Yanson matriarch sad over sibling rivalry
Credit to Author: EUGENE Y. ADIONG| Date: Tue, 09 Jul 2019 17:04:24 +0000
BACOLOD CITY: Olivia Yanson, matriarch of the Yanson clan that owns the Yanson Group of Companies, was very emotional on Tuesday because her children were fighting over money.
The mother spoke before some 3,000 employees of the Yanson-owned Vallacar Transit Inc. (VTI), which operates Ceres Bus Lines in their resthouse in Talisay City.
Olivia said that she cut short her vacation in Hong Kong to go home after learning that his youngest son Leo Rey, president and chief executive officer of VTI was ousted by the eldest son Roy.
She said armed men hired by rival children Roy, Celina, Emily and Ricky physically took over the bus company’s compound in Barangay Mansilingan on Sunday.
She added that if she would die she would prefer leaving her money to her foundation that provides scholarships for employees rather than to her four other children.
The 3,000 employees, who expressed support for ousted president Leo Rey, did not go to work just to have a talk with Olivia, Leo Rey and Jeanette on Tuesday.
Employees under the Mindanao Alliance of Land Transport Workers Union, and the Philippine Agricultural, Commercial and Industrial Workers Union issued on Monday a manifesto of support for the leadership of Leo Ray as VTI president.
On Sunday afternoon, Shiela Sison, Roy’s lawyer belonging to the Fortun, Narvasa and Salazar Law Office, said the board of directors of VTI “announces the appointment of Roy V. Yanson as its new company President effective immediately, replacing Leo Rey Yanson who will continue to serve as Director and member of the Board.”
The statement also said the change in leadership was a result of a special board meeting held Sunday where the board also replaced corporate officers “who will work with the new company President to ensure a smooth transition of the transport firm’s administration.”
Holding on
However, in a separate statement, Leo Rey said he did not recognize the action.
“VTI, through its President and CEO Leo Rey V. Yanson, does not recognize the illegal actions of Roy V. Yanson, Emily V. Yanson, Ma. Lourdes Celina Y. Lopez and Ricardo Yanson Jr., among which is the election of Roy V. Yanson as the new President in an illegally held special meeting and illegally replacing five Vice Presidents without proper notice and only through a press statement,” the statement heed.
Leo Rey claimed he was illegally removed as president in the said meeting.
Leo Rey’s statement also condemned what he claimed as the bringing of armed men inside the company premises “sowing unnecessary fear among the employees.”
“The act of the de facto president (Roy Yanson) will surely hamper the operations of the company and spread confusion among the employees,” Leo Rey pointed out.
The family business founded by father Ricardo Yanson Sr. started in 1968.
In 1980, Ceres Liner was the dominant bus company that covered the whole province of Negros.
Their service had reached from Negros to the Visayan provinces of Iloilo, Capiz, Aklan, Cebu, Bohol, Leyte and Samar, as well as Zamboanga del Norte and Zamboanga City in Mindanao.
In 2007, it expanded to Metro Manila through Ceres Transport.
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