MANILA, Philippines -- Manila Water Company Inc. (MWCI) President and Chief Executive Officer (CEO) Ferdinand dela Cruz is scheduled to step down on August 31, after the water concessionaire's Board of Directors has accepted his resignation. According to the company's disclosure on Friday and posted at the Philippine Stock Exchange (PSE) website, Dela Cruz will be replaced by former Energy Secretary Jose Almendras, who was elected by the Board in a previous meeting. "Please be informed that Mr. Ferdinand M. dela Cruz tendered his resignation today as Director, President, Chief Executive Officer, and Chief Sustainability Officer of the Company as we...
Keep on reading: Manila Water president resigns; effectivity set Aug. 31
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