Yansons willing to settle dispute with matriarch ‘as long as within bounds of law’

Emily Yanson, one of the company’s board members and VTI’s vice president for administration, said on Friday that they respect the call of their brother Roy Yanson, current VTI president, to reconcile with mother Olivia Yanson.Olivia was the co-founder of the bus network which has over 4,800 buses in its fleet and around 18,000 employees nationwide.

Leo Rey Yanson was the former president of VTI, which controls Ceres Liner and Sugbo Transit. He was ousted by the Yanson siblings in early July, who in turn installed Roy.However, recent stories point to Leo Rey as the company’s president, as Olivia spearheaded a meeting which also elected a new set of directors. The special stockholders meeting was supposedly held at the company’s main office in Barangay Mansilingan, Bacolod City.

Another Yanson in Celina Yanson-Lopez, VTI’s chief financial officer, said that the meeting was a waste of time, saying that Leo Rey knows for a fact that the meeting was not valid.

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