The Board of Directors of Union Bank of the Philippines, at a regular meeting held on June 28, 2024, approved the retirement of current CEO Edwin R. Bautista and the appointment of Ms. Ana Maria Aboitiz Delgado, currently Senior Executive Vice President, Head of Institutional Banking and Chief Customer Experience Officer and Chief Digital Channels Officer, and a member of the Board of Directors of Union Bank of the Philippines, as CEO, both effective January 1, 2025. Mr. Bautista will remain on the Board of Directors of UnionBank.