RELIABLE PUBLIC TRANSPORT. Vallacar Transit Inc. deployed Ceres Liner buses to provide free transportation to front-liners in Bacolod City during the enhanced community quarantine to contain the coronavirus disease 2019 (Covid-19) transmission in April last year. The country’s largest bus operator on Tuesday (Jan. 5, 2021) vowed to continue providing “the most reliable means of public transportation” to Filipino commuters amid the continuing challenges faced by the company. (PNA Bacolod file photo)
BACOLOD CITY – The top official of the country’s largest bus operator has vowed to continue providing “the most reliable means of public transportation” to Filipino commuters amid the continuing challenges faced by the company.
Leo Rey Yanson, president and chief executive officer of both Vallacar Transit Inc. (VTI) and Ceres Liner Travel and Tours Inc. (CLTTI), gave the assurance in a statement on Tuesday after presiding the latter’s annual stockholders meeting at their principal office in Barangay Mansilingan here on Monday.
It was held a month after Yanson and his mother Olivia also led the stockholders meeting of VTI, the largest subsidiary of Yanson Group of Bus Companies, in the same venue on Dec. 5.
In both meetings, Yanson was re-elected as a member of the Board of Directors of the two subsidiaries along with the elder Yanson, sister Ginnette Yanson- Dumancas, Charles Dumancas, Anita Chua, Arvin John Villaruel, and Daniel Nicolas Golez.
Yanson was also reappointed as chairman of the board and president of CLTTI and VTI while his mother, as a corporate secretary and treasurer at the same time.
His other siblings Roy, Ma. Lourdes Celina, Ricardo Jr. were absent on Monday, according to the statement.
During the Dec. 5 meeting, the three were also not around along with two other stockholders.
The six Yanson siblings have been locked in an intra-corporate feud since July 2019, which led to the filing of various cases by the camp of Leo Rey against his four elder brothers and sisters -- Roy, Celina, Ricardo Jr., and Emily.
The Yanson Group, which has five subsidiaries, operates some 4,000 buses across Luzon, Visayas, and Mindanao.
In an earlier statement, the VTI, operator of Ceres buses, said the company “remains strong and resilient despite the turbulence experienced by its management in the past two years”.
“We are excited to see how we can continue to push boundaries to provide quality transportation to every Filipino amid the challenges of the Covid-19 pandemic,” it added. (PNA)
