During the meeting of the Board of Directors of Producers Bank on August 30, 2016, the directors present elected Ms. Gilda E. Pico as a new Director of Producers Bank (vice Director Benjamin P. Castillo), effective September 1, 2016. In addition, Ms. Pico was appointed Management Consultant and elected Chairman of the Risk Oversight Committee of the Board.
Ms. Pico was formerly President and Chief Executive Officer of the Land Bank of the Philippines for the last 10 years. She served Land Bank for 35 years, starting as Assistant Vice President in 1981 and rising through the ranks handling various positions, until she was appointed President in 2006. She is distinguished as the first lady President and CEO of the state-run bank, and also the first home-grown LandBanker in a career position to become Land Bank’s top executive.
Ms. Pico is a recipient of various awards, most notable of which are the 2015 Banking CEO of the Year – Asia awarded by the International Banker Banking Awards, Outstanding CEO Award by the Association of Development Financing Institutions in Asia and the Pacific, and Global CSR Excellence and Leadership Award given by the World Congress, among others.
Ms. Pico is a Certified Public Accountant (CPA), a Career Executive Service Officer (CESO) and holds a Masters in Business Administration (MBA) degree from the University of the East. She earned a Bachelor of Science in Commerce degree, magna cum laude, from the College of the Holy Spirit.
The election of Ms. Pico to the Board of Directors of Producers Bank is a coming home of sorts. She was actually a member of the Board of Directors of Producers Bank as a creditor (Land Bank) representative from 2002 until 2009, when Producers Bank was still a rural bank. Thus, Ms. Pico already has familiarity with the Bank’s operations.