Dennis Uy steps down as Dito Tel CEO

MANILA, Philippines – Davao tycoon Dennis Uy has stepped down as chief executive officer of Dito Telecommunity.

Uy will be replaced by Eric Alberto, president of Dito CME, the tech holding firm of the Udenna group and parent of Dito Tel. Uy, however, remains as chairman of Dito CME. Meanwhile, Dito CME chief operating officer Donald Lim will be the president in an acting capacity following Alberto’s movement. “Eric’s wealth of experience in senior capacities in the banking and telecoms sectors spanning several decades, will be very valuable in his new role as DITO Tel CEO. His appointment comes at an opportune time as we continue to maintain the Company on a high-growth trajectory,” Uy said in a statement.

Prior to his stint at Dito Tel, Alberto was the “number 2” executive at rival PLDT, where he was executive vice president and chief revenue officer before retiring in June 2019. Alberto joined Dito CME in late July 2020 as an independent director, after his non-compete agreement expired.

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