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Apr 5, 2016 @ 7:49

Alliance Select Foods CFO quits after just 4 months

Alliance Select Foods International Inc.’s chief financial officer Sofio S. Angulo Jr. has resigned after just barely three months into the job, citing personal reasons.

In a disclosure to the stock exchange, Alliance Select Foods said Angulo’s resignation takes effect on April 30, 2016 and gave no further details.

Angulo was appointed CFO, treasurer and public information officer of Alliance Select Foods on January 21, 2016. Prior to joining Alliance Select Foods, Angulo was with Manulife Financial in Japan where he worked from 2004 to December 2014.

He returned to the Philippines in January 2015 as assistant vice president in Manulife Philippines.

The CFO, treasurer, and public information officer post in Alliance Select Foods was vacant from October 15, 2015 until Angulo came in. The last person who held the post was Elmira Nate who lasted only five months.

Shareholders of Alliance Select Foods are locked in a legal battle, with its Singaporean minority shareholders suing its Filipino principals and causing a postponement in its annual stockholders meeting last year.(By: Eileen A. Mencias)


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