Faulve will cover the defense beat and national news for BNC.
Elchico will join Kabayan Noli De Castro, Karen Davila and Bernadette Sembrano beginning September 2.
Omaga-Diaz would be joining his family in Canada, who migrated there years ago.
The young news veteran is officially stepping down from his post as desk editor after being offered an early retirement package by his home network.
Chavez will go head-to-head with fellow entertainment journalists from the UK, Australia and Northern Ireland.