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Business March 31, 2026

CONSUNJI TAKEOVER: Dominion Shaken Up by Power Move!

CONSUNJI TAKEOVER: Dominion Shaken Up by Power Move!

A significant shift in leadership has occurred at Dominion Holdings, Inc., with Isidro A. Consunji assuming the role of chairman of the board. This appointment marks a new chapter for the company, following the acceptance of Frederic C. Dybuncio’s decision to step down from the chairman position, though he will continue to serve as company president.

Consunji brings a wealth of experience to his new role, having previously served as both chairman and president of DMCI Holdings, Inc. since 1995. His influence extends beyond Dominion, currently holding the chairman position at Semirara Mining and Power Corp. and a directorship at Atlas Consolidated Mining and Development Corp.

This leadership change coincides with a period of strategic repositioning for Dominion Holdings. The company recently completed the sale of shares previously held by BDO Unibank, Inc. to Monte Sur Equity Holdings, Inc., paving the way for an expanded asset portfolio.

Dominion Holdings intends to solidify its position as a focused investment holding company, concentrating on strategic investments within the mining sector. Plans are underway to actively acquire shares in companies engaged in mining operations, signaling a clear direction for future growth.

Formerly known as BDO Leasing and Finance, Inc., Dominion has a history of diverse asset holdings, including real estate, securities, and various other investments. The company’s core business has always revolved around investment and related financial activities.

Consunji’s academic background is as impressive as his professional career. He holds a Bachelor of Science in Engineering from the University of the Philippines, demonstrating a strong foundation in technical expertise.

Further enhancing his business acumen, Consunji pursued advanced studies, earning a Master of Business Economics from the Center for Research and Communication and a Master of Business Management from the Asian Institute of Management. He also completed the Advanced Management Program at IESE Business School in Barcelona, Spain.

Alongside the chairman appointment, Tephanie M. Gandia has been named assistant corporate secretary, while continuing her duties as the corporate information officer. Her expertise will be crucial in navigating the company’s evolving legal and regulatory landscape.

Gandia is a seasoned legal professional, specializing in corporate law, mergers and acquisitions, banking, and capital markets. As a partner at Serrano Law, she brings a deep understanding of complex business transactions to Dominion Holdings.

Despite these strategic shifts, Dominion Holdings recently reported a 31.05% decrease in net income, falling to P139.36 million in 2025 from P202.12 million in the previous year. This financial performance provides a baseline as the company embarks on its new investment strategy.

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