New Philippine National Oil Company Board Member Appointed
President Ferdinand Marcos Jr. recently appointed Maria Sheila Cabaraban as a board member of the Philippine National Oil Company. Her term started on July 1 and will continue until June 30 of next year, sources said.
“Her appointment paper was signed by the president on July 14,” a Palace Press Officer confirmed. This move highlights the administration’s commitment to strengthening the leadership of the Philippine National Oil Company.
Experienced Leader Joins PNOC Board
Maria Sheila Cabaraban brings valuable expertise, having served as the chairman of the PNOC Audit Committee in 2024. Additionally, she was a member of the Nomination and Remuneration Committee in 2023, local leaders noted.
Her background in overseeing audit and remuneration functions equips her well to contribute effectively to the company’s governance and strategic direction.
Role of the Philippine National Oil Company
The Philippine National Oil Company plays a crucial role as a government-owned entity focused on developing and utilizing domestic petroleum and other energy resources. Through its efforts, the company supports national energy security and economic growth.
With Cabaraban’s appointment, the board gains a seasoned member who can help navigate the challenges of energy development in the country.
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