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Thursday, March 28, 2024

Ping De Jesus back in the saddle

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VETERAN government minister Jose “Ping” de Jesus will again serve in the government after he accepted an appointment to head the Clark Development Corp.

Sources said De Jesus, who has already served three presidents, accepted the appointment on July 7 at the behest of former CDC president Arthur Tugade, who is now secretary of the Department of Transportation and Communication.

De Jesus was the Transportation secretary of former President Benigno Aquino, but was eased out of the position in 2011 to give way to former senator Mar Roxas, who was eventually named Transportation secretary a few days after De Jesus resigned.

Prior to his DoTC assignment, De Jesus was president of the Manila Electric Co. and also served as president of Manila North Tollways Corp.

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He was also a Cabinet secretary of both former President Corazon Aquino and former President Fidel Ramos.

Meanwhile, state-owned Land Bank of the Philippines is now headed by its executive vice president and officer-in-charge Andres C. Sarmiento who was appointed by the firm’s board of directors during its first meeting last Thursday.

LandBank’s board is headed by Finance Secretary Carlos Dominguez III and composed of Agriculture Secretary Manny Piñol, Agrarian Reform Secretary Rafael Mariano and Labor Secretary Silvestre Bello III.

Four other members of the board come from the private sector and farmers’ group but the bank has yet to name them.

Sarmiento replaced former president Gilda E. Pico’s whose term ended on July 14.

Pico, who served as the bank’s president for a total of 10 years, is the first lady president of LandBank and has worked in the bank for 35 years.

Her term focused on expanding the bank’s program and services on priority sectors namely farmers and fishers, microenterprises and small and medium enterprise, rural banks and agriculture. 

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