SSI Group, Inc. has nominated Roland Gerard “Junie” R. Veloso, Jr. for election to its board of directors at the company’s upcoming annual stockholders’ meeting, replacing long-serving independent director Carlo L. Katigbak, who is stepping down after reaching the maximum cumulative term allowed under Securities and Exchange Commission (SEC) rules, as reported by BusinessWorld.
Veloso previously served as president and chief executive officer of BPI Capital Corp., the investment banking arm of the Bank of the Philippine Islands. His nomination comes as SSI Group, a specialty retailer of luxury and lifestyle brands in the Philippines, continues to navigate a competitive retail landscape.
The company’s board is expected to formally elect new directors at the annual meeting, with Katigbak’s departure marking the end of his independent directorship tenure. The move reflects SSI Group’s commitment to governance and board refreshment.