16 March 2023Analysis

New PARIMA chairperson chosen

Annacel Natividad has been voted by the Pan-Asia Risk and Insurance Management Association (PARIMA) board during its general committee meeting as the next chairperson of PARIMA with effect from 1 January 2024.

Franck Baron, who is the current and founding chairperson of PARIMA since July 2013, will end his 10-year tenure in December 2023 and thereafter remain as an active executive board member, looking after International Affairs.

Before her appointment, Natividad has been an active member of the PARIMA Board since 2013 and has been one of the drivers for the growth of the Association in the Philippines.

Natividad is the chief finance officer of Pilmico Foods Corporation, an Aboitiz Company. Concurrently, she is the chief risk officer of the food and agri–business of the Aboitiz Group, with operating companies in Southeast Asia and China. She has over 16 years of experience in risk management and specialises in insurance management, BCM, ISMS, GRC, enterprise compliance, ESG, finance and accounting.

She has been with the Aboitiz Group since 1998, where she held several leadership positions. She started out as a financial planning manager and became the chief finance officer of Super Ferry – Passenger Shipping business of the Aboitiz Group, then moved to risk management when she joined the holding company in 2011. From 2016 to 2019, she was appointed as the chief risk officer of Aboitiz Equity Ventures.

"I am truly honoured to be leading PARIMA as the next chairperson. The work Franck and the team have put in the last 10 years has been remarkable. A key component is to ensure sustainability within the organisation which Franck has already begun, and to strengthen capabilities internally,” said Natividad.