Former MB member, trade exec passes away
Credit to Author: TYRONE JASPER C. PIAD| Date: Mon, 18 Feb 2019 16:28:16 +0000
Former Monetary Board member, Trade Undersecretary and Management Association of the Philippines (MAP) President Melito Salazar Jr. passed away on Saturday at the age of 69.
The cause of death was not disclosed.
“With heavy hearts, the shareholders, board of directors, officers and staff of OmniPay announce the passing of our beloved Chairman of the Board, Melito Salazar Jr., this morning (February 16),” payments services firm OmniPay, where Salazar was chairman of the board, announced in a Facebook post.
His remains lie at the Arlington Memorial Chapels & Crematory at Aeternum, Heritage Park, Bonifacio Global City and are open for viewing until February 22.
“Please join us in condoling with his family and uplift them in your prayers,” OmniPay said in its post
Salazar was part of the Monetary Board from 1999-2005 and served as Trade Undersecretary from 1995-1999.
He was MAP president in 2013 and also held various positions in firms such as Rizal Commercial Banking Corp., Concepcion Industrial Corp., InterAsia Development Bank, Quickminds Corp., Philippines First Insurance Co., Inc., Sun Life of Canada Prosperity Phil. Equity Fund, Inc., and Frontier Oil Corp.
Salazar served as dean of the School of Accountancy and Management at Central Escolar University and regent of the Philippine Normal University System.
He graduated from the University of the Philippines in 1971 with a degree in Bachelor of Science in Business Administration with major in Accounting, and also earned his MBA at the same school.
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