Manila Water shakeup: Razon yields president, CEO jobs to Jocot De Dios; Christian Gonzalez gives up board seat
Business

Manila Water shakeup: Razon yields president, CEO jobs to Jocot De Dios; Christian Gonzalez gives up board seat

Bilyonaryo Ricky Razon has tapped former Energy Undersecretary and GE Philippines CEO J.V. Emmanuel A. “Jocot” De Dios to lead Manila Water Co. (MWC).

Razon, who assumed control of MWC last June 3 from the Ayala group, is giving up his posts as MWC president and CEO to De Dios but he will stay on as chairman.

READ: Manila Water gets P465M loan to expand Tanauan facility

His nephew, Christian Razon Gonzalez, has resigned as director to give his seat to De Dios. Gonzalez is expected to focus his time in the family’s International Container Terminal Services Inc. where he is EVP, chief risk officer, and global corporate head.

READ: Ricky Razon gets Manila Water back on track, H1 earnings up 10%

De Dios is currently the CEO of Prime Metro BMD Corporation (PrimeBMD), the joint venture between Razon’s infrastructure arm Prime Infra and BMD group, one of Australia’s largest family-owned civil contractors.

READ: Team Razon takes over Manila Water as JAZA, 3 Ayala execs exit board

MWC serves six million people in Metro Manila and Rizal province in the East Zone concession area as well as water districts in Laguna, Boracay, Clark, Obando Bulacan, Cebu, Tagum, Calasiao, and Vietnam.

 

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