Italpinas Development Corp. (IDC) has tapped seasoned banking and financial market professionals to be part of its Board of Directors to strengthen the company’s leadership.
IDC announced the appointment of Alfonso Salcedo and Melchor Guerrero to its BoD, effective immediately. Their appointments come as IDC continues to strengthen its leadership team following the recent resignation of former independent directors Esmeraldo Magnaye and Rafael Dominguez earlier this month.
Alfonso Salcedo brings with him a wealth of experience in the financial and banking sectors, having served as president and CEO of Security Bank Corp. from 2015 to 2019. He also served as executive vice president of Bank of the Philippine Islands (BPI) from 2010 to 2015, president of BPI Insurance Group from 2000 to 2004, and president of BPI Family Savings Bank Inc. from 2004 to 2010. His strategic insights and extensive background in corporate finance will play a crucial role in guiding IDC’s future expansion plans and investment strategies.
Melchor Guerrero, a seasoned real estate professional, has an extensive track record in property development, construction, and asset management. His expertise aligns with IDC’s mission of delivering high-quality, sustainable communities that integrate innovative design with environmental responsibility. He has been involved as the lead underwriter or advisory for listings on the Philippine Stock Exchange (PSE), NASDAQ, NYSE and NSX Australia. Guerrero served as president of Ernst & Young Transaction Advisory Services, president of Municipal Finance Co. as well as vice president and head of Capital Markets Development Division and member of the PSE’s Management Committee.
IDC remains committed to upholding strong governance practices while ensuring the company remains agile in an evolving real estate landscape. The appointments of Salcedo and Guerrero reflect IDC’s proactive approach in reinforcing its leadership with individuals who share the company’s dedication to sustainability, innovation, and long-term value creation.
As IDC continues to push the boundaries of sustainable real estate development, the company looks forward to the contributions of its new independent directors in shaping a future where eco-conscious living is not just an option but a standard. With a strengthened leadership team and a clear vision, IDC is poised to solidify its position as a pioneering force in the industry, delivering projects that redefine the way communities are built in the Philippines.
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