PLDT to name new CEO in 2025, says Pangilinan

PLDT Inc. chairman Manuel Pangilinan on Thursday hinted at stepping down as president and chief executive by 2025.

“I do hope that by the start of next year, not quite on Jan. 1, we will have a visibility of a CEO position,” he said.Pangilinan stepped down as PLDT’s president and CEO in June 2021 after the appointment of Alfredo Panlilio. He returned to the position in December 2023 after Panlilio quit over health reasons.PLDT on Thursday reported a 9-percent growth in first-quarter net profit to P9.8 billion from P9.04 billion in the same period last year.

“We continue to squeeze growth out of an industry that seems bound by gravity. That said, our first-quarter results are encouraging. We are determined to break past this gravitational hold,” said Pangilinan. PLDT’s individual wireless segment posted revenues of P21 billion in the first quarter, higher by 7 percent thabn P19.7 billion in the same period last year.

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