BIZ BUZZ: Spare MAP the drama: Bonoan drops presidency
The influential Management Association of the Philippines (MAP) will vote for a new president next week following the withdrawal of Noel Bonoan—less than a month after election—amid a marital drama.
“With this and after careful reflection, I made my decision. My hope is that this will avoid distracting the organization from its mission of instilling management excellence in the Philippines,” Bonoan said in his withdrawal letter addressed to current MAP president Rene Almendras.
Another source said women’s rights groups had complained to MAP board about Bonoan. In his letter, Bonoan said those groups alluded to a complaint affidavit that had been filed by his former wife—one that was subsequently withdrawn—alongside allegations raised in an ongoing annulment case.
Bonoan said he acknowledged the distress that such allegations have caused within and outside MAP, even as he lamented that “conspicuously missing” was his side of the story.
Almendras, for his part, said Bonoan’s decision not to accept the role showed how the latter had put MAP’s “best interests above personal considerations.”
“I express my respect for Noel’s professionalism and sincerity in upholding the ideals we espouse in MAP through his decision,” Almendras said.
Bonoan is vice chair, chief operating officer and head of advisory at KPMG R.G. Manabat and Co. He also served as an undersecretary at the Department of Finance.
