Manila Water Company, Inc. Announces Management Changes
August 08, 2019 at 08:04 pm EDT
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Ayala Corporation announced that Mr. Ferdinand M. Dela Cruz tendered his resignation, effective end of business on 31 August 2019, as President and Chief Executive Officer of Manila Water Company, Inc. (MWC) and availed of early retirement, also effective 31 August 2019, as Managing Director of the Corporation. The company's Board of Directors, during its meeting, accepted the resignation of Mr. dela Cruz effective end of business on 31 August 2019 and elected Mr. Jose Rene Gregory D. Almendras as President, Chief Executive Officer, and Chief Sustainability Officer of the company effective 1 September 2019. Mr. Almendras will concurrently serve as President and Chief Executive Officer of AC Infrastructure Holdings Corporation and as the Corporation's Senior Managing Director and Group Head of Public Affairs.
The company appointed Fernando Zobel de Ayala Chairman of the Board of Directors and Executive Committee and Sherisa P. Nuesa as Member of the Board of Directors, Executive Committee, and Remuneration Committee, and Chair of the Corporate Governance Committee and Related Party Transactions Committee effective 1 September 2019.
Manila Water Company, Inc. provides water, integrated used water, sewerage and sanitation, distribution services, pipework, engineering, procurement and management services. Its segments include Manila Concession and Head Office, Domestic Subsidiaries and Foreign Subsidiaries. The Manila Concession and Head Office represents the operations of the Manila Concession (East Zone) of the Parent Company in accordance with its Concession Agreement. The Domestic Subsidiaries include Philippine businesses, such as MWIS, Calasiao Water, MWPVI (including Boracay Water, Calbayog Water, Clark Water, Filipinas Water, Bulakan Water, Ilagan Water, South Luzon Water, Obando Water, Laguna Water, North Luzon Water, Davao Water, Tagum Water, MW Consortium, Cebu Water, Aqua Centro, BMDC, EcoWater, Leyte Water, MWTV, and Zamboanga Water). The Foreign Subsidiaries consist of businesses outside the Philippines under Manila Water Asia Pacific Pte. Ltd. (KDWH, MWSAH, TDWH, MWTH, MWTC, MSEA, and PTMWI).
MANILA WATER COMPANY, INC. 
