Ernest Cu, Globe Telecom's president and CEO, is set to step down in April, leaving the company after a successful year marked by record revenues of P165 billion. During his transition period, Carl Raymond Cruz, appointed as deputy CEO in January, is undergoing onboarding processes to familiarize himself with the company's operations and culture. Cu expressed confidence in Cruz's capabilities and emphasized the importance of preserving Globe's strong company culture.
This is AI generated summarization, which may have errors. For context, always refer to the full article.As Ernest Cu prepares to step down as Globe Telecom ’s president and chief executive officer in April, he ends his tenure on a high note.on Friday, February 7, that it ended 2024 booking a record P165 billion in revenues despite a 1% slip in its net income, thanks to strong contributions from e-wallet GCash, as well as its prepaid broadband and mobile businesses.
“Recently we had a town hall introduction for him, wherein Carl was welcomed in the company-wide town hall by the Globe people,” Cu shared. “More important, I think, is the preservation of company culture, which in Globe has been a very big driver — a key driver of Globe’s success,” Cu said. “We remain very optimistic the PSE, the SEC will see that this IPO is quite unique in terms of its size, in terms of the interest of the public and the international investors,” Cu said.
Globe Telecom Ernest Cu Carl Raymond Cruz Leadership Transition Financial Results
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