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Bacolod City, PhilippinesThursday, August 15, 2013
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YGBC founder turns over presidency,
remains chairman of bus conglomerate

The Yanson Group of Bus Companies has announced that Ricardo Yanson, its president and chief executive officer, was named the new chairman of the board of the firm effective last month.

A statement from YGBC sent to the DAILY STAR yesterday said Yanson took over through an approved board resolution, during a board meeting in June, from Olivia Yanson, who has decided to concentrate on her philanthropic activities.

Yanson’s son, Leo Rey Yanson, the former maintenance director and chief operations officer, was, meanwhile, chosen as the new president and CEO of the company.

The elder Yanson said he believes this is an excellent time for the transition to take place as it now has a well-rounded management team that fuels the enormous potential for expansion to meet the growing numbers of the general riding public.

He also encouraged the employees to give their whole-hearted support and cooperation to the new president and CEO.

For his part, the younger Yanson said he has accepted the challenges from his father and pledged full commitment to continue the legacy of his parents

The Vallacar Transit Incorporated, an affiliate of the YGBC, disclosed plans of renovating the 25,404.06-square meter North Terminal in Brgy. Bata, Bacolod to make it more comfortable and world-class.

The elder Yanson said they are rebuilding the terminal to help improve the landscape of Bacolod, and to house their units operating in northern Negros Occidental. The edifice will be his legacy to their patrons, he also said.*APN

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