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Manny Pangilinan steps down as president, CEO of PLDT Inc

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/news/03/04/20171114-pangilinan-abis-asean-md-357.jpg?ext=.jpg"/><figcaption>PLDT Group CEO Manny V. Pangilinan during the ASEAN Business and Investments Summit in Parañaque City on Tuesday. <em>Mark Demayo, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA - Tycoon Manny V. Pangilinan on Tuesday stepped down as president and CEO of telco giant PLDT Inc.</p><p>Pangilinan, who will remain as chairman of PLDT Inc, officially passed the baton to Alfredo Panlilio, currently the telco&#x27;s chief revenue officer.</p><p>&quot;At the end of this meeting, I will discharge my duty as president and CEO of PLDT. I’ve asked Al to succeed me in this position,&quot; MVP said during the company&#x27;s virtual shareholders&#x27; meeting.</p><p>&quot;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,&quot; he added.</p><p>Pangilinan said he had served as the company&#x27;s president for 23 years, witnessing first hand the milestones and ordeals for over 2 decades. </p><p>&quot;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,&quot; Pangilinan said.</p><p>&quot;My primordial goal as CEO was the rejuvenation of PLDT as the foremost telco in our country,&quot; he added.</p><p>Pangilinan is also the chairman of Metro Pacific Investment Corp and holds various positions within the MVP group, which has interests in health care, energy, water and media, among others. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/06/21/al-panlilio-to-replace-mvp-as-president-and-ceo-of-pldt-inc">Al Panlilio to succeed Pangilinan in PLDT as income rebounds</a></li>	<li><a href="https://news.abs-cbn.com/business/03/04/21/pldts-pangilinan-hints-at-leaving-soon-as-ceo">PLDT&#x27;s Pangilinan hints at leaving &#x27;soon&#x27; as CEO</a></li></ul><p>Incoming president and CEO Panlilio &quot;humbly&quot; accepted the new post but underscored the pressure of replacing a big name.</p><p>&quot;I must confess, I have big shoes to fill since you have set the bar so high,&quot; Panlilio said.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/06/08/20210608-alfredo-panlilio.jpg?ext=.jpg"/><figcaption>Incoming PLDT president and CEO Al Panlilio. <em>Screengrab</em></figcaption></figure></div><p>Pangilinan cited Panlilio&#x27;s &quot;long experience&quot; and &quot;competent qualities,&quot; which made his decision to step down &quot;less difficult.&quot;</p><p>PLDT Inc has long been one of the two main telecommunication players in the country, along with Globe Telecom. </p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1658423" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><div><strong>— with reports from Bruce Rodriguez and Jessica Fenol, ABS-CBN News</strong></div>

<p>Tycoon Manny V. Pangilinan on Tuesday stepped down as president and CEO of telco giant PLDT Inc.</p>

Tycoon Manny V. Pangilinan on Tuesday stepped down as president and CEO of telco giant PLDT Inc.