Converge ICT Solutions Inc. announced the resignation of Atty. Francis Ed. Lim from its Board of Directors, effective 9 June 2025, following his appointment as chairman of the Securities and Exchange Commission (SEC) by President Ferdinand R. Marcos Jr.
Converge Chairman Jose de Jesus expressed gratitude for Lim’s significant contributions since joining the board in 2020, during the height of the COVID-19 pandemic.
> “We are truly grateful to Director Francis for his steadfast guidance to the organization over the past five years,” said de Jesus. “His wealth of experience in commercial and corporate law strengthened our organizational structure and laid down essential guardrails for good governance, especially in our early days as a publicly listed company.”
President and Co-Founder Maria Grace Uy emphasized Lim’s role in elevating the company’s governance practices.
> “As a member of key board committees—including Corporate Governance, Risk Oversight, Related Party Transactions, and Remuneration—Atty. Lim played a crucial role in enhancing transparency, strengthening risk management, and attracting high-caliber talent to the company,” Uy noted.
CEO and Co-Founder Dennis Anthony Uy highlighted Lim’s legal guidance during a transformative period for Converge.
> “Atty. Lim helped steer Converge through unprecedented challenges during the pandemic and our transition as a public company. While his time with us concludes, we are elated that he will now serve the public through the SEC,” Uy said. “His deep expertise in capital markets will undoubtedly promote stronger, fairer, and more efficient market regulation. We wish him great success in this important role.”
In his letter to the board, Lim expressed gratitude for the opportunity to serve Converge:
> “I wish to express my heartfelt gratitude to the stockholders for the trust and confidence they placed in me. It has been a distinct honor and privilege to serve Converge. I sincerely hope I have contributed meaningfully to the well-being of the company,” he wrote.
“To my fellow directors and the management team, thank you for the camaraderie, wisdom, and support throughout my tenure.”
A respected figure in corporate and legal circles, Lim served as President and CEO of the Philippine Stock Exchange from 2004 to 2010. During this time, he also held senior roles in affiliated institutions, including the Securities Clearing Corporation of the Philippines, the Philippine Dealing and Exchange Corporation, and the Capital Market Development Center, Inc.
Lim has also served the judiciary as a member of various Supreme Court subcommittees that helped craft key Rules of Court related to commercial law and corporate restructuring.
The Converge Board Nominations Committee is currently reviewing potential candidates to fill the vacated board seat. In accordance with Section 28 of the Revised Corporation Code of the Philippines, the remaining directors may elect a replacement to serve the unexpired term, provided the vacancy does not reduce the board below quorum.
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