The Board of Directors of Filinvest Development Corporation approved 30 May 2023 the following: appointment of Mr. Ysmael V. Baysa as Chief Operating Officer of the company. Mr. Baysa has worked in the consumer sector in the fields of Accounting and Finance. He brings with him several years of experience working on the local and international operations of Procter & Gamble and Jollibee Foods Corporation.

He occupied various local and regional positions the most notable of which is as Head of its Finance function for the Philippines, Malaysia and Singapore. More recently, he was Chief Finance Officer of JFC. Currently, he also holds positions as member of the various Boards of Directors/Trustees of Jollibee's wholly owned subsidiaries and joint ventures, including Smashburger (U.S.), Coffee Bean and Tea Leaf (Singapore, US and Ireland), Jollibee Group Foundation and other smaller subsidiaries both in the Philippines and in China.

The board also approved appointment of Mr. Daniel Ang Tan Chai as Chief Investment Officer (SVP) of the company Mr. Ang Tan Chai is FDC's former Deputy Chief Finance Officer. Prior to joining FDC, he was Executive Vice-President and Chief Finance Officer of Philippine Bank of Communications. He also served as Senior Vice-President and Chief Finance Officer for Philippine Airlines, and Air Philippines Express, First Vice-President and Chief Finance Officer of Metrobank Card Corporation, and Financial Control of Global Consumer Bank of Citibank, N.A. - Philippines.