ACR reorganizes

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    Alsons Consolidated Resources Inc. (ACR) yesterday announced changes in its organization with the retirement starting next month of its chairman and president, Tomas Alcantara.

    Alcantara, who will remain as president, will be succeeded by his brother Nicasio effective March 1.

    ACR’s board of directors confirmed the appointment of Alexander Benhur Simon as vice president and group chief finance officer as Antonio Miguel Alcantara will be chief investment and strategy officer.

    “Under Tomas Alcantara’s leadership, ACR helped end the Mindanao power shortage by bringing online two major power facilities that added 313 megawatts (MW) to the island’s power supply. It was because of his vision and guidance that ACR is now a major power generator with four power facilities serving over eight million people in 14 cities and 11 provinces in Mindanao,” said Tirso Santillan Jr., ACR executive vice president.