DITO CME Holdings Corporation announced on Wednesday, Oct. 11, that Ernesto R. Alberto has been appointed as the new chief executive officer (CEO) of its subsidiary DITO Telecommunity Corporation (DITO Tel) effective immediately.
Alberto was transferred to the CEO position of DITO Tel after resigning as the president of DITO CME and member of the board of directors, according to the company's disclosure to the Philippine Stock Exchange (PSE).
He replaced the position formerly occupied by Dennis A. Uy who remains to be chairman of DITO Tel.
Meanwhile, DITO CME Chief Operating Officer Donald Patrick L. Lim was appointed as the acting president of DITO CME and member of the board of directors for the "unexpired portion of Alberto's term."
“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,” said Uy in a statement.
The company noted that “with the recent equity infusions at the DITO CME level and DITO Tel’s signing of the US$3.9 billion long-term project finance facility, we have further confidence in DITO CME and DITO Tel achieving their business plan targets at the soonest possible time.”
Prior to his appointment in DITO CME, Alberto was the executive vice president and chief revenue officer of PLDT Inc., but resigned in 2019.
He assumed the independent director post of DITO CME in July 2020, and was later appointed as its president in August of the same year.
DITO CME Holding Corporation is the information and communications technology (ICT) sector holding firm of the Udenna Group. Its subsidiary DITO Tel is the third telecommunications player in the country.