Business

Philab Holdings president, director quit

Publicly-listed Philab Holdings Corp, reported that two of its top officials have resigned as of July 10, 2020.

Philab president and CEO Robert W. Van Zwieten and director Matthew N. Welch have resigned to pursue other engagements.

Philab said it would start search for a new boss soon.

The health care-centered investment holding firm is owned by Hector Thomas A. Navasero and Rewa Romina Cristina L. Santos.

Based on its latest financial reports, Philab reported a net loss of P108 million in the first nine months of 2019 or as bad as its P109 million during the same period the previous year.

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