The internal rift within the Lopez clan may be approaching a strategic pause. Federico “Piki” Lopez, President and CEO of Lopez Inc., characterized the recent decision by majority shareholders to retract a resolution for his removal as a “possible first step” toward a broader reconciliation.
However, Piki underscored that any permanent peace within the dynasty hinges on the actions of the opposing faction.
“Genuine, positive, and concrete efforts.”
The CEO also addressed the collateral damage caused by the public fallout, calling for a cessation of misinformation that he believes has harmed the Lopez Group’s corporate reputation.
Amidst the legal friction, Piki emphasized that his fiduciary commitment to the institutional minority shareholders of First Philippine Holdings (FPH) and First Gen Corporation remains unwavering.
To demonstrate governance stability, he highlighted recent unanimous board approvals for deals with Enrique Razon Jr.’s Prime Infrastructure Capital Inc. He noted that major partners, including Prime Infra and BDO Unibank, have tied their confidence specifically to his leadership through change-of-management provisions and credit requirements.
The executive also turned his attention to the family’s media arm, ABS-CBN Corporation, which remains caught in the crossfire of the dispute.
“It is also anticipated that the other side will address unresolved questions about ABS-CBN so the media firm can finally chart a path to recovery, to protect not only the family legacy, but equally — or even more importantly — the welfare of investors and employees.”
While Piki expressed openness to dialogue, he signaled that he is not backing down from the legal arena, remaining prepared for ongoing proceedings before the Mandaluyong Regional Trial Court and the Securities and Exchange Commission.