Vallacar Transit Inc. (VTI) is set to continue delivering reliable public transportation services, according to its recently re-elected chairman and president, Leo Rey Yanson.
The pledge was made during VTI’s annual stockholders’ meeting held on December 6, 2024, at the company’s headquarters in Bacolod City.
VTI is a key affiliate of the Yanson Group of Bus Companies (YGBC), the operator of Ceres Transport and one of the largest transport providers in the Philippines.
The meeting was presided over by Olivia Yanson, the Yanson family matriarch, who serves as both co-founder and court-appointed special administrator of the estate of her late husband, Ricardo B. Yanson Sr., co-founder of YGBC. Olivia was appointed to this role by a Bacolod court in October 2021. The Yanson couple established YGBC in 1968.
During the meeting, Olivia Yanson, Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Anita Chua, Arvin John Villaruel, and Daniel Nicolas Golez were re-elected to the board of directors.
Following the meeting, the board reaffirmed Leo Rey Yanson’s position as chairman and president, while Olivia Yanson retained her roles as corporate secretary and treasurer.
The Yanson Group, headquartered in Bacolod, operates a vast network of bus routes across Luzon, Visayas, and Mindanao, employing over 18,000 people nationwide.
The company operates and owns Ceres Liner Travel and Tours Inc., Ceres Transport Inc., Mindanao Star Bus Transport Inc., Bachelor Express Inc., Southern Star Bus Transport Inc., Gold Star Bus Transit Inc., and Rural Transit (Mindanao) Inc.
BusinessNews.ph