The Astoria Plaza, Ortigas Center, Pasig was the venue for the 2016 Annual Stakeholders meeting of Cuervo Appraisers held on June 3, 2016. In attendance were Jose Maria C. Fernandez-Cuervo, Liberty S. Año, Javier Jose Calero, Ma. Teresa C.F. Cuervo, Federico C. Cuervo, Dr. Bernardo M. Villegas, Jr., Montserrat Calero Fernandez-Cuervo, Melchor C Guerrero and Javier Fernadez-De Castro, along with our Corporate Secretary Atty. Danilo Enrique O. Co and his associate Atty. Alyssa A. Fucoy. This year’s second Board of Directors meeting followed.
Ms. Libay Año, Vice President and General Manager of Cuervo Appraisers, reviewed the minutes of the Board of Directors meeting in March and then continued with a summary of the company’s great performance in 2015. She presented the sales performances from previous months and reported the KPIs of each department. The Marketing Department was highlighted for consistently exceeding their monthly targets, which resulted in an 18% increase in the total closings for the year.
Aside from a great sales performance, productivity increased in 2016 by 25% based on the performance for the first five months of each year. The offices Cebu and Davao have performed well and opening another office in Western Visayas looks to be a viable option.
The meeting was concluded on a thankful note for all the hard work.