Philippine National Bank, one of the largest lenders led by tobacco and airline tycoon Lucio Tan, on Tuesday named director Florido Casuela as officer-in-charge after president and chief executive Arnulfo “Wick” Veloso joined Government Service Insurance System as general manager.
PNB said in a disclosure to the stock exchange Casuela would serve as officer-in-charge while the bank is searching for a new chief executive.
“PNB is poised to start a new chapter in our history, and it is a very opportune time as the Philippines is also starting a new journey as a nation under a new administration,” said PNB chairman Federico Pascual.
“Over the recent years, PNB has been preparing itself for long-term, sustainable growth and this includes getting ready to do our part in nation-building,” said Pascual.
Casuela joined PNB in 2006 as director. He is chairman of PNB Securities Inc. and Casuela Equity Ventures Inc. He is also a director of PNB International Investments Corp.; PNB RCI Holdings Co. Ltd.; and Surigao Micro Credit Corp. Prior to PNB, he served as president of the Land Bank of the Philippines and Maybank Philippines Inc.