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Manila Bulletin devider Business devider The Stock Market devider Metro Retail names new President-COO, CFO

Metro Retail names new President-COO, CFO

Published May 16, 2025 03:43 pm
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) announced a change in leadership with the retirement of Manuel C. Alberto as president and chief operating officer and the appointment of Joselito Orense to take his place.
After serving as President and Chief Operating Officer for seven years, Manuel C. Alberto retired from executive duties during the firm’s annual stockholders’ meeting.
In his valedictory remarks, Alberto looked back on Metro Retail’s journey of growth and transformation, from pandemic navigation to supply chain modernization and loyalty program expansion. He affirmed his ongoing involvement as Senior Board Advisor.
Unanimously appointed by the Board as President and COO is Orense, who has served as MRSGI’s Chief Finance Officer and Treasurer since 2015.
With a decade of leadership within the organization, Orense has played a pivotal role in driving improvements across finance, operations, and strategy, supporting MRSGI’s growth and adaptability in a changing retail environment.
Joining him in the executive team is Lucille Malazarte, MRSGI’s newly appointed Chief Finance Officer and Treasurer. With over 30 years of service in the company, Malazarte brings institutional continuity and strong financial stewardship to her new role.
MRSGI Chairperson Sherisa Nuesa expressed the Board’s full confidence in the incoming leadership team.
In her first address as Chairperson of the Board, Nuesa highlighted Metro Retail’s resilience amid a dynamic market environment.
The company reported ₱39.62 billion in net sales for 2024, up 3.5 percent from the previous year, driven by the sustained momentum of its food retail business.
Cash earnings as measured by EBITDA rose by 7.8 percent to ₱2.34 billion, reflecting disciplined cost management, even as net income held steady at ₱609.4 million due to non-cash charges tied to MRSGI’s ongoing expansion.
Nuesa underscored the company's strides beyond the numbers. These included the new Metro Distribution Center in Sta. Rosa, Laguna, the opening of eight new stores, and the launch of its Metro Home Improvement and Lifestyle Stores.
“Our strategy is anchored on three pillars: customer-centricity, business reinvention and expansion, and organizational transformation,” said Nuesa.
The company reaffirmed its commitment to delivering long-term value for shareholders, investing in modern retail formats, enhancing operational agility, and maintaining governance excellence as it enters its next chapter.

Related Tags

Metro Retail Stores Group Inc. Manuel C. Alberto Joselito Orense Sherisa Nuesa Lucille Malazarte
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