Mercedita S. Nolledo is an independent director of the Company. She also serves currently as a Director and/or officer in various capacities for Bank of the Philippine Islands, BPI Capital Corporation, BPI Family Savings Bank, BPI Foundation, Inc., BPI Investment Management, Inc., BPI Asset Management and Trust Corporation, Xurpas, Inc., Ayala Foundation, Inc., Ayalaland Commercial REIT, Inc., Anvaya Cove Beach & Nature Club, Michigan Holdings, Inc., and Sonoma Properties, Inc..

Mrs. Nolledo obtained a B.S. in Business Administration and Accountancy (Magna Cum Laude and class valedictorian) and a Bachelor of Laws (LI.B degree – cum laude and class valedictorian) from the University of the Philippines. She placed 2nd in both the Certified Public Accountant exams and bar exams in 1960 and 1965, respectively.