In an Order dated October 21, 2021, a Bacolod court appointed Olivia V. Yanson the special administrator of the estate of his late spouse Ricardo B. Yanson. The Spouses Ricardo and Olivia founded the Ceres bus lines with Vallacar Transit Inc. as its flagship company.
As special administrator, Olivia is in charge of the preservation and management of the estate of his late husband Ricardo.
Olivia, in her capacity as special administrator and conjugal co-owner, then led the annual stockholders meeting of VTI board election at its principal office in Brgy. Mansilingan, Bacolod City on December 4, 2021.
Olivia V. Yanson, Leo Rey V. Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Anita G. Chua, Arvin John V. Villaruel and Daniel Nicolas Golez were re-elected as members of VTI’s board of directors during the meeting.
Following the election of the directors, the board held an organizational meeting where Leo Rey Yanson was re-appointed as chairman of the board and president of VTI, while Olivia V. Yanson, the co-founder of the company, was re-appointed as corporate secretary and treasurer.
The company said that despite the proper and timely notice, stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, Ricardo V. Yanson Jr., Juan Manuel Lopez and Ma. Susan F. Yanson did not attend the meeting.
Roy, Celina and Ricky are believed to have failed to attend the meeting because they were hiding abroad since March 2020 as fugitives from justice together with their sister Emily V. Yanson.
VTI said that despite all the turbulence experienced by the management in the past two years, the company remains strong and resilient as it continues to be steadfast in its goal to serve the Filipino commuters.
VTI pursues its mission of providing safe and quality transportation to everyone.
“The newly appointed board is excited to see how they can continue to push boundaries to provide quality transportation to every Filipino despite the challenges of the pandemic,” the VTI board said.