Thursday, January 29, 2004
Plantersbank chairman and CEO Jesus P. Tambunting
MAP Management Man of the Year
Ambassador Jesus P. Tambunting, Chairman and Chief Executive Officers of Planters Development Bank, is the Management Man of the Year 2003.
The Management Man of the Year is a prestigious award that the Management Association of the Philippines (MAP) bestows on individuals in the business community or the government for attaining unquestioned distinction in the practice of management and for contributing to the country’s progress.
The conferment of the award to Mr. Tambunting followed a thorough, stringent selection process. The distinction of Management Man of the Year has been conferred only 25 times in the 36-year history of the award.
Mr. Tambunting was chosen for steering Planters Development Bank to phenomenal growth - from a single office in 1972 to 70 branches nationwide today. With consolidated resources of over P30 billion and capital of P2.8 billion, Plantersbank is currently the 22nd largest bank in the Philippines.
MAP took note of Mr. Tambunting’s significant role in the growth of small and medium enterprises. Moreover, he was cited for successfully attracting respected foreign financial investors - the World Bank’s International Finance Corporation, Asian Development Bank and the Netherlands Development Finance Company - to invest in the Philippines even in the most uncertain economic conditions.
Equally important, Mr. Tambunting was recognized for his role in heightening bilateral relations between the Philippines and the United Kingdom during his term as the country’s ambassador to the Court of St. James from 1993 to 1998.
During his watch, the UK became the largest European investor in the Philippines in 1998 and the biggest source of European tourists of the same year.
The criteria for the award include integrity, leadership, and management qualities, contribution to nation building and values formation, and effective stewardship within the confines of the highest standard of business and management practice, among others.
The awarding ceremony was held during the MAP Inaugural Meeting on January 26 at the Peninsula Manila.