ABS-CBN chairman Gabby Lopez resigns from network, other Lopez-owned firms

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CDNTopStories Citing “personal reasons,” ABS-CBN chairman emeritus and director Eugenio “Gabby” Lopez III tendered his resignation on Thursday, September 24, 2020, the media giant announced. Read more:

In a press statement, ABS-CBN said Lopez also tendered his resignation as director of ABS-CBN Holdings Corporation, Sky Vision Corporation, and Rockwell Land Corporation “effective immediately.”“He expressed his appreciation for the trust of the stockholders as well as his co-directors and senior management for the privilege of having served with them over the years,” ABS-CBN said.

“We respect his decision, offer him our full support, and express our sincerest gratitude for the tradition of innovation, nationalism, and public service that he cultivated in the minds and hearts of all Kapamilyas, past and present,” it added.Lopez tendered his resignation months after the House of Representatives rejected its bid for a franchise renewal.and assumed the title of chairman emeritus and director of the firm.

During the House inquiry on the network’s franchise, Lopez was questioned on his citizenship since the ownership and management of a media network should belong to a 100% Filipino.Capitol acquires P1B Naga lot for WTE projectThe comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

 

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