Cebu-based property and hospitality developer AppleOne Group has taken a significant step to fortify its corporate governance framework. The move comes as the company positions itself for a new phase of institutional growth and portfolio expansion across the Philippines.
New Board Appointments Aim for Sustainable Growth
In a strategic decision announced on January 19, 2026, AppleOne appointed three seasoned professionals as independent directors to its board. The company stated this initiative is designed to strengthen board oversight and ensure a path of disciplined, sustainable growth. This is particularly crucial as AppleOne continues to widen its real estate and hospitality holdings in key growth areas nationwide.
The newly appointed independent directors are Rene J. Buenaventura, Michael S. Chua, and Stephen CuUnjieng. Collectively, they bring a wealth of expertise spanning decades in banking, capital markets, and corporate governance. AppleOne expects their combined knowledge to be instrumental in upholding financial discipline, enhancing risk management protocols, and aligning corporate strategy with long-term value for all stakeholders.
Rene J. Buenaventura, a former bank CEO and Certified Public Accountant, contributes deep experience in financial controls and governance. Michael S. Chua offers over thirty years in financial services, including a tenure as the chief country officer for Deutsche Bank Philippines, which will support the group's goal of maintaining a prudent balance sheet. Stephen CuUnjieng, an investment banker with more than 40 years of experience in Asia-Pacific mergers, acquisitions, and capital markets, adds significant depth in strategic transactions and scaling institutions.
Strengthening the Executive and Compliance Teams
Beyond the independent appointments, AppleOne also reinforced its executive leadership within the board. The company named Leif P. Bajarias, Executive Vice President for Finance and Operations, and Ma. Charina M. Fuentes, Senior Vice President for Strategic Finance, as executive directors. Fuentes was additionally appointed as the company's Treasurer.
To further solidify its commitment to robust governance, AppleOne appointed Theresa Marie P. Dela Peña as Corporate Secretary and Compliance Officer, with Camille D. Recalde serving as Assistant Corporate Secretary. These appointments create a comprehensive structure aimed at ensuring adherence to regulatory standards and best practices.
Building an Enduring Institution
Founded over 15 years ago by Ray Go Manigsaca and engineer Venus Manigsaca, AppleOne has evolved from a founder-led business into a diversified real estate and hospitality group. Its projects are now spread across major growth corridors in the country.
One of its notable recent projects is The Mahi Center in Lapu-Lapu City, a mixed-use development featuring an office tower, a boutique lifestyle mall, and the Fairfield by Marriott Cebu Mactan hotel.
Speaking at the company's board meeting held on December 5, 2025, at the Sheraton Cebu Mactan Resort, founder Ray Manigsaca emphasized the vision of building a lasting institution. "AppleOne was built through struggle, sacrifice, and hard work. We did not build this overnight," he stated. "Our vision is to build an institution that will last for generations."
He underscored that an empowered and independent board is central to maintaining strong governance, financial discipline, and sustainable growth, ensuring the company's legacy and success well into the future.
