By MB Online
Two board members of Philippine Airlines (PAL) Inc. have resigned their positions, PAL Holdings Inc. confirmed Friday.
The resignation of former central bank governor Amando M. Tetangco, Jr. and lawyer Estelito P. Mendoza was reportedly confirmed in a disclosure to the stock exchange by PAL Holdings Inc., the parent company of PAL.
“As confirmed with the Corporate Secretary of Philippine Airlines, Inc., Atty. Marivic T. Moya, both Governor Amando (M.) Tetangco, Jr., and Atty. Estelito (P.) Mendoza have submitted their resignations from the Board of Philippine Airlines, Inc.,” PAL Holding said in a report from Business World.
According to the company’s corporate secretary, the resignation will be taken up in the upcoming board meeting.
The board recently lost a member when the late president of PAL Holding Inc., Lucio Bong Tan Jr. died in November.