BIZ BUZZ: Meralco changing of the guard
Inquirer.net The 76-year-old billionaire Manuel V. Pangilinan now holds three positions in the countrys largest electric distribution utility, after Meralco president and chief executive officer Ray Espinosa officially announced that he was relinquishing his post at the companys annual stockholders meeting on Tuesday.
Pangilinanalso fittingly called MVP in this context, now that he has three titles in one companyis now not only chair of Meralco, but also president and CEO.
While Espinosa only served as Meralco chief for four years, Pangilinan lauded him for his contributions to the company, especially as he led Meralco during the generation-defining pandemic.
When our population was locked down and anxious about their survival, about the health of their loved ones and their job security, Meralco kept the lights on and even offered a reprieve to our people in the form of extended payment deadlines, Pangilinan said in his thank-you speech for Espinosa.
Pangilinan further commended RCE (Espinosas initials) for keeping the ship steady during such unsettled time.
