The Lopez Family
The Lopezes are an influential family with roots in Iloilo, a province in the Visayas in central Philippines. They made their money from businesses such as sugar plantations and shipping.
The founder of ABS-CBN was a fourth-generation Lopez: Eugenio Lopez Sr., son of former Iloilo governor Benito Lopez and brother of former Vice President Fernando Lopez.
Eugenio Lopez Sr., a University of the Philippines and Harvard-educated lawyer, as well as one of the heirs to the Lopez family empire and owner of Chronicle Broadcasting Network, bought Alto Broadcasting System from Antonio Quirino, brother of former President Elpidio Quirino, on February 24, 1957.
When President Ferdinand Marcos declared Martial Law on September 21, 1972, ABS-CBN was one of the stations that were seized by government forces. Lopez’s eldest son and namesake, Eugenio “Geny” Lopez Jr. was imprisoned for supposedly conspiring to assassinate the president. Geny managed to escape and lived in exile in the US.
The station was returned to the Lopezes by then President Corazon Aquino after the People Power Revolution of 1986.
Geny’s eldest child, Eugenio “Gabby” Lopez III now heads the station. With other family members, he co-owns ABS-CBN Corporation as well as their other businesses under Lopez, Incorporated.
These family members are the siblings Oscar and Manuel Lopez and Presentacion L. Psinakis, all children of Eugenio Lopez Sr; Oscar’s son, Federico; and Gabby’s sister Regina Paz “Gina” Lopez.
Psinakis is Eugenio Sr.’s only daughter. Manuel, his fourth child, was chairman of the board, and now director of the public utility firm Manila Electric Company. He was appointed Philippine Ambassador to Japan by President Benigno Aquino III. He resigned when Aquino’s term came to an end.
Gina Lopez is the current secretary of the Department of Environment and Natural Resources, a cabinet position to which she was appointed by President Rodrigo Duterte. She is not a member of the board of directors of ABS-CBN Corporation.
The Lopezes make the bulk of their money from mass media but their other businesses include power and energy generation and distribution, property development, financial services, and manufacturing.
They were into water services, telecommunications, and tollways.
Business
Power & energy
Manila Electric Company
Energy Development Corporation
First Gen Corporation
First Gas Corporation
FGP Corporation
First NatGas Power Corporation
Prime Meridian Powergen Corporation
First Philippine Electric Corporation
Manufacturing
First Philec, Inc.
First Sumiden Circuits, Inc.
Real estate
First Philippine Holdings Corporation
First Philippine Industrial Park
First Philippine Properties Corporation
First Philippine Realty Corporation
Rockwell Land Corporation
First Philec Corporation
Aruga Serviced Apartments
First Balfour, Inc.
First Philippine Industrial Corporation
First Sumiden Realty, Inc.
ABS-CBN Integrated and Strategic Property Holdings, Inc.
Restaurant and food
TV Food Chefs, Inc.
Non-vessel common carrier
ABS-CBN Global Cargo Corporation
Holding company
ABS-CBN Theme Parks and Resorts Holdings, Inc.
ABS-CBN Global Ltd.
ABS-CBN Global Hungary Kft.
ABS-CBN Global Netherlands B.V.
Rosetta Holdings Corporation
Sky Vision Corporation
Sun Cable Holdings, Incorporated
Telemondial Holdings, Inc.
Sapientis Holdings Corporation
Columbus Technologies, Inc.
Money remittance
ABS-CBN Europe Remittance Inc.
E-Money Plus, Inc.
ABS-CBN Global Remittance Inc.
ABS-CBN Canada Remittance Inc.
Trading
ABS-CBN Middle East LLC
Telecommunication
ABS-CBN Telecom North America, Inc.
ABS-CBN Convergence, Inc.
Educational/training
ABS-CBN Center for Communication Arts, Inc.
Marketing, sales & advertising
Center PTE. Ltd.
Support services
ABS-CBN Shared Service
Services
Daum Kakao Corporation (50%)
The Flagship, Inc. (40%)
Theme park
Play Innovations, Inc.
Play Innovations Hungary Kft.
Call center
iConnect Convergence, Inc.
Home shopping
A CJ O (50%)
Family & Friends
Affiliated Interests Family Members Friends
is the Chairman of the Board of Directors of ABS-CBN Corporation, Vice Chairman of Lopez Holdings Corporation, Chairman of Sky Cable Corporation, President of Sky Vision Corporation, Treasurer of Lopez, Inc., Chairman of Bayan Telecommunications, Inc., Director of First Gen Corporation, Director of First Gen Corporation, First Philippine Holdings Corporation, Rockwell Land and the Eugenio Lopez Foundation
is the only daughter of Lopez Group founder Eugenio H. Lopez Sr.. She has been a Director of ABS-CBN Corporation since 1988, founder and President of Griffin Sierra Travel, Inc., member of the Board of Trustees of the Eugenio Lopez Foundation, Inc., and director of the following companies: Lopez Inc., Benpres Insurance Agency, ADTEL Inc., and Philippine Commercial Capital Inc..
is the fourth child of Lopez Group founder Eugenio H. Lopez Sr.. He is a Board Member and Chairman and Chief Executive Officer of Lopez Holdings Corporation, chairman of Rockwell Land, Vice Chairman of FPHC, director of Meralco where he was Chief Executive Officer July 2001 to June 2010. He is also the Philippine Ambassador to Japan.
is the second son of Lopez Group founder Eugenio H. Lopez Sr.. He has been a Board Member and Director of ABS-CBN Corporation since 1966, Chairman Emeritus and Chief Strategic Officer of the First Philippine Holdings Corporation (FPHC), and Chairman Emeritus of Lopez Holdings Corporation, First Gen and Energy Development Corporation, Chairman of First Philippine Industrial Park and First Sumiden Circuits, Inc., and Vice Chairman of Rockwell Land.
is the son of Oscar M. Lopez. He has been a Director of ABS-CBN Corporation since 1999, Chairman and Chief Executive Officer of First Philippine Holdings Corporation (FPH), Chairman and CEO of First Gen Corporation and Energy Development Corporation, Vice Chairman of Rockwell Land Corporation, Chairman of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation (The OML Center) and the Sikat Solar Challenge Foundation. Board of Trustees of World Wildlife Fund Philippines, Philippine Disaster Recovery Foundation and the Philippine Tropical Forest Conservation Foundation, member of the World Presidents Organization, Asia Business Council, ASEAN Business Club, New York Philharmonic International Advisory Board, Management Association of the Philippines, Philippine Chamber of Commerce and Industry, European Chamber of Commerce of the Philippines and Makati Business Club.
is not related by blood to the Lopezes but a close friend of Eugenio Lopez Jr., he has been the Vice Chairman of ABS-CBN Corporation since 1989, Director of the First Philippine Holdings Corporation (FPHC), First Philippine Industrial Corporation (FPIC), Bayan Telecommunications Inc., Sky Cable Corporation, and ADTEL Inc, Board Chairman of his family's company, ACRIS Corporation.
is a Board Member of ABS-CBN Corporation, President of ABS-CBN University and Chief Executive Officer, previous Head of Channel 2 Mega Manila Management.
is a Board Member of ABS-CBN Corporation, known as FMG, he was the creative genius behind ABS-CBN’s meteoric rise from the rebuilding it had to make after the 1986 revolution.
has been a Board Member and Director of ABS-CBN Corporation since 2010, President and Chief Operating Officer and concurrently, Chief Finance Officer of Lopez Holdings Corporation, Chairman and Chief Executive Officer of First Philippine Holdings Corporation, Chairman and Chief Executive Officer Chairman of First Gen Corporation, Chairman of Energy Development Corporation, Vice Chairman of Rockwell Land, Chairman of First Philippine Industrial Park, Chairman and Chief Executive Officer of First Gen Renewables, Inc., Trustee of the Eugenio Lopez Foundation, and Treasurer of Lopez Holdings Corporation
is the the current Department of Environment and Natural Resources Secretary, a cabinet position to which she was appointed by President Rodrigo Duterte. She is the daughter of Eugenio Lopez Jr. and sister of Eugenio Lopez III
is a former Vice President of the Philippines under Gloria Macapagal-Arroyo. De Castro is a broadcaster on ABS-CBN’s primetime news program TV Patrol and became a household name because of that. He is also the top 30 stockholder of ABS-CBN Corporation.
is a television host and TV and movie actress, youngest daughter of former Philippine president Corazon Aquino and sister of former president Benigno S. Aquino III. It was her mother who returned the ABS-CBN 2 to the Lopezes through an executive order. She is also the top 47 stockholder of ABS-CBN Corporation.
Further Information
Sources
Financial Statement of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of ABS-CBN Corporation (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
Financial Statement of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
General Information Sheet of Lopez Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)
