RAMON S. Ang, the president and COO of conglomerate San Miguel Corp., may become one of the board members and part owner of Asian Carmakers Corp., the main distributor of BMW luxury cars in the Philippines.
“Don Pepito and [San Miguel] Chairman Eduardo ‘Danding’ Cojuanco are very close. And he [Don Pepito] invited me. I am going to be a director this coming month [June] and an investor also,” Ang told reporters, referring to Jose “Pepito” Alvarez, who is also governor of Palawan.
“I am sure I will become a director and a shareholder. But how much will be my stake is, I don’t know yet,” Ang said.
Ang, who started out as a car trader and was a mechanical engineering graduate, said the luxury vehicle industry is very competitive in the Philippines.