SP NEW ENERGY CORPORATION
WINNING THE BATTLE
We believe in powering the future with solar which is on its way to dominating the energy mix in the Philippines. We are optimistic that shifting to solar will save this country billions of pesos a year, and we at SP New Energy Corporation are poised to reap the rewards of disrupting fossil fuels.
Board of Directors
Leandro Antonio L. Leviste, 28, Filipino, Chairman, President, and CEO
Mr. Leviste founded the Solar Philippines Group in 2013. He has received numerous awards, including being ranked at the top of Forbes Magazine’s inaugural “30 Under 30” List for Asia in 2016. His first mall rooftop solar project was awarded the “2016 Sustainable Energy Finance Award” by The International Finance Corporation of the World Bank. His pioneering innovations won for the company the Asian Power Awards for Independent Power Producer of the Year, Dual Fuel Power Plant of the Year, and Solar Power Project of the Year. He is the youngest ever member of two of the nation’s associations of business leaders: Management Association of the Philippines and Makati Business Club. He is also a member of the National Renewable Energy Board, an official power industry body with a mission to accelerate the development of renewable energy in the Philippines.
J. Carlitos G. Cruz, 60, Filipino, Vice Chairman and Lead Independent Director
Mr. Cruz is the former Chairman and Managing Partner at SGV & Co. In his former capacity, he oversaw the Firm, ascertaining that its objectives, purpose and policies are met and are in line with SGV’s growth strategy. Prior to this role, he was the Vice Chairman and Deputy Managing Partner, and Head of Assurance. He joined SGV & Co. in 1981 and was admitted to the partnership in 1995. He led the audit of multinational and Philippine companies across various industries including power generation, energy, and manufacturing. Mr. Cruz completed the Advanced Management Program of Harvard Business School in 2007 and the Advanced International Program in Oil and Gas Management at the University of Texas in 1994. He graduated from the University of Santo Tomas with a Bachelor of Science in Commerce degree major in Accounting in 1981 and passed the licensure examination for Certified Public Accountants in 1982. Mr. Cruz is currently serving as Independent Director, and Chairman of the Risk Oversight Committee and a Member of the Audit and Corporate Governance Committees of SM Prime Holdings, Inc., Independent Director and Chairman of the Audit Committee of Federal Land, Inc., Independent Director and Co-Chairman of Risk and Compliance Committee of Transnational Diversified Group, Inc., Independent Director and Chairman of Audit and Risk Management Committee of MarCoPay Inc., Independent Director, Chairman of Risk Management committee, and a Member, Audit Committee and Corporate Governance Committee of Vivant Corporation and a Member of the Audit and Risk Management Committee and Independent Director of Solar Philippines Project Holdings, Inc. He is currently a member of the Board of Trustees of the Makati Business Club. He is also a member of the Management Association of the Philippines and Philippine Institute of Certified Public Accountants.
Hazel Iris P. Lafuente, 33, Filipino, Director
Apart from being SPNEC’s Chief Information Officer, concurrently serves as Director, Corporate Secretary and Treasurer of the company’s affiliates. She also heads the Land Acquisition and Permitting Business Units of Solar Philippines and its affiliates and the General Manager for Community Development of Countryside Investments Holdings Inc. With a solid background in both private and public sectors, Ms. Lafuente brings to the team over 14 years of experience in project management, raw land acquisition, community and stakeholder management, regulatory compliance and permitting. Prior to joining Solar Philippines, she worked at the Philippine Senate as a Legislative Staff. Ms. Lafuente graduated from the University of the Philippines with a degree in Social Sciences (Area Studies) cum laude and had taken units in Master of Public Management from the same university. She is also a certified Project Manager and a lifetime member of the Pi Gamma Mu International Honor Society in Social Sciences.
Aresty M. Lapitan, 35, Filipino, Director
Mr. Lapitan is a highly accomplished executive in accounting, financial management, and operations management. He is a Certified Public Accountant with a proven track record of streamlining business operations for growth and profitability in the Philippines and China. He took on leading roles in finance and accounting at subsidiaries of New York-based Fownes Brothers Group of Companies.. He holds a Bachelor’s Degree in Accountancy and graduated cum laude from Polytechnic University of the Philippines and a Master of Business Administration from the Ateneo Graduate School of Business. He is a member of the Philippine Institute of Certified Public Accountants.
Gino Antonio C. Cruz, 34, Filipino, Director
Mr. Cruz is a highly experienced finance professional with a decade of experience in investments, mergers and acquisitions (M&As), valuation, and capital raising. He is currently the Senior Manager for Corporate Finance for Solar Philippines. He was formerly a Private Equity Analyst with KGL Investment Company Asia where he worked closely with senior executives in the evaluation and execution of big-ticket transactions. Prior to this, he was a Senior Associate at Sycip, Gorres, Velayo & Co. (a member practice of Ernst & Young) in Transactions Advisory and M&A consulting. He is a Certified Public Accountant and has passed the Level 1 Chartered Financial Analyst Exam. He holds a bachelor’s degree in Accountancy from the De La Salle University.
Carlos Jose P. Gatmaitan, 54, Filipino, Independent Director
Mr. Gatmaitan is a fellow of the Institute of Corporate Directors. He was President and CEO of PNOC Renewables Corporation, a government-owned and controlled corporation, during the administration of President Benigno Aquino, Jr. Mr. Gatmaitan was also Director for the National Renewable Energy Board. He previously served as Director for Colorplus Production Group, Inc., Printing Industries Association of the Philippines, Dasmariñas Village Association, Inc., and Pacific Plaza Corporation, Inc. An alumnus of the Ateneo de Manila (Bachelor of Science in Business Administration) and Pepperdine University in California, USA (MBA), Mr. Gatmaitan teaches Strategy Management at the Ateneo Graduate School of Business.
Benjamin I. Espiritu, 67, Filipino, Independent Director
Dr. Espiritu has been heading seven (7) different companies and presently occupies the position of Chairman & President for Konstruktura Development Resources Corp., Chairman & Chief Executive Officer for Ormin Realty Corp., Chairman of Banco de Mindoro, Inc., President & Chief Executive Officer for Change Management International, Inc. and President & Chief Executive Officer at Roam, Inc. Dr. Espiritu is also on the board of Dizon Copper-Silver Mines, Inc., Central Azucarera de Tarlac, Inc., Ospital ng Maynila (former Chairman), and Intra Strata Assurance Corp., and Chairman of Pamantasan ng Lungsod ng Maynila and Commissioner for Philippine Sports Commission. He is also a corporate governance practitioner who has trained roughly over 5,000 directors of banks, publicly listed companies, insurance-provider organizations, and distribution utilities since 2002. He received his doctorate degree from the University of Santo Tomas, a graduate degree from National Defense College of the Philippines, and an undergraduate degree and an MBA from De La Salle University.