AboitizPower President and CEO Erramon Aboitiz
MANILA, Philippines--AboitizPower (PSE ticker symbol: AP) President and CEO Erramon Aboitiz was given First Place for Best CEO after being nominated by the Sell Side analysts (who belong to firms that sell investment services to both retail and institutional investors) in the recently released results of Institutional Investor Magazine’s 2011 All-Asia Executive Team Rankings. The results are gathered from a survey that recognizes Asia’s Best Investor Relations, Best CEOs, CFOs and Investor Relations (IR) Professionals according to a sector-based poll of 522 portfolio managers and investors, as well as 348 sell-side analysts. Rankings are divided into Buy Side (institutional investors) and Sell Side nominations.
AboitizPower and Erramon Aboitiz, in his capacity as president and CEO of holding company Aboitiz Equity Ventures, Inc. (PSE ticker symbol: AEV), have also earned outstanding recognition in Asiamoney’s Best Managed Company Awards 2010.Every year, the international financial magazine recognizes the top small, medium and large cap companies in each major country in the Asian region and also singles out one outstanding executive. For the Philippines, AboitizPower was named Best Large Cap Company and Erramon Aboitiz, the country’s Top Executive. The Best Managed Company and Top Executive awards are industry recognitions and not based on an open poll with completed questionnaires. Asiamoney journalists speak to people in the industry - CEOs, CIOs and senior executives from fund management and hedge fund companies, as well as senior analysts in brokerages across Asia. Companies are measured against a list of criteria including profitability, market leadership and innovation.
Aboitiz Equity Ventures, Inc. (AEV) is the publicly listed holding and investment management company of the Aboitiz Group with major investments in power generation and distribution, financial services, and food. Two of its investee companies are also listed on the Philippine Stock Exchange. AEV is consistently recognized in international surveys as among the Philippines' best managed companies and has also been cited for its commitment to good corporate governance.
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It is a major producer of Cleanergy, its brand for clean and renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolioand also has non-renewable power plants located across the country. The company owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. (For more details, please visit: www.aboitizpower.com