He said the council should be there to represent the interest of Mindanao's business community.
Lao told MindaNews at the sidelines of the Fifth Davao City Business Conference Friday that efforts to reconcile differences should be welcomed.
PCCI drew flak for reportedly causing a unilateral reorganization of business chamber regions in Mindanao in October and thereafter facilitated elections of new sets of officers.
The decision triggered the bolting of DCCCII from the national chamber and the mass resignation of PCCI governors in Mindanao, including then PCCI vice president Romeo Serra.
The Davao chamber's move also prompted other chambers in Southeastern Mindanao and Autonomous Region in Muslim Mindanao to consider disaffiliation.
Former MinBC chair Sebastian Angliongto told MindaNews last week Lao was unanimously elected during the council's board meeting on July 6.
The new MinBC chair replaces Serra, who resigned six months before his term ended.
He clarified, however, that he will be MinBC chair on a holdover capacity, just to complete Serra's term up to December when new elections will be held.
Lao, who finished Masters in Entrepreneurship at the Asian Institute of Management (AIM), is also DCCCII executive vice president and head of the Davao Poultry Industry Association.
In one of his initial functions as MinBC chair, Lao discussed with Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. how the Mindanao Small and Medium Enterprise Development Council and the rest of the private sector would avail of the central banks Electronic Rediscounting System credit facility. (Walter I. Balane/MindaNews)