MVP sets succession plan in motion at PLDT, new CEO must be “ready to die for the job”
With a new management team on board, Bilyonaryo Manuel V. Pangilinan is toying with the idea of retiring from the country’s largest telecommunications company, PLDT Inc., as early as next year.
Pangilinan told reporters that the telco giant would start the selection process for a new CEO to assume the strategic role of reinvigorating the structure and culture ofPLDT into a much more market-driven, customer-centric organization by the second half of 2017.
“I hope we could find a CEO in the second half and I could let go by either end-2017 or no later than early 2018,” said Pangilinan, chairman, president and CEO of PLDT.
The 70-year old Pangilinan has set high standards for the CEO post. “He has to be ready to die for the job, give up his family. Work over family. period. If I could see that in a person you’re it,” he said.
“You know, there is always a price you pay for the life you choose. If you want this job, it’s a very reputable job, I would assume that any guy would want the job so there’s always a price to pay. You can’t be the CEO of this company on an 8-hour work shift, it’s impossible,” he pointed out.
Pangilinan said the new CEO could come from the organization or outside the PLDT group
“There will be several names from the inside that will be brought up and several also from outside. We’re really looking at the right person to lead this company,” he said.