A lesser-known but highly influential figure in the world of Filipino business and industry, Eduardo J. Soriano, passed away on Monday, February 17, 2025, at the age of 69. Soriano, a key member of the Soriano family, was the vice-chairman of A. Soriano Corporation (Anscor), the holding company that has been behind some of the most successful and high-profile ventures in the Philippines, including the renowned Amanpulo Resort in Palawan and wire manufacturer Phelps Dodge. His death has left a significant void in the family-run corporation and has garnered tributes from those who knew him for his invaluable contributions to both Anscor and the wider business community.
Anscor announced the news of Soriano’s passing on Tuesday, February 18, in a statement that expressed profound sorrow and respect for his life and legacy. “It is with deep sadness that we announce the passing of Mr. Eduardo J. Soriano, our vice-chairman and director, today, February 17, 2025,” the statement began. “He served as director of A. Soriano Corporation (‘Anscor’) since 1980 and became vice-chairman in 1990. He was Anscor’s treasurer prior to his retirement in 2018.” The cause of his death was not disclosed, and his passing has sent ripples of shock through the business world, particularly within the Soriano family’s numerous ventures.
Eduardo J. Soriano had been with Anscor for decades, playing a vital role in its growth and success over the years. His tenure at the company spanned more than four decades, with him assuming leadership responsibilities at various levels, from treasurer to vice-chairman. His long and distinguished service to the corporation helped shape the success of Anscor, a company that has become synonymous with the Soriano family’s business legacy. Anscor, which has interests in various industries such as manufacturing, hospitality, and real estate, is perhaps best known for its high-profile subsidiary, Seven Seas Resorts and Leisure Incorporated, which owns the exclusive Amanpulo Resort in Palawan.
Amanpulo, located on the picturesque Pamalican Island in Palawan, is one of the most coveted luxury resorts in the Philippines and attracts wealthy patrons from around the globe, including Hollywood stars, VIPs, and the elite of the Philippines’ high society. The resort, set on a sprawling 90-hectare island, is renowned for its exclusivity, with only 40 private casitas and 9 luxury villas available to guests. The secluded nature of the resort, combined with its world-class amenities and unparalleled service, has made it a favorite destination for those seeking privacy and indulgence. With an average price of around P100,000 per night for a stay, Amanpulo caters to those seeking the highest level of comfort and opulence.
The resort, which is managed by Amanresorts Management based in Amsterdam, has established itself as one of the top luxury destinations not just in the Philippines, but internationally. This success is partly due to the strategic vision and leadership of figures like Eduardo J. Soriano, who helped guide the direction of Anscor and its subsidiaries. His contributions to the development of Amanpulo, as well as his role in the ongoing success of other Anscor-backed ventures, have left an indelible mark on the company and the broader hospitality industry in the Philippines.
Throughout his career, Eduardo J. Soriano was known for his dedication and expertise, particularly in the areas of finance and operations. His meticulous attention to detail and strong leadership skills helped drive the company’s growth during his time at the helm. He worked closely with his fellow board members, including his cousin, Andres Soriano III, the current chairman of Anscor, to ensure that the company continued to thrive. Soriano’s work ethic and contributions were pivotal in helping the company diversify its portfolio, expanding its influence in key sectors such as luxury real estate, manufacturing, and hospitality.
In addition to his professional accomplishments, Soriano was deeply respected for his commitment to his family and community. He was a member of the Soriano family, one of the most influential business dynasties in the Philippines, and his role in their success was integral to the ongoing legacy of the Soriano name. The family’s business empire was built by his late father, Andres Soriano Jr., the long-time CEO of San Miguel Corporation (SMC), one of the largest and most successful corporations in the Philippines. Under the leadership of the Soriano family, SMC grew into a diversified conglomerate with interests in food and beverages, packaging, power, and infrastructure, cementing its place as one of the most influential companies in the country.
The death of Eduardo J. Soriano has sent a wave of grief through both the business community and the Soriano family. The statement from Anscor, signed by Chairman Andres Soriano III, extended condolences to Soriano’s family, reflecting on the remarkable contributions he made to the company and to the industries he touched. “Our Chairman, Mr. Andres Soriano III, the Board of Directors, and the entire Anscor group of companies extend our deepest condolences to the family and loved ones of Mr. Eduardo J. Soriano,” the statement read. “We are profoundly grateful for his invaluable contributions and service to Anscor.”
Beyond his business acumen, Soriano was known for his integrity and the strong relationships he built throughout his life. His leadership style was often described as calm, thoughtful, and strategic. He was a mentor to many within Anscor, guiding younger executives and sharing his wealth of knowledge. His passing has left a void within the company and the broader business world, but his legacy will undoubtedly continue to influence the direction of Anscor and the Soriano family’s business endeavors for years to come.
While Eduardo J. Soriano may not have been as widely known outside of the business circles of the Philippines, his death has highlighted the significant impact he had on the industries he touched. His work in helping to shape the future of Anscor and Amanpulo will continue to be remembered as a critical part of the company’s history and success. As the family and the company come to terms with this loss, they are undoubtedly reflecting on the immense contributions Soriano made throughout his career and the lasting legacy he leaves behind.
In the wake of his death, tributes and condolences have poured in from colleagues, business partners, and friends, all acknowledging his significant role in the business world and the family’s success. Though Eduardo J. Soriano’s passing is a somber moment for the Soriano family and the businesses he helped build, his legacy will continue to resonate in the companies and industries he touched. His vision, leadership, and dedication have left a lasting imprint on the Philippines’ business landscape, ensuring that his influence will be felt for generations to come.
