Yanson matriarch appointed special administrator, leads VTI board election

By Dolly Yasa

BACOLOD City – A Bacolod court appointed Olivia V. Yanson as special administrator of the estate of her late spouse Ricardo B. Yanson, a press statement from the matriarch’s camp said.

The Ricardo and Olivia Yanson founded Ceres bus lines with Vallacar Transit Inc. (VTI) as its flagship company, according to the press statement furnished to Daily Guardian Tuesday.

As special administrator, Olivia oversees the preservation and management of the estate of her late husband Ricardo, it added.

In her capacity as special administrator and conjugal co-owner, Olivia then led the annual stockholders meeting of VTI at its principal office in Brgy. Mansilingan, Bacolod City on December 4, 2021.

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.

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.

The company said that despite the proper and timely notice, 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.

Roy, Celina and Ricky are believed to be abroad since March 2020.

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 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.