Manny Pangilinan formally stepped down as President and CEO of PLDT
On Tuesday, PLDT Chairman Manny Pangilinan (MVP) announced that he formally stepped down as President and Chief Executive Officer (CEO) of PLDT.
During the company’s virtual annual stockholders meeting on Tuesday, Pangilinan said that he will discharge his final duty as President and CEO of PLDT and asked PLDT Chief Revenue Officer and Smart Communications President and CEO Alfredo Panlilio to succeed him in the said position.
“I now lay down my charge, I will continue to be your chairman and as such I will always follow the affairs and fortunes of our company with profound interest,” MVP said.
Pangilinan’s announcement came amid a strong competition being faced by the so-called telco “duopoly” of Globe Telecom and PLDT with the arrival of DITO Telecommunity.
Last month, Pangilinan named Panlilio as his successor during the company’s first quarter results press briefing. Panlilio currently served as the chief revenue officer of PLDT and Smart Communications’ President and CEO.
Also on Tuesday, Panlilio accepted his post as the President and CEO of PLDT, noting that he’ll focus on customer experience, operation efficiency, and innovation.
“I humbly accept the appointment as the sixth Filipino chief executive officer of this great organization, the PLDT Group. I must confess, I have big shoes to fill as you have set the bar so high, and I am honored to follow the most remarkable leader. Your leadership made PLDT what it is today,” Panlilio said.
Panlilio also said that the company will continue to be “customer-centric” under his helm.