Manila, Philippines – Local telco player DITO Telecommunity has named Ernesto “Eric” R. Alberto as its new chief executive officer as the current one Dennis Uy has announced that he is stepping down from said role.
In a recent disclosure by the company, Alberto’s appointment marks his leadership transfer from most recently being the president of DITO CME, the information and communications technology (ICT) sector holding firm of the Udenna Group.
Following this, Donald Patrick Lim–most recently the chief operating officer at DITO CME–has been named the acting president for DITO CME.
“Eric’s wealth of experience in senior capacities in the banking and telecoms sectors spanning several decades, will be very valuable in his new role as DITO Tel CEO. His appointment comes at an opportune time as we continue to maintain the Company on a high-growth trajectory,” Uy said.
The new leadership changes come recently after DITO recently secured a US$3.9b loan to fund the rollout of its network expansion.
“With the recent equity infusions at the DITO CME level and DITO Tel’s signing of the US$3.9 billion longterm project finance facility, we have further confidence in DITO CME and DITO Tel achieving their business plan targets at the soonest possible time,” Uy concluded.
