Rural Transit holds annual stockholders’ meetings

Rural Transit (Mindanao) Inc. (RTMI) held its annual stockholders’ meeting today, February 9, 2022 with matriarch Olivia V. Yanson heading the board election.

During the annual meeting, Olivia V. Yanson, Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Anita G. Chua, Daniel Nicolas P. Golez and Rey C. Ardo were re-elected as members of RTMI’s board of directors.

RTMI is a public transport firm plying major routes in Mindanao. It is part of the Yanson Group of Bus Companies.

The newly-elected directors then held an organizational meeting where Leo Rey Yanson was re-appointed as president and chairman of the board, while Olivia was re-appointed as corporate secretary and treasurer.

In a statement, RTMI said stockholders Roy V. Yanson, Ma. Lourdes Celina Y. Lopez and Ricardo V. Yanson Jr. were absent despite the due notices sent to them.

Roy, Ricky and Celina are believed to be out of the country, together with their sister Emily V. Yanson.

Leo Rey V. Yanson said RTMI is committed to providing the riding public with the most reliable means of public transportation amid the challenges of the pandemic.

A Bacolod City court, in an October 2021 decision, granted Olivia the mandate to oversee and administer the estate of her late husband Ricardo Yanson who co-founded with Olivia in 1968 the Yanson Group of Bus Companies.*