Lt. Gen. William K. Hotchkiss III (Ret.) has been the bank’s Chairman since 1999. He was also the President of the bank from 1999 until June 20, 2012. He graduated from Philippine State College of Aeronautics with a Bachelor of Science degree in Aviation in 1970. He finished his Masters degree in Education at the University of the Philippines in 1978. Two years later (1982), he completed his General Staff Course at the Escuela Superior Del Aire, Madrid, Spain. From 1990-1991, he completed the International Fellows Program course at the National Defense University, Washington, D.C. He held the position as trustee of AFP MBAI (1993-1994) and RSBS (1996-1999). After his ten-year stint as a decorated fighter pilot, he moved up in the Philippine Air Force (PAF) and Armed Forces of the Philippines (AFP) hierarchy to occupy critical and sensitive positions such as Wing Commander of the 570 Tactical Wing. His service as a warrior of the Republic was capped by his stint as the 24th PAF Commanding General from November 1996 to January 1999.
Shortly thereafter, he shifted career gears when he was elected President and Chairman of the Board of Cantilan Bank, Inc., which he helped grow from a three-branch rural bank in 1999 to the 22-branch bank that it is now. After thirteen years of countryside development work, he was called upon by President Benigno S. Aquino III to serve as Director General of the Civil Aviation Authority of the Philippines, where after 22 months of service, he has immediately achieved the mission of resolving the country’s International Civil Aviation Organization (ICAO) Significant Safety Concerns, removing the country’s flag carriers, Philippine Airlines and Cebu Pacific, from the European Union (EU) Safety Ban, and upgrading the country to the US Federal Aviation Administration (FAA) Category 1 rating.
In 1999, he assumed the position as Chairman/President of the William K. Hotchkiss Foundation (WKHF) and the Hotchkiss Learning Center. He also held the chairmanship position of different institutions, such as Nova Manufacturing & Trading, Inc. (1999 to present), Rural Bankers Association of the Philippines (2005-2006), and Rural Bankers Research & Development Foundation (2006-2007).