer	2.8yrs	no data	0.0014% ₱ 1.9m
Rya Aissa Agustin	Chief Audit Executive	3.8yrs	no data	no data
Aldrich Javellana	Senior VP & Treasurer	13.3yrs	no data	no data
Michele Abellanosa	VP of Corporate Controllership & Corporate Controller	3.8yrs	no data	no data

3.8yrs

Average Tenure

52yo

Average Age

Experienced Management: JGS's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	President	35.3yrs	₱840.00k	7.59% ₱ 10.6b
Patrick Henry Go	Executive Director	25.3yrs	₱840.00k	0.0018% ₱ 2.5m
Antonio Go	Lead Independent Director	7yrs	₱1.35m	0% ₱ 0
Johnson Robert Go	Non-Executive Non-Independent Director	19.8yrs	₱840.00k	0.00058% ₱ 807.0k
James Gokongwei	Chairman	35.3yrs	₱960.00k	2.08% ₱ 2.9b
Robina Gokongwei-Pe	Non-Executive Non-Independent Director	16.1yrs	₱840.00k	2.53% ₱ 3.5b
Artemio Panganiban	Non-Executive Indepedent Director	4yrs	₱1.22m	0% ₱ 0
Cirilo Noel	Board Observer	no data	₱675.00k	no data
Renato Tinio de Guzman	Non-Executive Independent Director	10.1yrs	₱1.22m	0.00030% ₱ 417.4k
Bernadine Siy	Independent Non-Executive Director	less than a year	₱990.00k	0% ₱ 0

16.1yrs

Average Tenure

65.5yo

Average Age

Experienced Board: JGS's board of directors are seasoned and experienced ( 16.1 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 14:46
End of Day Share Price	2025/05/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JG Summit Holdings, Inc. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Emeterio Gonzales	BofA Global Research
Russ Toribio	BofA Global Research
Ricardo Puig	Citigroup Inc

JG Summit Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

JG Summit Holdings, Inc., Annual General Meeting, May 15, 2025

JG Summit Holdings, Inc. Appoints Ma. Cristina Bellafor P. Alvarez as Chief Digital Officer

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

Recent updates

Full year 2024 earnings released: EPS: ₱2.98 (vs ₱2.57 in FY 2023)

JG Summit Holdings, Inc., Annual General Meeting, May 15, 2025

Investor sentiment improves as stock rises 20%

Price target decreased by 8.6% to ₱36.30

Consensus revenue estimates increase by 13%, EPS downgraded

Consensus revenue estimates fall by 14%

JG Summit Holdings, Inc. Appoints Ma. Cristina Bellafor P. Alvarez as Chief Digital Officer

New minor risk - Earnings quality

Third quarter 2024 earnings: EPS misses analyst expectations

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