Wilcon Depot boss among women 'making their mark' in Asia: Forbes


Posted at May 07 2018 03:07 PM | Updated as of May 07 2018 05:20 PM

MANILA - A Filipina at the helm of one of the country's biggest construction supplies retailers is among "women making their mark in Asia's enterprises," Forbes Magazine said.

Lorraine Cincochan, CEO and President of Wilcon Depot, was described as having led the family business on "its most aggressive expansion yet" since going public last year.

Forbes recognized the 39-year-old's effort to computerize the company's manual systems and the shift "from traditional to big-box format, as well as making it easier for customers to pay by credit cards."

Wilcon Depot posted an 11-percent revenue gain in 2017 and grew its market capitalization to $887 million since going public, the magazine said.

Cincochan was the only Filipino in the list, which included Estina Ang of Singapore, founder and executive chairman of textile and apparel supplier Ghim Li Group; Jyoti Deshpande of India, president of the chairman's office at media company Reliance Industries; Kim So-hee of South Korea, CEO of cosmetics and apparel brands under Nanda; and Kuok Hui Kwong of Hong Kong, chairman and executive director of real estate company Shangri-La Asia.

Forbes said the women on the list "reflect the broader impact women are having in the Asian business world, even as the number of women in senior business positions globally retreated over the past year."

"This group of 25 women, chosen for the money they generate, the influence they wield and the ideas and trends they are advancing, bring fresh perspectives to Asia-Pacific’s growing business world," the magazine said.