SM's Jose T. Sio Garners Another CFO Award Tuesday, March 2, 2010
Source: Investor Relations (02 March 2010. Pasay City, Philippines.) Philippine conglomerate SM Investments Corporation (SM) announces that its EVP and Chief Financial Officer (CFO), Mr. Jose T. Sio, garnered another award as CFO of the Year for the Philippines, this time from Hong Kong-based The Asset magazine. Mr. Sio is an inaugural recipient, as it is the first time that such an award is being given out by The Asset.
The Asset is a leading and prestigious finance publication in Asia, known for providing analyses on and insights into top companies in the region. Its board of editors unanimously voted for Mr. Sio, based on the following criteria: the CFO’s work,
especially over the course of the past 12 months; important milestones achieved during the period; steps he undertook to better manage a company’s finance and treasury functions that proved to be transformational; his approach and philosophy to finance and treasury; and the adoption of best-in-class market practices.
According to The Asset, “The board of editors recognized Mr. Jose T. Sio’s overall financing approach and Philosophy, and given how SM has weathered the crisis better than most, with the landmark success of the Usd500.0 million corporate bond issue and the Php10.0 billion domestic bond issue. In addition, Mr. Jose T. Sio’s success in communicating to investors, as exemplified in SM’s top ranking in The Asset Corporate Awards 2009, the board voted unanimously to honor him for this inaugural recognition.”
The Asset adds, “By this accolade, the board also believes that Mr. Jose T. Sio’s dedicated approach should serve as an especially thoughtful role model for other CFOs in the region, who also aspire to embrace the best financing practices for their
organization.”
In November last year, Mr. Sio was also named CFO of the Year by the Financial Executives Institute of the Philippines (Finex) and Dutch bank ING.
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For further information, please contact:
Ms. Corazon P. Guidote
Vice President for Investor Relations
SM Investments Corporation
Email : cppg@sminvestments.com
Tel. 857-0117
