Lucio Co elects PNoy’s DENR Secretary Ramon Paje as new Cosco director

Bilyonaryo Lucio Co has appointed a former Cabinet Secretary to fill up one of the empty board seats in Cosco Capital.

The Cosco board chaired by Co appointed Ramon Paje as new independent director starting December 1.

Paje is a former Secretary of the Department of Environment and Natural Resources under the administration of the late President Noy Aquino.

He replaced former Labor Secretary Bienvenido Laguesma who was named to the same post by President Bongbong Marcos last June.

Co has yet to pick a replacement for former Philippine Airlines president and COO Jaime Bautista who also resigned as Cosco director to join the Marcos administration as Transportation Secretary.