DR. MAGDALENO B. ALBARRACIN, JR., Filipino, 87, is the Vice-Chairman of PHINMA Corporation. He has been a Director of the Company since 1980. He is a member of the Executive Committee and Risk Oversight Committee.

He is the Vice Chairman of Philippine Investment Management, Inc. (PHINMA, Inc.) and the Chairman of PHINMA, Inc.’s Executive Committee. He has been with PHINMA, Inc. since June 23, 1971. He is a Member of the Board in all companies under the PHINMA Group.

Dr. Albarracin was President and a former director of Holcim Philippines, Inc. He was a member of the Board of Regents of the University of the Philippines (UP) as well as Board of Trustees of UP Engineering Research and Development Foundation, Inc. (UPERDFI). He was the Chairman of the Board of Trustees of the University of San Carlos, Cebu City. He served as Dean of the UP College of Business Administration and was President of the ASEAN Federation of Cement Manufacturers.

Dr. Albarracin has a Bachelor of Science degree in Electrical Engineering from UP and a Master of Science degree in Electrical Engineering from the University of Michigan. He obtained his Master in Business Administration degree from UP and his Doctorate in Business Administration from Harvard University. He attended the Corporate Governance Orientation Program of the Institute of Corporate Directors on November 7 & 8, 2023.