{"id":313945,"date":"2026-04-05T21:05:44","date_gmt":"2026-04-05T15:35:44","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=313945"},"modified":"2026-04-05T21:05:45","modified_gmt":"2026-04-05T15:35:45","slug":"lopez-inc-majority-voted-to-remove-ceo-court-order-blocks-move","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/04\/05\/lopez-inc-majority-voted-to-remove-ceo-court-order-blocks-move\/","title":{"rendered":"Lopez, Inc. majority voted to remove CEO, court order blocks move"},"content":{"rendered":"<p class=\"p2\">A MAJORITY of shareholders in Lopez, Inc. said they&#8217;d voted to remove Federico \u201cPiki\u201d R. Lopez as president and chief executive of<span class=\"s1\">f<\/span>icer (CEO), but a court order has temporarily blocked the move.<\/p>\n<p class=\"p3\">In an announcement on Tuesday, the group, representing a 71% stake within the family holding company, said the board voted 5-2 on Feb. 27 to remove Mr. Lopez, with him and his brother, Benjamin, dissenting.<\/p>\n<p class=\"p3\"><span class=\"s1\">It said the corporate\u2019s by-laws allow the removal of any corporate officer by a majority vote, even without cause.<\/span><\/p>\n<p class=\"p3\">The statement said the court order temporarily allowed Mr. Lopez to stay in his post.<\/p>\n<p class=\"p3\"><span class=\"s1\">Lawyers representing the bulk said they&#8217;d filed a motion to dissolve the court order, citing the corporate\u2019s by-laws, in response to the statement.<\/span><\/p>\n<p class=\"p3\">Lopez, Inc. is the Lopez Group\u2019s private holding company and parent of companies including Lopez Holdings Corp. and First Gen Corp.<\/p>\n<p class=\"p3\"><span class=\"s2\"><i>BusinessWorld<\/i> has yet to receive a response from the camp of Mr. Lopez after in search of comment through <\/span><span class=\"s1\">First Gen. <b>\u2014 Ashley Erika O. Jose<\/b><\/span><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A MAJORITY of shareholders in Lopez, Inc. said they&#8217;d voted to remove Federico \u201cPiki\u201d R. Lopez as president and chief executive officer (CEO), but a court order has temporarily blocked the move. In an announcement on Tuesday, the group, representing a 71% stake within the family holding company, said the board voted 5-2 on Feb. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":313946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4771,418,1615,1943,28717,969,2271,4065,7827],"class_list":["post-313945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blocks","tag-ceo","tag-court","tag-lopez","tag-majority","tag-move","tag-order","tag-remove","tag-voted"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/313945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=313945"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/313945\/revisions"}],"predecessor-version":[{"id":313948,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/313945\/revisions\/313948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/313946"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=313945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=313945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=313945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}