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PLDT president Al Panlilio to retire by December 31

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ABS-CBN News

MANILA — PLDT on Tuesday said its board of directors has accepted the retirement of its president and chief executive officer Alfredo &quot;Al&quot; Panlilio effective December 31.In a disclosure to the Philippine Stock Exchange, PLDT said its chairman Manuel V. Pangilinan will take over from Panlilio starting next year.The telco giant said Panlilio is retiring for health reasons. &quot;I would like to thank Al profusely for his service and his loyalty, and wish him the very best,&quot; Pangilinan said. Pangilinan had stepped down as president and CEO of PLDT in June 2021.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/15/23/6-philippine-firms-make-it-to-times-best-companies-list">6 Philippine firms make it to TIME&#x27;s list of World&#x27;s Best Companies</a></li></ul>PLDT noted that their company sustained profitability and industry leadership during the COVID-19 pandemic under Panlilio&#x27;s leadership.&quot;With Mr. Panlilio at the helm, PLDT received various <a href="https://news.abs-cbn.com/business/09/15/23/6-philippine-firms-make-it-to-times-best-companies-list" target="_blank">citations</a> from both local and international organizations for pioneering brand, corporate social responsibility, <a href="https://news.abs-cbn.com/business/10/12/23/pldt-launches-sovereign-cloud-for-philippines" target="_blank">cybersecurity</a>, network and sustainability initiatives,&quot; the company noted.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/08/16/23/globe-says-to-defend-mobile-leadership">Globe says to defend mobile leadership</a></li></ul>