BIZ BUZZ: Ernest Cu passes the baton
Outgoing Globe Telecom Inc. president and CEO Ernest Cu is leaving the company after 16 years of service in a good position with opportunities to even further grow.
“I’m really happy to conclude my tenure as a president and CEO of Globe on a very high note with fantastic results not only for Globe but across our portfolio companies,” Cu said in a virtual briefing last week.
Under his leadership, the company was able to focus on the growing mobile data segment, offering affordable prepaid internet services.
Cu also played a key role in advancing financial inclusion in the country through GCash, which has become a popular e-wallet Filipinos use for local and overseas transactions.
And Cu has nothing but good words to say to his successor, Carl Raymond Cruz, who previously worked as the CEO and managing director of a leading mobile network operator in Nigeria.
“Carl is a very seasoned executive. I’m sure he’s exhibiting very good skills in taking over the business,” he said.
Cu said they were in the process of onboarding Cruz to the company, noting that the “transition is going quite well.”
“We’re very aligned with regards to company culture and values,” he said.
The Globe official said Cruz already made an introduction during the company’s recent town hall meeting.
