On August 16, 2021, the Development Bank of the Philippines Leasing Corporation (DBPLC) welcomed retired AFP BGen. Jess G. Estoesta, as its fifth (5th) President & Chief Executive Officer (PCEO), succeeding Mr. Danilo T. Reyes, who served as director and PCEO for the past seven (7) years.
The virtual change of leadership ceremony, the first ever in the history of the corporation, was graced by the esteemed presence of DBP Chairman Alberto G. Romulo and DBP PCEO Emmanuel G. Herbosa. The two honored guests acknowledged the services of outgoing PCEO Reyes and congratulated BGen. Estoesta for his newly assumed position as the 5th PCEO of the corporation which is a continuation of his almost 40 years of public service to the country. The ceremony was also witnessed by the DBPLC Chairman Cyr C. Gonesto, DBPLC Directors Andrew C. Kong, Danilo E. Bernal Jr. and Benhur S. Mongao as well as the DBPLC Management & staff.
In his acceptance speech, President Estoesta outlined the priorities under his term and undertook to continue the best corporate practices of the previous administration. He also committed to improve the performance of the Corporation.
PCEO Estoesta was appointed by President Rodrigo Roa Duterte as a Director of DBPLC on July 15, 2020 and was elected as the DBPLC Vice Chairman on May 2021 and subsequently as its President & Chief Executive Officer. He was the Chairman of the Risk & Governance Committee and is a member of the Nominations & Remunerations Committee and the Credit Committee of DBPLC.
Prior to his appointment as DBPLC Director, President Estoesta spent almost four decades in the Armed Forces of the Philippines (AFP) in various capacities. Among which were; as Commanding Officer of the Air Power Institute, as Director for Operations of the 2nd Air Division of the Philippine Air Force (PAF), as Deputy Senior Military Assistant at the Department of National Defense, as the Assistant Deputy Chief of Staff for Personnel of the AFP and finally as Chief of the Office for Legislative Affairs of the AFP. He retired with the rank of Brigadier General on December 14, 2019.
President & CEO Jess Gumabao Estoesta graduated with the Philippine Military Academy "Hinirang” Class 1987. He is an accomplished military pilot and a qualified flight instructor. He earned his graduate diplomas in Human Resource Management and Purchasing & Supply Chain Management at the De La Salle – College of St. Benilde. He also has a Master’s degree in Management Studies in Human Resources Management from the University of New South Wales in Australia and a Master’s degree in Strategic Security Studies from the National Defense Univerity in Washington DC, USA.
DBP LEASING CORPORATION
A wholly-owned subsidiary of the Development Bank of the Philippines, DBP Leasing Corporation provides financial products and services to help private enterprises and publicly-owned entities acquire new equipment and other productive capital assets. It offers alternative and easy lease-to-own financing solutions for the acquisition of new technology and capital intensive equipment for transport, logistics, construction, manufacturing, plant machineries, hospital and medical equipment, sustainable energy or energy efficiency systems, warehouses and office buildings.
As a government financial institution, DBP Leasing Corporation is committed to assist in the economic growth and development of the Philippines by providing leasing and other relevant financing services responsive to the needs of its customers.
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