C09013-2022

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Dec 5, 2022
2. SEC Identification Number
154675
3. BIR Tax Identification No.
948-229-000
4. Exact name of issuer as specified in its charter
CEBU AIR, INC.
5. Province, country or other jurisdiction of incorporation
Cebu City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Level 4 Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor. Sergio Osmena Boulevard, Cebu City Postal Code 6000
8. Issuer's telephone number, including area code
(632) 8802-7000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 616,313,711
Convertible Preferred 314,044,357
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Air, Inc.CEB

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Appointment, Election and Resignation of Various Directors and Officers of Cebu Air, Inc. (the “Company”, “CEB”)
Background/Description of the Disclosure

Please be advised that the Board of Directors of the Company, at its meeting on 05 December 2022, approved the following changes to its leadership team effective 01 January 2023:

Mr. Lance Gokongwei, Gokongwei Group and CEB’s President and CEO, will now be Chairman of CEB. From inception of CEB in 1996 and charting its phenomenal growth henceforth, Mr. Gokongwei will continue to lend his considerable experience and invaluable strategic advice as the new Chairman, on top of his responsibility in presiding all meetings of the stockholders and the Board of Directors.

Mr. Michael Szucs, currently Chief Executive Adviser, will become Chief Executive Officer. In his capacity as CEO, Mr. Szucs will formally lead CEB and report to the Chairman and will work closely with our Board of Directors and the Gokongwei Group’s Executive Committee and Executive Leadership Council. With this move, Mr. Szucs becomes the Accountable Manager who has overall accountability for the operations of Cebu Air, Inc., as recognized by and documented in the Civil Aviation Authority of the Philippines (CAAP). He joined CEB in 2016, bringing with him solid executive leadership spanning over 20 years across 6 global airlines. With Mr. Szucs’ guidance, CEB has seen unparalleled growth and has been at the heart of things in building resiliency and agility that helped the Company weather the most challenging crisis in the industry, and which will surely serve CEB well in the years to come.

Mr. Alexander Lao, presently Chief Commercial Officer, will now be President and Chief Commercial Officer. In Mr. Lao’s expanded role as President, he will take a more active role in supporting the Chief Executive Officer in strategic execution and stakeholder management, including regulators, government partners, investors, among others. Prior to this appointment, Mr. Lao was Vice President for Commercial Planning before becoming Chief Strategy Officer where he led the Corporate Strategy Office that played an integral part in CEB’s Future Size and Shape initiative in 2020; he also previously served as President and Chief Executive Officer of Cebgo, Inc. Mr. Lao’s move solidifies what has long been a plan of succession to create a future-ready leadership pipeline.

Mr. James L. Go will continue to be an Adviser to the CEB Board and Executive Committee to ensure that his institutional wisdom is carried over as CEB transitions to the new organization.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
James L. Go Director and Chairman Jan 01, 2023 Reorganization
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Michael B. Szucs Chief Executive Officer Dec 05, 2022 Jan 01, 2023 0 571,780 Held under PCD Nominee Corp.
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
Lance Y. Gokongwei President and CEO Chairman Dec 05, 2022 Jan 01, 2023 6,668 0 -
Alexander G. Lao Chief Commercial Officer Director, President and Chief Commercial Officer Dec 05, 2022 Jan 01, 2023 1 19,999 Held under PCD Nominee Corp.
Other Relevant Information

Please see attached SEC Form 17-C Current Report of CEB.
Filed on behalf by:
Name Anne Romadine Tieng
Designation Vice-President for Legal Affairs and Corporate Secretary