Fourth resignation in 4 months: Mel Velarde loses NOW treasurer and CFO
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Fourth resignation in 4 months: Mel Velarde loses NOW treasurer and CFO

A top executive of NOW Corp. of businessman Mel Velarde has quit from the self-proclaimed 4th telco player.

In a disclosure, NOW reported that its treasurer and CFO Diana M. Luna has tendered her resignation effective 18 June 2021. Luna held the post for two years.

Spin busted: PSE punishes Mel Velarde’s Now for crowning itself as ‘4th telco player’ without any basis

NOW said Luna’s exit was not due to any disagreement with NOW on any matter relating to the company’s operations, policies or practice.

NOW appointed Jozolly O. Ramos-Uy as acting treasurer and Melissa T. Dimayuga as acting CFO.

Pay your debts NOW! Mel Velarde’s self-proclaimed 4th telco owes NTC at least P2B in unpaid fees

Luna is the fourth top brass who resigned from NOW. Last February, three directors – Marlou B. Ubano, Ramon Guillermo R. Tuazon and Winnita Ysog – left the boardroom.

In the same month, the Philippine Stock Exchange penalized NOW for proclaiming itself in its press release as the country’s designated “fourth telecommunications player” without any basis.

Velarde fumes after Rios declares NOW’s fourth telco claim baseless, meant to jack up stocks

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