Metro Pacific Investments Corp. president and chief executive Jose Ma. Lim is set to retire from his post by the end of 2021.
Metro Pacific said in a disclosure to the stock exchange chairman Manuel Pangilinan would assume the post as president of the company effective Jan. 1, 2022.
Lim will continue to be a board member of the company and will be a consultant of the group to help the company with more aggressive business development activities.
“Mr. Lim has been part of the group for 26 years and has been instrumental in the inception of MPIC and has successfully grown MPIC to its current portfolio during his almost 15 year stint with the company,” Metro Pacific said.
“His stellar performance was recognized, as shown by awards and recognitions he received as Best CEO from Institutional Investor and Corporate Governance Asia,” it said.