At the meeting of the Board of Directors of D&L Industries, Inc. held 04 May 2021, the Board approved the appointment of Mr. Franco Diego Q. Lao as Chief Finance Officer (CFO), Treasurer and Compliance Officer in place of Mr. Amorsolo M. Rosario to serve for the remainder of the term, effective 04 May 2021 and until his/her successor shall be elected and qualified. The Board expressed their utmost appreciation for Mr. Rosario's valuable contribution to the Company as the interim CFO, Treasurer and Compliance Officer.
D&L Industries, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, operates in four segments: Food ingredients segment, which is engaged in manufacturing a line of industrial fats and oils, specialty fats and oils, and culinary and other specialty food ingredients; Colorants and plastic additives segment, which manufactures a line of pigment blends, color and additive master batches, and engineered polymers for a range of applications; Oleochemicals, resins and powder coatings segment, which manufactures coconut methyl ester, other oleochemicals or chemicals derived from vegetable oils, resins, such as polystyrene, acrylic emulsions and polyester, and a line of powder coatings; Aerosols segment, which manufactures aerosol cans and components, and provides contract aerosol filling and compounding services, and Management and administrative segment, which provides goods and services through a contractual shared services model.