PHILIPPINE Stock Exchange Inc. stockholders have re-elected the bourse's board, with Jose T. Pardo continuing to serve as chairman and Ramon S. Monzon as president and CEO in an election held on Saturday.

Pardo, chairman and founder of Philippine Seven Corp., operator of 7-Eleven stores in the country, will serve another year as PSE chairman. He joined the board in January 2011 as an independent director.

He eventually took the chairmanship in May that same year.

"I am pleased to be working once again with esteemed colleagues on the [PSE] board. They have been instrumental in pursuing regulatory reforms and programs for the stock market and its stakeholders to bring PSE closer to its vision," Pardo said.

Monzon, meanwhile, will be extending the role he assumed in May 2017.

He had served as an independent director and chairman of the PSE's Audit Committee from May 2015 until 2017.

Former PSE director Edgardo G. Lacson rejoined the 15-member board as a non-broker director representing other market participants.

He had served on the PSE board from May 2011 to May 2019 and from May 2019 to July 2021.

The PSE board is composed of one president-director, five broker directors and nine non-broker directors, divided into five independent directors and four directors who will represent the interests of issuers, investors, and other market participants.

The broker directors are Diosdado M. Arroyo, Eddie T. Gobing, Wilson L. Sy, Anthony M. Te, and Ma. Vivian Yuchengco.

Aside from Pardo, the other independent directors consist of retired Chief Justice Teresita Leonardo-de Castro, Peter B. Favila, Andrew Jerome T. Gan and Vicente L. Panlilio.

Lacson will be joining other non-broker directors Ferdinand K. Constantino and Jose Arnulfo A. Veloso, while Marilyn Victorio-Aquino will represent the issuers.

The directors will serve a one-year term from July 2024 until June 2025.

PSE shares closed Friday up 0.52 percent at P194 apiece.

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