Jollibee Foods Corporation Strengthens Board with Election of Tony Tan Caktiong and Kevin Goh

MANILA, Philippines — Jollibee Foods Corporation (PSE: JFC), one of the fastest-growing food service companies in the world, has officially announced the election of its founder, Tony Tan Caktiong, and international business executive Kevin Goh to its Board of Directors. The appointments, confirmed following the company’s latest annual stockholders' meeting, underscore JFC’s strategic commitment to bolstering its corporate governance as it aggressively pursues its ambitious global expansion targets.

Tony Tan Caktiong, the visionary builder behind the Jollibee empire, continues his leadership on the board, ensuring the continuity of the brand's core values and long-term vision. Under his guidance, JFC has transformed from a single ice cream parlor in Manila into a multi-billion-dollar global conglomerate. Joining him on the board is Kevin Goh, the Chief Executive Officer of Lodging at CapitaLand Investment and CEO of The Ascott Limited. Goh’s election is viewed by market analysts as a highly strategic move. His extensive expertise in global hospitality, real estate management, and international operations is expected to provide invaluable insights as Jollibee optimizes its massive global property footprint and franchising networks.

The board development comes at a crucial juncture for Jollibee Foods Corporation, which has set its sights on becoming one of the top five restaurant companies globally. JFC’s portfolio now spans over 18 brands across 34 countries, including household names like The Coffee Bean & Tea Leaf, Smashburger, and Tim Ho Wan. Industry observers note that Goh’s background in navigating diverse international markets and driving digital transformation in the lodging sector aligns seamlessly with JFC's "digital-first" consumer strategy and rapid store network expansion.

Key Strategic Focus Areas for JFC's Board:

• Aggressive Global Expansion: Accelerating new store openings in high-growth markets, particularly in North America, China, and Europe.
• Portfolio Optimization: Enhancing the profitability and operational synergy of newly acquired global brands.
• Digital Transformation: Leveraging advanced consumer analytics and omnichannel delivery platforms to drive same-store sales growth.

With these appointments, Jollibee Foods Corporation reinforces its leadership structure to navigate complex macroeconomic headwinds and supply chain challenges, positioning the multinational giant for sustained long-term value creation for its shareholders.