After leading the annual stockholders meeting and board election of Vallacar Transit Inc. (VTI) in December 4, 2021, matriarch Olivia Yanson also headed the annual stockholders meeting and board election of sister company Ceres Liner Travel and Tours Inc. (CLTTI) in her dual capacity as conjugal co-owner and court-appointed special administrator of the estate of her late husband Ricardo B. Yanson Sr.
A Bacolod court, on October 21, 2021, appointed Olivia as special administrator of the estate of Ricardo. In 1968, the couple established the Yanson Group of Bus Companies, the parent company of VTI and CLTTI.
During the meeting held at CLTTI’s principal office in Barangay Mansilingan, Bacolod City on January 3, a press statement from VTI said that Olivia, 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 CLTTI’s board of directors.
The board, thereafter, held an organizational meeting and re-appointed Leo Rey as chairman of the board and president of CLTTI and Olivia as corporate secretary and treasurer.
Stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, Ricardo V. Yanson Jr. (Ricky) were absent during the meeting despite due notices given to them, the VTI press statement also said.
Roy, Celina and Ricky are believed to be absent during the meeting because they are outside the country, together with their sister Emily V. Yanson, it added.
Leo Rey, the re-elected chairman and president of CLTTI, said that despite the challenges faced in 2021, the Yanson Group remains committed to providing the riding public with the most reliable means of public transportation.*
