Converge Information and Communications Technology Solutions Management

Management criteria checks 2/4

Converge Information and Communications Technology Solutions' CEO is Dennis Anthony Uy, appointed in Jan 2007, has a tenure of 17.33 years. directly owns 1.53% of the company’s shares, worth ₱1.05B. The average tenure of the management team and the board of directors is 3.3 years and 3.9 years respectively.

Key information

Dennis Anthony Uy

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	17.3yrs
CEO ownership	1.5%
Management average tenure	3.3yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO

Dennis Anthony Uy (56 yo)

17.3yrs

Tenure

Mr. Dennis Anthony H. Uy serves as Director at Axiado Corporation since November 2021. He co-founded Converge Information and Communications Technology Solutions, Inc. (formerly known as Converge ICT Solut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Anthony Uy	Founder	17.3yrs	no data	1.53% ₱ 1.0b
Maria Uy	Founder	17.3yrs	no data	1.53% ₱ 1.0b
Jesus Romero	Senior Executive VP & COO	8.3yrs	no data	no data
Owen Kieffer Ocampo	Investor Relations Director	3.3yrs	no data	0.000040% ₱ 27.3k
Elvira Oquendo	Corporate Secretary	3.9yrs	no data	no data
Laurice Esteban-Tuason	Senior VP	3.1yrs	no data	no data
Rex Emilio Azada	Executive VP	1.3yrs	no data	0.00035% ₱ 239.1k
Maria Grace de Jesus	Senior VP	no data	no data	no data
Anthony Vergel Velasco	VP & Head of Internal Audit	no data	no data	no data
Paulo Martin Santos	Executive VP & Chief Network Transformation Officer	2yrs	no data	no data
Bryan Christopher King Kay	VP and Head of Corporate Planning	no data	no data	no data
Christine Renee Blabagno	Senior VP	3.2yrs	no data	no data

3.3yrs

Average Tenure

51yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Anthony Uy	Founder	11.3yrs	no data	1.53% ₱ 1.0b
Maria Uy	Founder	11.3yrs	no data	1.53% ₱ 1.0b
Jose de Jesus	Independent Non-Executive Chairman	3.9yrs	₱4.02m	0% ₱ 0
Francisco Lim	Non-Executive Director	3.9yrs	₱4.05m	0% ₱ 0
Amando Tetangco	Independent Non-Executive Director	3.9yrs	₱4.01m	0% ₱ 0
Roman Felipe Reyes	Independent Non-Executive Director	3.9yrs	₱4.12m	0% ₱ 0
Estela Perlas-Bernabe	Independent Non-Executive Director	less than a year	₱2.06m	0.000040% ₱ 27.3k

3.9yrs

Average Tenure

70yo

Average Age

Experienced Board: CNVRG's board of directors are considered experienced (3.9 years average tenure).

Converge Information and Communications Technology Solutions Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 31, 2024

Converge Information and Communications Technology Solutions, Inc. Announces Management Changes

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ronald G. Brusola as Chief Technology Officer

Insufficient new directors

Recent updates

Insufficient new directors

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2023 earnings released: EPS: ₱1.25 (vs ₱1.01 in FY 2022)

Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 31, 2024

Converge Information and Communications Technology Solutions, Inc. Announces Management Changes

Investor sentiment improves as stock rises 16%

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023

Third quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.30 in 3Q 2022)

Investor sentiment deteriorates as stock falls 16%

Now 22% undervalued after recent price drop

Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ronald G. Brusola as Chief Technology Officer

Second quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.27 in 2Q 2022)

Now 22% undervalued after recent price drop

Insufficient new directors

Converge Information and Communications Technology Solutions, Inc. Announces Directorate Appointments

Price target decreased by 9.9% to ₱17.07

First quarter 2023 earnings released: EPS: ₱0.30 (vs ₱0.26 in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Price target decreased by 7.7% to ₱20.27

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Price target decreased to ₱23.45

Investor sentiment deteriorated over the past week

Price target decreased to ₱26.46

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 1,500 million worth of its shares.

Consensus forecasts updated

Chief Strategy Officer recently bought ₱2.7m worth of stock

Consensus EPS estimates fall by 18%

Second quarter 2022 earnings released: EPS: ₱0.27 (vs ₱0.23 in 2Q 2021)

Converge Information and Communications Technology Solutions, Inc. to Report First Half, 2022 Results on Aug 11, 2022

Investor sentiment improved over the past week

Chief Strategy Officer recently bought ₱196k worth of stock

Chief Strategy Officer recently bought ₱103k worth of stock

Converge Information and Communications Technology Solutions, Inc. Appoints Paulo Martin G. Santos as Chief Network Transformation Officer

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 6,500 million worth of its shares.

Now 24% undervalued after recent price drop

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Less than half of directors are independent

Full year 2021 earnings: EPS exceeds analyst expectations

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target increased to ₱34.61

Price target increased to ₱34.61

Price target increased to ₱33.88

Third quarter 2021 earnings released

Price target increased to ₱31.35

Price target increased to ₱31.89

Investor sentiment improved over the past week

Chief Information Officer recently bought ₱114k worth of stock

Chief Information Officer recently bought ₱87k worth of stock

Chief Operating Officer recently sold ₱1.4m worth of stock

Converge Information and Communications Technology Solutions, Inc.(PSE:CNVRG) dropped from Philippines PSE Composite Index

Second quarter 2021 earnings released: EPS ₱0.23 (vs ₱0.099 in 2Q 2020)

Investor sentiment improved over the past week

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares of agreement to acquire 60% stake in Asia Netcom Philippines Corporation from Digital Telecommunications Phils Inc. for $2.6 million.

Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares to acquire 40% stake in Digitel Crossing Inc. from Digital Telecommunications Phils Inc. for $4.8 million.

Consensus forecasts updated

First quarter 2021 earnings released: EPS ₱0.21 (vs ₱0.089 in 1Q 2020)

Full year 2020 earnings released: EPS ₱0.61 (vs ₱0.32 in FY 2019)

Full year 2020 earnings released: EPS ₱0.45 (vs ₱0.32 in FY 2019)

Earnings beat expectations, revenue disappoints

Converge Information and Communications Technology Solutions, Inc. Announces Executive Changes

Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 28, 2021

Converge Information and Communications Technology Solutions, Inc. to Report Fiscal Year 2020 Results on Mar 11, 2021

New 90-day high: ₱17.36

Converge Information and Communications Technology Solutions, Inc. Names Anthony Vergel Velasco as Internal Audit Director