Panlilio steps down as PLDT, Smart CEO

- Advertisement -

After over two years, Alfredo Panlilio is stepping down as PLDT Inc. and Smart Communications Inc. president and chief executive officer (CEO) by year-end due to health reasons.

In a disclosure to the Philippine Stock Exchange, PLDT said its board of directors had accepted the retirement of Panlilio as president and CEO of PLDT and Smart effective December 31, 2023, and the reappointment of Manuel Pangilinan to the position effective January 1, 2024, concurrent to his role as the chairman.

Pangilinan expressed his gratitude to Panlilio for the vision, energy and heart that he dedicated to PLDT’s customers, employees, shareholders and the board of directors.

- Advertisement -

“I would like to thank Al profusely for his service and loyalty and wish him the best. I also enjoin everyone to support a smooth transition within the PLDT Group at this critical juncture of its corporate life,” Pangilinan said.

Panlilio replaced Pangilinan in July 2021 as the president and CEO.

Meanwhile, Panlilio will remain as director of PLDT, Smart and MediaQuest Holdings Inc.; chairman of Maya Bank and Bonifacio Communications Corp.; director of Multisys Technologies Corp. and MultiPay; president of MVP Sports Foundation; trustee of Asian Carriers Conference; and a member of the Management Association of the Philippines.

Panlilio has been instrumental in steering the PLDT Group during the challenging times of the coronavirus pandemic and enabling PLDT to sustain profitability and industry leadership in that difficult period.

With Panlilio at the helm, PLDT received various citations from both local and international organizations for pioneering brand, corporate social responsibility, cybersecurity, network and sustainability initiatives.

This is capped with Panlilio being bestowed with the CEO of the Year citation in 2022 and PLDT being recognized as one of the World’s Best Companies by Time Magazine.

 

Author

- Advertisement -

Share post: