-
Oriental Port and Allied Services Corp. has elected its new Board of Directors, with Atty. Tomas Riveral re-appointed as chairman
-
The new Board, majority of whom were re-elected, will be serving until September 2025
-
The election was conducted on January 14 with 652 shareholders—representing 86% of the company’s outstanding shares—participating
Oriental Port and Allied Services Corp. (Opascor) the cargo-handling operator of Cebu International Port, has elected its new Board of Directors, with Atty. Tomas Riveral re-appointed as chairman.
The new Board, majority of whom were re-elected, will be serving until September 2025. The election was conducted on January 14 with 652 shareholders—representing 86% of the company’s outstanding shares—participating, Opascor said in a statement.
Riveral garnered the highest votes among the directors and was re-elected chairman on January 20.
The election was supervised by an Election Committee chaired by Atty. Jemarie Arisga with eight other members, “ensuring transparency and impartiality,” and was further safeguarded by the independent canvassing of Ramon F. Garcia & Company, CPAs.
Re-elected directors include Renato Arciaga, Jr.; Virgilio Basalo, Reynaldo V. Cadungog, Bartolome Lapasaran, Jr.; Riveral, Violeta Tabasa, Randy Vasquez, and Resurrection Florimae Velasco
New directors include Jonathan Fernandez, Atty. Annabel G. Pulvera-Page, and Raul Cerio Rivera.
In thanking the shareholders, Riveral acknowledged “the deep responsibility this trust carries and emphasized the Board’s shared commitment to advancing Opascor’s strength and stability for the benefit of all stakeholders.”
Opascor, meanwhile, said the recent election “is a moment of renewal and a promise of continuity. It underscores the collective resolve of Opascor to pursue excellence, uphold transparency, and embrace opportunities that inspire progress for everyone involved.”
It added: “To our shareholders, your trust propels us forward. To our employees and partners, your dedication remains the cornerstone of our journey. Together, we take this next step with gratitude and hope, ready to build an even brighter future.”
In September 2024, 267 employees, shareholders, and retired workers of Opascor signed a petition urging Opascor chairman chief executive officer Tomas Riveral and general manager Florimae Velasco to vacate their posts “to save the company from further damage/bleeding due to mismanagement and irrational decisions.”
But by October, union-member employees have agreed to refrain from any mass actions following discussions regarding alleged violations by top management.
Established in 1990, Opascor is a workers’-owned and -operated Filipino company providing port services to vessels calling at Cebu International Port in Cebu baseport. It has two subsidiaries, namely, Golden Continental Port Terminal Services, Inc. in Cagayan de Oro, and Diadem Terminal Maritime Services & Realty, Inc. in Cebu City.
(Riveral has been invited to speak at the upcoming Visayas Shipping Conference and Exhibit 2025 on February 27, 2025 at the City Sports Club Cebu.)
