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OVY appointed special administrator, leads VTI Board election

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BY GILBERT P. BAYORAN

Matriarch Olivia Yanson, known as OVY among her family members and friends, was appointed by a local court as the special Yanson administrator of the estate of his late spouse Ricardo B. Yanson, according to the Vallacar Transit Inc. (VTI).

The spouses Ricardo and Olivia founded the Ceres Liner bus lines with VTI as its flagship company.

As special administrator, a Bacolod court said that OVY is in charge of the preservation and management of the estate of his late husband, a press statement issued by VTI said.

Olivia, in her capacity as special administrator and conjugal co-owner, then led the annual stockholders meeting of VTI at its principal office at Barangay Mansilingan in Bacolod City on December 4.

Olivia V. Yanson, Leo Rey V. Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Anita G. Chua, Arvin John V. Villaruel and Daniel Nicolas Golez were re-elected as members of VTI’s board of directors during the meeting.

The Yanson siblings are at odds over the control of bus firm.

One group, consisting of Roy, Emily, Ricardo and Ma. Lourdes Celina Yanson, also known as Yanson Four, claim to have majority ownership. The other group, called the Yanson Two, is composed of siblings Leo Rey and Ginette, together with their mother, family matriarch Olivia Yanson.

Following the election of the directors, the board held an organizational meeting where Leo Rey Yanson was re-appointed as chairman of the board and president of VTI, while Olivia V. Yanson, the co-founder of the company, was re-appointed as corporate secretary and treasurer.

Despite the proper and timely notice, VTI said that stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, Ricardo V. Yanson Jr., Juan Manuel Lopez and Ma. Susan F. Yanson did not attend the meeting.

VTI said that despite all the turbulence experienced by the management in the past two years, the company remains strong and resilient as it continues to be steadfast in its goal to serve the Filipino commuters.

The company added it will continue to pursues its mission of providing safe and quality transportation to everyone.

“The newly appointed board is excited to see how they can continue to push boundaries to provide quality transportation to every Filipino despite the challenges of the pandemic,” the VTI board said.*

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