Leo I. Posadas will be appointed treasurer of the PLDT Group concurrent with his position as head of treasury center of PLDT.
Charles A. Lim, currently executive vice president/head for individual wireless business, will be tasked to establish and head the wireless strategic investments and acquisition group. Lim was responsible for growing the individual postpaid, broadband and mobile internet business.
Isaias P. Fermin, currently executive vice president/head for PLDT home, will expand his role to assume leadership of the entire consumer business.
The management revamp comes as PLDT saw its core net profit for the first quarter decline 5%.
“These changes will enable the various business units of PLDT and its subsidiaries to be more customer-focused as well as more effectively harness the resources of the entire group to develop and deliver relevant, innovative services to its customers,” PLDT said.