Makati, Philippines, 11 September 2017 ― The Asian Institute of Management Board of Trustees, today announced the appointment of Peter Garrucho Jr. as Chairman of the Board. Garrucho takes over from Napoleon “Polly” Nazareno.

“I would like to extend my gratitude to Polly for his superb leadership over the last six years,” said AIM President and Dean, Dr. Jikyeong Kang. “I especially appreciate his encouragement, support, and guidance during my transition to the post of President in 2015,” she added.

Nazareno, the former President and CEO of PLDT and Smart Communications credits AIM with putting his career on “the right trajectory [that] brought me to where I am today.”

New Chairman and Board Members

Incoming AIM Board Chairman, Peter Garrucho Jr. OBE, has served in three cabinet posts for two Philippine Presidents (Corazon Aquino and Fidel Ramos). In March 2000, Queen Elizabeth conferred on him the title of Honorary Officer of the Order of the British Empire.

Prior to his appointment as Chairman, Garrucho was a member of the Institute’s Board of Trustees as well as its Scientific Research Foundation (SRF) Board.

Garrucho was also a professor at AIM, from 1971 to 1981, where he taught marketing. He graduated with an MBA from Stanford University in 1971 and has, since then, risen to the post of CEO in a number of companies most recently in the power sector.

He currently holds the post of Director at First Philippines Holding Corporation and its subsidiaries First Gen Corporation and Energy Development Corporation. He is likewise the Vice Chairman of the Franklin Baker Corporation, an agribusiness company where he holds a significant stake.

Along with the naming of a new chairman, AIM also announced that it had appointed new members to the Board of Trustees: Isidore "Sid" Consunji, President of DMCI Holdings, and Alexandra “Sandy” Prieto-Romualdez, President of the Philippine Daily Inquirer.