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November 16, 2015

RHI appoints new CFO

Roxas Holdings, Inc. (RHI; PSEi: ROX) today announced the appointment of its new Chief Finance Officer (CFO). 

In a statement, RHI Chairman and Acting President & CEO Pedro E. Roxas said Mr. Celso T. Dimarucut is appointed as the new CFO and Group Head of Finance of RHI effective December 1, 2015. He will replace Mr Armando B. Escobar, who will  go back to Roxas & Company, Inc. (RCI) as full-time CFO. 
 
Mr Dimarucut is part of the MVP Group, where he recently served as Senior Executive Vice President and Chief Finance Officer of Landco Pacific Corporation and its subsidiaries. 
 
He graduated Cum Laude at the Polytechnic University of the Philippines with a degree of BS Commerce - Accounting and started his career in SGV then moved to Hunt-URC and Rothman’s of Pall Mall (Australia). Before moving to the MVP Group, he had stints in Metrobank, Philippine Commercial Capital, and Presto, Utomo and Co. (Indonesia). 
 
Mr. Dimarucut served initially as Finance Head of Pilipino Telephone Corporation (Piltel) and later, as Comptroller of Philippine Long Distance Telephone Company (PLDT) after Piltel’s integration to Smart Communications, Inc. where he managed the overall financial reporting functions of the PLDT Group. He also worked as SVP and Group Finance Officer of ePLDT, Inc. — the information and communications technology group of PLDT. 
 
After his PLDT stint, he moved to Mediaquest Holdings where he served as SVP and Group Finance Officer.


Roxas Holdings, Inc. (RHI), a bio-sugar and bio-energy company, is the largest integrated sugar business in the Philippines. It manages sugar miller/refiner Central Azucarera Don Pedro, Inc. in Nasugbu, Batangas; sugar miller Central Azucarera de la Carlota, Inc.; ethanol producers Roxol Bioenergy Corporation in La Carlota, Negros Occidental and San Carlos Bioenergy, Inc. in San Carlos, Negros Occidental; and RHI Agri-business Development Corporation. It also holds 45% of affiliate Hawaiian-Philippine Company in Silay, Negros Occidental.

RHI is listed on the Philippine Stock Exchange (PSEi: ROX). Further information can be obtained by visiting the web at www.roxasholdings.com.ph