The board of directors approved on March 3, 2022 the appointment of Karen Chung as vice president (VP) of First Philippine Holdings Corporation (FPH).
As head of finance at FPH, Chung leads the financial planning for the company, including the development, analysis and consolidation of assumptions and projections of subsidiaries into an overall parent budget and funding plan. She leads the analyses of the FPH investment portfolio to support management decision making, and provides business development support to FPH and its subsidiaries.
Chung has been with the FPH Group since March 1, 2012, starting as assistant vice president for corporate finance at First Philippine Electric Corporation. She joined FPH in 2015 and became its head of finance in 2021.
Prior to joining the group, Chung worked for real estate investment company Capmark Philippines Inc., the Philippine National Bank and the Guoco Group. She holds a BA Economics degree from the Ateneo de Manila University.
Meanwhile, Jay Joel Soriano was appointed VP and head of strategy and planning of First Gen Corporation in February.
Soriano is a business development expert and has held executive and management positions in various companies. He holds a master of business administration degree from Harvard Business School and a management engineering degree from Ateneo.