MVP to focus on MPIC after stepping down from PLDT: I know when I’ll retire but I won’t disclose it just yet | Bilyonaryo Business News
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MVP to focus on MPIC after stepping down from PLDT: I know when I’ll retire but I won’t disclose it just yet

Bilyonaryo Manny V. Pangilinan is expected to focus on his group’s diversified holding firm after relinquishing his leadership post in telco giant PLDT.

A Babbler said Pangilinan would focus more on running Metro Pacific Investments Corp. – which has holdings in power, toll roads, water, health care, light rail and logistics – after announcing he would give up his seats as president and CEO of PLDT effective June 2021 to his long-time protege, Al Panlilio. Pangilinan, however, will stay on as PLDT chairman.

READ: Al Panlilio is PLDT’s new boss: MVP stepping down as president and CEO in June, but will stay on as chairman

Pangilinan will celebrate his 75th birthday in July and he has no plans of retiring despite going through serious health issues from December to March this year (including getting infected with COVID-19 twice).

In a media briefing last week, Pangilinan addressed anew questions on when he would finally close the book on his long and storied corporate career.

READ: Changing lanes: MVP steering MPI away from ‘less regulated’ businesses

“I don’t have any specific metric in mind by which I would retire. As the years pass by, you are physically less effective than you were many years ago when I was young. I do have a number and year in mind but not really for public diclsoure at this stage,” said Pangilinan.

READ: Mamba mentality: Al Panlilio is odds on favorite to take over MVP’s seat in PLDT

But as he passes on his duties in PLDT, Pangilinan already has a vision of the next challenges of the telco giant – 6G and hyperscale (or technical capacity to add more resources in a business enterprise to handle more data).

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