BIZ BUZZ: Better place for Perez
Manuel V. Pangilinan-led Metro Pacific Investments Corp. made the surprise announcement last week that former MPIC CEO Jose Ma. K. Lim was taking over the reins of Metro Pacific Tollways Corp. (MPTC) effective March 1.
Lim replaced Arrey Perez, who had left Clark International Airport Corp. to join the MVP group as president and chief operating officer of the MVP group’s tollways arm.
Pangilinan said in November last year when Perez was appointed that he would “amplify the company’s customer-centric approach in serving its motorists and commuting public.”
But with Perez stepping aside after just about three months, it would appear that Pangilinan has changed his mind.
But Perez is not going anywhere just yet as Pangilinan has appointed him to another role, that of chief regulatory officer of MPTC.
This was perhaps a strategic move to hasten pending projects and issues with regulators considering Perez’s extensive experience in government.
It remains to be seen if the gamble will ultimately pay off for Pangilinan.
