Board of Directors

Eric Albert Gotuaco
President Director

Mr. Gotuaco was born in the Philippines in 1968. He graduated from The Wharton School, University of Pennsylvania, in 1990 with a B.S. in economics, Magna Cum Laude. He is currently Chairman of the Alumni Secondary School Committee.

Mr. Gotuaco worked at Goldman, Sachs & Co. in New York as an Analyst in the Structured Finance Group in 1989; and again in 1990-1992. He was an Associate at Hambrecht & Quist Philippines, Inc., from 1992 to 1993.

Mr. Gotuaco served as President of First Choice Food Corporation from 1993-2002, and also on the Board of Directors of Metro Rail Transit Corporation from 2006 to early 2009.

In 2002, he joined United Laboratories, Inc. He currently serves as Director on the boards of several United Laboratories associated companies, Greenfield Development Corporation and Carmen Copper Corporation.

He was appointed a Director of PT Darya-Varia Laboratoria Tbk in June 2006, and has served as President Director of Darya-Varia since June 2010.

Charles Robert B. Davis
Vice-President Director

Mr. Davis was born in 1961. He completed his Bachelor of Science in industrial engineering at the University of the Philippines in 1984, and earned his Master of Business Management degree at the Asian Institute of Management in 1988 (Dean’s List).

He moved to Indonesia in 1995 and joined PT Kalbe Farma Tbk, Indonesia’s largest pharmaceutical and health care company, eventually becoming the Managing Director of PT Sanghiang Perkasa (its health foods subsidiary). In 1999, he was appointed as Managing Director of PT Kalbe Farma’s Woods’ Business in Southeast Asia and Africa.

In 2002, he joined United Laboratories Incorporated, a Philippine-based multinational pharmaceutical company. In 2005, he was posted to Vietnam as Country Manager of United Pharma (Vietnam) Incorporated, and was promoted to Country Manager of its Indonesia operations in 2008. Currently, he is the Vice-President Director of PT Darya-Varia Laboratoria Tbk.

Benjamin W. Yap

Born in 1950, Mr. Yap holds a Bachelor of Arts majoring in Economics, which he was awarded by the Ateneo de Manila University in Manila. He also completed the Strategic Business Economics Program at the Center for Research and Communication in Manila, and the Strategic Management Program at the Arthur D. Little Institute, USA.

He initially joined Unilab in 1973 as Business Analyst and Project Manager in the company’s internal consulting group. He was subsequently appointed as Assistant to the President in 1975 with responsibility for the integration of operations planning and control processes. During his tenure in this position, he also formalized strategic planning for Unilab.

During his 36 years with Unilab, he has held various strategic positions, including:

  • Assistant Vice-President for Corporate Planning from 1979 to 1989;
  • Head of the Corporate Staff Group and Corporate Communication Group;
  • Operating Vice-President for Distribution and Supply Chain Processes, where he led the redesigning of Unilab’s supply chain network and streamlining of its commercial and distribution processes;
  • Senior Vice-President for Sales and Distribution (1998-2005), with responsibility for field sales operations, trade marketing, logistics, customer care and special channel development groups.

Currently, he is Executive Vice-President and Chief Operating Officer of United Laboratories, Inc. (Philippines), while at the same time overseeing the Unilab Group’s Indochina operations from which he is responsible for the profit and loss accountability of affiliates in Thailand, Vietnam, Myanmar, Cambodia and Laos.

He was appointed as Director of the Company in June 2009, prior to being appointed as a member of the Board of Directors of Unilab in January 2010.

Carlos O. Nava

Born in the Philippines in 1953. Mr. Nava graduated from De La Salle University (Manila) in 1975, Magna Cum Laude, with a Bachelor of Arts, majoring in economics and a B.S. in commerce, majoring in accounting. He passed the CPA board examinations in 1975 and is a licensed Certified Public Accountant in good standing in the Philippines.

He has over 30 years’ experience in the finance functions of major multinational and Philippine corporations operating in the consumer goods and agri-business sectors. He started his career with Unilever Philippines in 1975 as a management trainee and later served in various finance positions in its Foods Division until 1982.

Mr. Nava’s other work experience includes: a) Pure Foods Corporation, a major processed meat and packaged foods concern in Manila, from 1982-1988, initially as Manager – Poultry Accounting, and later as Group Manager of the company’s internal audit group; b) Country Controller/CFO of Cargill Philippines, Inc. and subsidiaries from 1988-1992, where he was responsible for financial reporting and oversight of Cargill’s trading positions in various commodities (e.g., coconut oil, molasses, grains and naphtha); and c) Finance Director for Kraft Foods Philippines, Inc (1992-1999) where he was responsible for financial reporting and business planning, treasury & export operations, internal audit and information technology.

He joined United Laboratories Inc. in June 1999 as Assistant Vice-President for Finance of Unilab International Operations and is currently the Senior Vice-President and CFO for International Operations.

He joined the Company as a Director in June 2009.

Marlia Hayati Goestam

Ms. Goestam was born in 1961, and obtained her law degree from Atma Jaya Catholic University in Jakarta, Indonesia, in 1985.

She commenced her career in August 1986 in a pharmaceutical group and served in a number of positions until she was appointed Head of the Legal Bureau. She joined PT Darya-Varia Laboratoria Tbk in 1996 after PT Pradja Pharin (Prafa) was acquired by the Company, and served as the Company’s Corporate Secretary from August 1996 to June 2009, when she joined Blue Sphere Singapore Pte. Ltd. as Legal Affairs Division Head and as a member of the Board of Directors of Blue Sphere, the majority shareholder of the Company.

From February 2002 until the present, she has been a Director of PT Darya-Varia Laboratoria Tbk.

Romeo L. Bato

Mr. Bato was born in the Philippines in 1961, and was appointed a Director of the Company in June 2010. He served as the Corporate Secretary from July 2009 until January 2011, and as Head of Finance from May 2009.

Mr. Bato graduated from Mindanao State University-Iligan Institute of Technology, Cum Laude. He obtained his Master of Management in Manila, Philippines and is a Certified Public Accountant in the Philippines. He commenced his career at SyCip, Gorres, Velayo & Co (SGV) in the Philippines (a member of Ernst and Young).

Prior to joining Darya-Varia, He worked for PT Indofood Sukses Makmur Tbk from 1991 to 2004, with his last position being Deputy Head of Controller and Deputy Head of Investor Relations. From 2005 to 2007, Mr. Bato served as Chief Financial Officer at the Dufil Group, Nigeria, an affiliate of Indofood. He also served as Financial Advisor/Head of Corporate Finance with PT Pakuwon Jati Tbk in 2008.

Reynaldo L. Davadilla

Mr. Davadilla graduated with a degree in BSBA-Accounting from the University of the East, Manila. He is a Certified Public Accountant.

Working with United Laboratories, Inc., Philippines, he was assigned to Thailand as Finance Director in 1997 and later on appointed as Assistant Vice President – Finance for Univet Nutrition and Animal Healthcare Co. (UNAHCO), Philippines, in 2005.

In September 2009, Mr. Davadilla joined Unilab’s operation in Indonesia, PT Darya-Varia Laboratoria Tbk, as Operating Director for Treasury, and was appointed as Director of the Company in June 2010.

Angelito Celso C. Racho, Jr.

Mr. Racho was born in 1962, and graduated from the University of the Philippines with a Bachelor of Science Degree in industrial pharmacy in 1984. In the same year, he passed the Pharmacy Board Licensure Examinations. He completed the Management Development Program at the Asian Institute of Management, and the Blended Learning Course – Health Leadership delivered by The World Bank and Asian Institute of Management.

Mr. Racho has over 26 years’ experience in the pharmaceutical industry. He started his career as a Cadet Engineer with the Manufacturing Division of United Laboratories Inc. in 1985. He was promoted as a Production Manager in 1991. In 2005, he became a division Vice President and was then transferred to the International Division. He moved to Indonesia to serve as Operating Director – Technical of PT Darya-Varia Laboratoria Tbk, managing three manufacturing plants and R&D. He was appointed as Director and General Manager of PT Medifarma Laboratories in June 2009 and then as Managing Director in 2010.

Since June 2010 until the present, he has been a Director of PT Darya-Varia Laboratoria Tbk.

Joseph Raymond A. Hilay

Born in 1967. Mr. Hilay earned his Liberal Arts Degree, majoring in economics, from San Beda College Manila in 1989, before completing his post-graduate studies in research & development management at the University of the Philippines in 2000.

He commenced his career with Unilab Group in 1989 and successfully served in various key positions in ethical operations, institutional business management, trade marketing and customer business solutions. In 2006, he was posted in Vietnam to manage distributor relations and trade marketing for the Vietnam operations.

In 2008, he was entrusted to head Distribution Operations for Unilab’s operations in Indonesia. In January 2010, he became the Operating Director for Ethical Operations of PT Darya-Varia Laboratoria Tbk, in charge of the overall management of Ethical Field Operations. From June 2010, he has served on the Board of Directors of PT Darya-Varia Laboratoria Tbk.

Yustina Endang Setyowati

Mrs. Yustina Endang Setyowati, an Indonesian citizen, born in 1970. Graduated with a degree in Agricultural Industrial Engineering from Gadjah Mada University, Yogjakarta in 1993. She obtained Master degree in Management from the Indonesian Institute for Management Development – IPMI Business School in 2007.

She started her career in the pharmaceutical industry in 1994 in product management in PT Schering AG, a multi-national pharmaceutical company. She then joined PT Medifarma Laboratories in 2000 also in product management.

She was assigned to United Pharma Vietnam, an affiliated company of PT Medifarma Laboratories within the Unilab Group, as Head of Ethical Marketing & Sales Operations from 2001 – 2004. She then continued her career in the local pharmaceutical industry when she moved to PT Darya-Varia Laboratoria Tbk in 2004. She has handled various positions in Darya-Varia, from Head of Corporate Product Portfolio Planning, to Head of Ethical Marketing, and now as Business Development and Corporate Planning Director.

Frida Oktaria Chalid

Indonesian Citizen, born in 1972. Graduated with a degree in Law from Trisakti Universtity, Jakarta in 1995. She obtained a Master in Law degree from University of New South Wales in 1999.

She began her career in 1996 as a Legal Advisor with the Legal Consultants Hutabarat, Halim & Rekan, and Makes & Partners, before joining PT Nestlé Indonesia in 2001, initially as Legal Manager and subsequently as VP Industrial Relations & Outsourcing. In 2008 she moved to PT Hutchison Ports Indonesia as Head of HR & Legal. In January 2011, she joined Darya-Varia as Operating Director for Legal & Corporate Communications and as Corporate Secretary.

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