Ceres bus operator affirms ‘business as usual’ despite management dispute

Posted by watchmen
July 9, 2019
Posted in HEADLINE

By Dominique Gabriel G. Bañaga

Amid an ongoing dispute over control of Vallacar Transit Inc. (VTI), parent company of the Ceres Bus Liner, between siblings Roy Yanson and Leo Rey Yanson, the company released a statement informing the public that operations remain normal.
The power struggle arose after Atty. Sheila Sison sent a press statement to members of the media last Sunday indicating Roy Yanson was appointed company president, replacing Leo Rey Yanson, who will continue to serve as a director and member of the Board of Directors.
The statement claimed a special board meeting was held to appoint a new president and replace corporate officers expected to work with the new administration.
However, a response to the statement, signed by Leo Rey Yanson, was later submitted.
The release called the meeting an “illegal action” and named Roy Yanson, Emily Yanson, Ma. Lourdes Celina Lopez, and Ricardo Yanson Jr. among the parties associated with the special board meeting.
He claimed the meeting was held without proper notice.
In a press conference yesterday, Roy Yanson’s lawyers said his as president was compliant with procedure and cited a loss of trust and confidence as the reason why Leo Rey Yanson was “voted out.”/DGB, WDJ

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