Wilfred Steven Uytengsu, Sr.
Wilfred Steven Uytengsu, Sr. was the founder of the Alaska Milk Corporation which is the leading publicly listed consumer foods company in the Philippines. It is the brand leader in the liquid category and a "strong second" in the powdered division. In 2009, he was ranked by Forbes as the 31st richest Filipino with a net worth of USD65 million.
Uytengsu finished elementary and the first year in high school at San Carlos College. He would went on to complete the remaining three years at the Siliman University and graduated in 1945. He graduated Bachelors of Science in Industrial Engineering from Stanford University in 1950 and Bachelors of Science in Chemical Engineering at Indiana Tech University in 1951.
Uytengsu joined his father in managing the family business after he had his second degree. He first founded General Milling Corporation in the late 50s, which would become one of the largest food companies in the Philippines. In the early 70s, Uytengsu established Holland Milk Products, Inc., the manufacturer of Alaska Milk. The company was a partnership between the General Milling Corporation and dutch-based Holland Canned Milk International.
He later on merged Holland Milk and food group of General Milling and became Alaska Milk Corporation. The company went public in 1995 and has a market capitalization of P11.4 billion. Uytengsu also held key positions in other companies. He was a Director of Mandarin Oriental and the Winsconsin-based Universal Food Corporation. He was also an Independent Director of listed Kuok Philippines Properties, Inc.
Uytengsu has had numerous philanthropy works. He granted his alma mater Silliman University financial assistance and other donations in kind such as the Uytengsu Foundation Computer Center and the newly built Uytengsu Foundation Computer Studies Hall. These are in addition to an earlier building (the Uytengsu Hall) now being used by the College of Engineering and Design, and the Alaska Basketball Court in front of Woodward Hall.
Uytengsu also established the Wentworth Uytengsu Memorial Scholarship Fund, Inc., established in memory of Wentworth Uytengsu, brother of Uytengsu, who was a pre-law student at Silliman University, but lost his life in the resistance movement in 1945.
Because of Uytengsu’s generosity, Silliman University conferred to him the the degree of Doctor of Humanities (honoris causa) in a special convocation held December 8 at the Claire Isabel McGill Luce Auditorium in 2007.
In 2010, prior to his death Uytengsu also donated USD2 million to Indiana Tech University for the renovation of the Administration Center. The facility will be named after him. Uytengsu also established the WBU Foundation (named after him and his wife, Bonnie).
Uytengsu is married to American Bonnie Mary Brooks. They have three children: Wilfred Uytengsu, Jr., Candice Uytengsu and Michael Uytengsu.
- Businessworld Online
- People Info: WIlfred Uytengsu, Sr.
- Indiana Tech University
- Viva Negrense's Multiply Site
- Forbes 40 richest Filipinos