The Jimenez Family
Menardo Jimenez is one of the three men considered fathers of GMA Network Incorporated together with Felipe L. Gozon and Gilberto M. Duavit Sr.. They are credited for turning the network’s fortunes around from the money-losing Republic Broadcasting System (RBS) of American Robert La Rue Stewart to a million dollar business empire today.
Menardo Jimenez is the brother-in-law of Felipe L. Gozon, his wife is Carolina L. Gozon-Jimenez, Gozon’s sister. He was the President and Chief Executive Officer of GMA Network Incorporated from 1974 - when it was still RBS and Duavit Sr. was its chairman - to 2000.
In 1973, when Stewart’s RBS was losing money, he supposedly offered 30 percent share of RBS to Gozon but Gozon only had money to pay for 10 percent so he offered 20 percent to his brother-in-law Jimenez.
In 1975, Gozon, Jimenez and Duavit Sr. took control of the management of RBS and renamed the station GMA Network. Under their management, the station started its steady rise as the main competitor to the Lopezes’ ABS-CBN Corporation at the top of the Philippine media market.
In 2000, the GMA board elected Gozon as chairman, president and chief executive officer, in a move to shake up management, in the process booting out his brother-in-law Jimenez from top management. Gozon has remained its chairman and chief executive officer since then but in 2010, Gilberto Duavit Jr., Duavit Sr.’s son was elected by the board as the network’s president, taking over the position from Gozon.
In the same year, his daughter, Laura J. Westfall was elected Director of GMA Network, Incorporated, a position she still holds currently. Westfall has held the following positions in the GMA Network, Incorporated: Senior Vice President of Corporate and Strategic Planning and Senior Vice President for Finance, and Chairperson and President of GMA New Media.
Two years later, in 2002, his son Joel Marcelo G. Jimenez became a member of GMA’s board.
The Jimenezes’ other businesses include real estate, restaurants, banking and insurance, mining, and motor vehicles.
Business
Real estate
Justitia Realty and Development Corporation
Mont-Aire Realty and Development Corporation
Electronic Realty Associates Inc.
Pacrim Realty & Development Corporation
Nuvoland Philippines
Food
Food Pro Asia Inc.
CBTL Holdings Inc.
Franchise One Corporation
Finance
First Metro Investment Corp.
CCC Insurance Corporation
Malayan Savings & Mortgage Bank
UniCapital Inc.
UniCapital Securities, Inc.
Majalco Finance & Investments Inc.
Malayan Savings and Mortgage Bank
Unicapital Securities, Inc.
Mining
Cunickel Mining Corporation
Others
Mabuhay Philippines Satellite Corporation
Albay-Agro Industrial Development Corporation
M.A. Jimenez Enterprises Inc.
Cable Entertainment Corporation
Veloci Motors
Pan-Phil Aquaculture Corp.
Southwest Resources, Inc.
Majent Agro Industrial Corporation
Alta Tierra Resources Inc.
Menarco Holdings
Family & Friends
Affiliated Interests Family Members Friends
is the brother-in-law of Felipe L. Gozon, his wife is Carolina L. Gozon-Jimenez. He is the father of Joel Marcelo G. Jimenez. He was the President and Chief Executive Officer for GMA Network, Incorporated from 1974 to 2000. He is the Chief Executive Officer and President of Albay-Agro Industrial Development Corporation, President of Mabuhay Philippines Satellite Corporation, Justitia Realty and Development Corporation, Food Pro Asia Inc. and M.A. Jimenez Enterprises Inc., is the Chairman of Cable Entertainment Corporation, Veloci Motors, Majalco Finance & Investments Inc., Pan-Phil Aquaculture Corp., and Southwest Resources, Inc.. He is a Commissioner of Pasig River Rehabilitation Commission and Governor of Philippine National Red Cross, he was a Consultant of First Metro Investment Corp., has been the Chairman of United Coconut Planters Bank since March 2011, is a Director of CCC Insurance Corporation, Mabuhay Phils. Satellite Corporation, Malayan Savings & Mortgage Bank, UniCapital Inc., UniCapital Securities, Inc., Television International Corporation, Majent Management and Development Corporation, Majent Agro Industrial Corporation, M. A. Jimenez Enterprises, Inc., Alta Tierra Resources Inc., Mont-Aire Realty and Development Corporation, CBTL Holdings Inc., Electronic Realty Associates Inc., Cunickel Mining Corporation, Franchise One Corporation, Pacrim Realty & Development Corporation, Pan-Phil Aqua Culture Corporation and The Coffee Bean and Tea Leaf Inc., he has been a Non Executive Director of San Miguel Pure Foods Company, Inc. since April 25, 2002, San Miguel Corporation since February 27, 2002, United Coconut Planters Bank since March 2011, and Magnolia, Inc. since August 29, 2002, Director of Nuvoland, Inc., Unicapital Finance and Investment, Inc., and Albay Agro Industrial Corp., has been a Director of Philippine National Oil Company and Coca-Cola Bottlers Philippines Inc., since July 31, 2002, Director of Cosmos Bottling Corp. from May 6, 2004 to February 22, 2007 and First Metro Investment Corp. since March 21, 1994.
is a Director of GMA Network, Incorporated since 2002, President and CEO of Menarco Holdings and the Chief Executive Officer of Alta Productions, Inc., Director of RGMA Network, Inc., GMA New Media, Inc., Scenarios, Inc., and GMA Worldwide, Inc., member of the Board of Directors of Malayan Savings and Mortgage Bank, and Unicapital Securities, Inc., Director of Nuvoland Philippines, a real-estate development company, Trustee of GMA Kapuso Foundation, Inc..
is mother of Joel Marcelo G. Jimenez and Laura J. Westfall, and she is also Felipe L. Gozon’s sister.
is the Chairman of the Board of Directors and Chief Executive Officer of GMA Network, Incorporated, Senior Partner at the Law Firm of Belo Gozon Elma Parel Asuncion & Lucila, Chairman and CEO of GMA Marketing and Productions, Inc. and GMA New Media, Inc., Chairman and President of FLG Management and Development Corp., Chairman of Alta Productions Group, Inc., Citynet Network Marketing and Productions, Inc., Mont-Aire Realty and Development Corp., Philippine Entertainment Portal, Inc., and RGMA Network, Inc., Vice Chairman of Malayan Savings and Mortgage Bank, Director of Gozon Development Corp., Justitia Realty and Management Corp., Antipolo Agri-Business and Land Development Corp., Capitalex Holdings, Inc., BGE Holdings, Inc., Philippine Chamber of Commerce and Industry, Chamber of Commerce of the Philippine Islands and President of Lex Realty, Inc., among other companies. Chairman of the Board of Trustees of GMA Kapuso Foundation, Inc., Kapwa Ko Mahal Ko Foundation, Inc., and The Potter and Clay Christian School Foundation, Inc., Chairman and President of Gozon Foundation; and Trustee of Bantayog ng mga Bayani Foundation, Advisory Board Member of the Asian Television Awards.
is the daughter of Felipe L. Gozon, she has been a Director of GMA Network, Incorporated since 2000, junior partner in Belo Gozon Elma Parel Asuncion & Lucila, Associate Professor in the University of the Philippines, College of Law, Programming Consultant to the Chairman and CEO of GMA Network, Inc. President of GMA Films, Inc. and GMA Worldwide, Inc., and a Trustee of GMA Kapuso Foundation.
is the sister of Joel Marcelo G. Jimenez and has been a Director of GMA Network, Incorporated since 2000, held the following positions in the GMA Network, Incorporated: Senior Vice President of Corporate and Strategic Planning and Senior Vice President for Finance, Chairperson and President of GMA New Media, currently holds various positions in the Majent Group of Companies, Board Member of Coffee Bean and Tea Leaf Philippines, Bronzeoak Clean Energy, Inc., and Museo Pambata.
is the President and Chief Operating Officer of GMA Network, Incorporated, Director of GMA Network, Incorporated since 1999, Chairman of the network’s Executive Committee, Chairman of the Board of GMA Network Films, Inc. and GMA Worldwide, Inc. and Vice Chairman of the Board of GMA Marketing and Productions, Inc., President and CEO of GMA Holdings, Inc., Scenarios, Inc., RGMA Marketing and Productions, Inc., Film Experts, Inc., and Dual Management and Investments, Inc., President and a Director of Group Management and Development, Inc., President and Director of MediaMerge Corp., Citynet Network Marketing and Productions, Inc., Director of RGMA Network, Inc., GMA New Media, Inc., Alta Productions Group, Inc., Optima Digital, Inc., and Mont-Aire Realty and Development Corp., President and a Trustee of GMA Kapuso Foundation, Inc., Trustee of Guronasyon Foundation, Inc. (formerly LEAF) and is a Trustee of the HERO Foundation.
is the father of Gilberto R. Duavit, Jr. and is a Director of GMA Network, Incorporated.
Further Information
Sources
Financial Statement of GMA Holdings Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of GMA Holdings Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of GMA Network Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of GMA Network Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
