Philippine Airlines board to meet as report says new president to be named

ABS-CBN News

Posted at Jul 29 2019 10:16 AM

Philippine Airlines board to meet as report says new president to be named 1

MANILA -- Philippine Airlines said its board would meet on Monday in what a newspaper report said would see the confirmation of a Yale-educated ex-outsourcing executive as its new president.

The flag carrier's holding firm told the stock exchange that it was "not privy" to the agenda of the meeting, which had not taken place at the start of trading.

According to the Philippine Daily Inquirer, former Ibex Global COO Gilbert Santa Maria will be PAL's new president, replacing Jaime Bautista, who retired recently.

Billionaire Lucio Tan, who chairs PAL, handpicked Santa Maria, according to the Inquirer report that cited multiple sources.