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.
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.
“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.
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).