C00520-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jan 31, 2024
2. SEC Identification Number
PW - 686
3. BIR Tax Identification No.
000-263-340-000
4. Exact name of issuer as specified in its charter
PHILIPPINE BANK OF COMMUNICATIONS
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
PBCOM TOWER, 6795 Ayala Avenue corner V.A. Rufino St., Makati City Postal Code 1226
8. Issuer's telephone number, including area code
632-8830-7000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 480,645,163
11. Indicate the item numbers reported herein
Item No. 4 - Resignation, Removal or Election of Registrant's Directors or Officers

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine Bank of CommunicationsPBC

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Election of independent director
Appointment of officer
Background/Description of the Disclosure

The Philippine Bank of Communications (the “Bank”) wishes to inform the Philippine Stock Exchange and the Philippine Dealing & Exchange Corporation that, at the regular meeting of the Board of Directors held earlier today, the Board unanimously elected Mr. Paolo Benigno Aquino IV as independent director of the Bank to serve the unexpired term of former Dir. Emmanuel Mendoza, effective 1 February 2024.

Paolo Benigno Aquino IV, Filipino, 46 years old, is a former Senator of the Republic of the Philippines who served in the 16th-17th Congress from July 2013 to June 2019. He is currently the Chairperson of Kaya Natin! Movement for Good Governance and Ethical Leadership inc. Mr. Aquino also sits as board director of Pasajob, Inc., MEE Games, Inc. and At1ndahan, Inc. Prior to being elected as Senator, Mr. Aquino served as the President of MicroVentures, Inc., asocial enterprise company that manages the Hapinoy Program which provides micro-financing, training and access to new business opportunities for women micro-entrepreneurs. For their innovative work in micro-financing and enterprise development, Mr. Aquino received numerous awards, both locally and globally. He was named a Young Global Leader of the World Economic Forum in 2006, one of the Ten Outstanding Young Men of the Philippines in 2010, one of the Asian Social Entrepreneurs of the Year in 2011, and one of the Ten Outstanding Young Persons of the World in 2012.

Mr. Aquino finished his Executive Education Program on Public Policy and Leadership at the Kennedy School of Government, Harvard University. He graduated class valedictorian summa cum laude from Ateneo de Manila University with a degree in Bachelor of Science in Management Engineering.

In the same meeting, the Board likewise confirmed the following recommendations of the Governance Committee:
(1) Appointment of Mr. Aquino as a member of the Audit Committee,
(2) Designation of Dir. Herbosa as chairperson of Audit Committee, and
(3) Appointment of Ms. Jane K. Gocuan as Chief Strategy and Implementation Officer under the Office of the President, with the rank of Executive Vice President, effective 1 February 2024.

Ms. Gocuan is a seasoned banking professional with over 30 years of experience in the areas of customer service, relationship management, branch and management, investments, treasury, loans, and brand recognition building honed by holding various roles in multinational, government and local banks. She most recently served as the Deputy Retail Banking Segment Head of Robinsons Bank.

Ms. Gocuan graduated with a Masters in Business Management and Bachelor of Science in Business Management, both at the University of the Philippines Cebu.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
- - - -
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Paolo Benigno Aquino IV Independent Director 01/31/2024 02/01/2024 100 - -
Paolo Benigno Aquino IV Member, Audit Committee 01/31/2024 02/01/2024 100 - -
Jane K. Gocuan Chief Strategy and Implementation Officer/EVP 01/31/2024 02/01/2024 - - -
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
Teresita J. Herbosa Member, Audit Committee Chairperson, Audit Committee 01/31/2024 02/01/2024 100 - -
Other Relevant Information

Please see attached SEC Current Report (17-C) for complete details. PBCOM confirms that Mr. Aquino and Ms. Gocuan authorized the public disclosure of their personal details stated in the description.
Filed on behalf by:
Name Michael Stephen Lao
Designation Corporate Secretary