First Pacific Co. managing director and CEO Manuel V. Pangilinan is turning 65 in July and, although the mandatory retirement age does not apply to him, he sees himself working just a few more years before he calls it quits.
But before he finally retires – and he does know when yet – Pangilinan has set three main goals for himself and for First Pacific, the Hong Kong-based industrial conglomerate owned by the Salim family of Indonesia.
First Pacific has its two most profitable investments in the Philippines – the Philippine Long Distance Telephone Co. (PLDT) and Metro Pacific Investments Corp. (MPIC). One other company, Indofood, is based in Indonesia.
In an interview, Pangilinan said his first goal is to look for his successor, to identify talents within the group and develop them into future leaders of the group and the various operating companies, be it PLDT or Meralco.
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