Mel Velarde can’t seem to hold on to execs: NOW treasurer Melissa Dimayuga resigns for ‘personal reason’

NOW Corp. has lost a top financial executive for the second time in 15 months.

The NOW board chaired by businessman Mel Velarde announced the resignation of its treasurer and chief of corporate finance and investor relations, Melissa T. Dimayuga, for ‘personal reason’ effective September 17.

NOW stressed Dimayuga’s resignation was “not due to any disagreement with NOW Corporation on any matter relating to the Company’s operations, policies or practice.”

Dimayuga took over as treasurer in June 2021 following the resignation of treasurer and CFO Diana M. Luna.

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

The 50-year old Dimayuga, who has over 25 years of experience in the debt and equity fund markets, joined NOW in 2020 after working for 16 years as vice president of First Metro Investment Corporation.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.