Manny V. Pangilinan announced to retire from his position as president and CEO of PLDT. Alfredo Panlilio, who is currently telco’s chief revenue officer, will take his place.
“It has been an unparalleled privilege to have served you and this company as your CEO. It has indeed been a remarkable walk with destiny,” he said, stating he had been the telco’s president for over 20 years.
“I would be less than honest if I say I knew from the start what to do or where PLDT should be going. Rather, I have my own dark nights of doubt and long days of despondence. But because we came together as one, hope was nurtured, and we all healed. We are now a stronger company, establishing historic high revenues,” added Pangilinan.
As for Alfredo Panlilio, he “humbly” accepted the new position. He emphasized the pressure of taking over a prominent role in the company.
“I must confess, I have big shoes to fill since you have set the bar so high,” he admitted.
According to Pangilinan, Panlilio has “long experience” and “competent qualities” that made his decision to step down “less difficult.”
Pangilinan will remain the chairman of the company. He is also the chairman of Metro Pacific Investment Corp, holding various positions within the MVP group, which has interests in health care, energy, water, and media.