RSA hands over Petron leadership to son John Paul

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May 8, 2026 | 12:00am

MANILA, Philippines — After more than a decade at the helm, tycoon Ramon Ang has stepped down as president of Petron Corp., turning over operational leadership of the country’s largest oil firm to his son, John Paul.

RSA, who had been president since February 2015, now serves as chairman and chief executive officer (CEO), while John Paul has also been elected chief operating officer (COO).

John Paul has spent nearly five years as a director of Petron.

Two years ago, he assumed the role of president and COO of San Miguel Corp., the parent company of Petron, marking a key step within the group.

Beyond these roles, the younger Ang also holds several key positions across the group, including chairman, president and CEO of Southern Concrete Industries, vice chairman of SMC Global Power Holdings, and president and CEO of San Miguel Food and Beverage.

This major restructuring at Petron comes against the backdrop of uncertainty from the ongoing Middle East conflict, which continues to drive volatility in global energy markets.

In the first quarter, Petron saw its net income tumble by 56 percent to P1.8 billion from P4 billion a year earlier as its refinery output in the Philippines and Malaysia declined.

Despite persistent market challenges, RSA said the company remains committed to securing an adequate fuel supply and ensuring it can continue to meet the country’s demand.

Petron currently operates the country’s only remaining refinery in Bataan, which is capable of producing 180,000 barrels of oil per day.