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'The withdrawal presents an opportunity for the whole family to step back, re-consider their adversarial positions...,' says the group representing 71% of the Lopez family
MANILA, Philippines – The Lopez majority in the family’s parent firm Lopez Inc. withdrew during a board meeting on Thursday, May 14 their February resolution removing Federico “Piki” Lopez as president and CEO of the company.
In a statement, the group, which comprises 71% of Lopez Inc., said this “move opens a window for discussions among the family members,” and that they’re open to a “fair solution” to the family and intra-corporate dispute.
