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Ramon C. Ang: Corporate Leadership Journey
Oct 2, 2024
Ramon C. Ang: A Profile
Background
Current position: President and CEO of San Miguel Corporation (SMC)
Recognized as one of Asia's top corporate leaders
Joined SMC as Vice Chairman in 1999, became COO in 2002
Known for significant contributions to infrastructure and philanthropy
Growth of San Miguel Corporation
Financial Performance
:
2015: Net revenue of approximately 672 billion pesos; gross profit of 132 billion pesos.
Latest figures: Over 1.4 trillion pesos in net revenues; gross profit of about 218 billion pesos.
Early Career
Joined SMC board of directors in 1999 at age 43.
Initially perceived as an executive assistant to then-chairman Danding Co.
Prior experience in heavy equipment importation and property business, estimated net worth of $250 million at the time.
Strategic Moves in Leadership
2000
: Sought investors for a 30 billion pesos reclamation project, faced legal challenges.
2001
: Continued to face challenges with government relations affecting the company's leadership.
2002
: Became official President of SMC, a position largely viewed as a formalization of his existing role.
Acquired 10% stake in Phil Webb, a casino operator.
Expansion Strategies
2003
: Announced a 2 billion pesos bottling plant for Ginebra San Miguel; sought growth in Southeast Asia.
2004
: Established a production facility in Malaysia, acquired a Malaysian packaging firm.
2005
: Led acquisition of National Foods for $1.8 billion, contributing significantly to SMC's profitability.
Major Acquisitions and Developments
2006
: National Foods significantly contributed to SMC's profits.
2007-2008
: Continued acquisitions, including San Miguel Brewery and Bank of Commerce, despite a global recession.
2009
: Plans for retirement at age 55 were publicized, but he continued to lead SMC.
2011
: Major investment announcements including a $10 billion merger spree and acquisition of Philippine Airlines.
2012
: Acquired 11% stake in SMC, solidifying his influence and ownership.
Current Status
Through Top Frontier Investment Holdings, Ang and Inigo Zobel hold 61.78% of SMC.
Ang's journey illustrates his transformation from a businessman to a key figure in SMC's growth and success.
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