A former protege of ultra bilyonaryo Lucio Tan has been included on the short list of nominees for the top post of Department of Transportation (DOTr) under President-elect Bongbong Marcos.
A Babbler said C-suite executive Jaime Bautista’s 24-year experience in Philippine Airlines is his trump card for the post.
Bilyonaryo.com previously reported that former Bases Conversion Development Authority (BCDA) chief Vince Dizon and former Public Works Secretary Rogelio Singson were also in the running for one of the most coveted seats in the Marcos Cabinet.
Bautista, who served a total of 39 years in Tan’s business empire, was president and chief operating officer of PAL from 2004 to 2019 (except in 2012 to 2014 when the airline was under the management of ultra bilyonaryo Ramon S. Ang).
He announced his retirement three years ago in an abrupt boardroom shakeup where Tan’s daughter, Vivienne, was designated as officer-in-charge. Bautista was replaced by Gilbert Santa Maria who himself was unceremoniusly eased out early this year after steering the flag carrier out of bankruptcy.
After quitting PAL, Bautista joined the boards of Belle, Premium Leisure, Nickel Asia, Cosco Capital, Philippine Bank of Communications, Alphaland, Airspeed International, and Gothong Southern Shipping Lines. He is still on the board of Tan’s University of the East and UE Ramon Magsaysay Medical Memorial Center.
Bautista is a Magna Cum Laude graduate of San Juan de Letran and is a Certified Public Accountant.